Compensation and Benefits Managers Salary
Compensation and Benefits Managers in Minnesota make a median of $163,390 a year, or about $78.55 an hour. The range runs from $103K at the entry level to $232K for experienced workers. Cost of living is below average (RPP 92.6), which stretches that salary to about $176,447 in buying power. Rent on a 2-bedroom averages $1,384/month, or 14.3% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Minnesota. Jump to a metro for precise data:
So what does $163K get you in Minnesota?
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What this looks like in Minnesota
Compensation and benefits managers pay in Minnesota tracks closely to the national median, $163K locally vs. $149K nationwide, a 9% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,384/month, 14.8% of take-home, well inside the 30% guideline. Regional Price Parity sits at 92.6 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Minnesota
Entry-level compensation and benefits managers (10th percentile) start around $103K. Mid-career wages sit at $163K. Top earners bring in $232K or more, a $129K spread from bottom to top.
Compensation and Benefits Managers salary by metro in Minnesota
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $163K | +0% | 320 |
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BLS updates this data quarterly. We'll email you when Minnesota numbers change.
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Frequently asked questions
Can a compensation and benefits manager afford a 2BR apartment alone in Minnesota?
Yes — at the median salary of $163K, rent takes 14.8% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,384/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for compensation and benefits managers in Minnesota?
The 10th-percentile wage — what new compensation and benefits managers typically earn — is $103K/year. Take-home on that works out to about $6,161/month. At HUD’s $1,384/month FMR, rent would take 22% of that take-home — manageable on an entry-level income.
Is compensation and benefits manager a high-paying job in Minnesota?
Pay here is roughly in line with the national average — $163K locally vs. $149K nationally, a 9% difference.
How does Minnesota compare to the national average for compensation and benefits managers?
Minnesota pays $163K median vs. the U.S. average of $149K — that’s +9%. After adjusting for local cost of living (RPP 92.6), the purchasing-power equivalent is $176K — still ahead of the national median.
How much do compensation and benefits managers make in Minnesota?
The median is $163,390 a year, that works out to about $79 an hour. But the range is wide: entry-level workers start around $102,690, and experienced compensation and benefits managers can clear $231,830. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $163K enough to live in Minnesota?
On that salary, you'd take home roughly $9,352/month after taxes. A 2-bedroom here rents for about $1,384/month, which eats 14.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a compensation and benefits managers salary go in Minnesota?
Minnesota has a Regional Price Parity of 92.6 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median compensation and benefits managers salary is worth about $176,447 in national-average purchasing power.
Where do compensation and benefits managers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.