Financial Managers Salary
Financial Managers in Minnesota make a median of $163,410 a year, or about $78.56 an hour. The range runs from $99K at the entry level to $278K for experienced workers. Cost of living is below average (RPP 92.6), which stretches that salary to about $176,469 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:
Where the paycheck goes
What $163K actually covers in Minnesota, month by month
About financial managers
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What this looks like in Minnesota
Financial managers pay in Minnesota tracks closely to the national median, $163K locally vs. $167K nationwide, a 2% 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 financial managers (10th percentile) start around $99K. Mid-career wages sit at $163K. Top earners bring in $278K or more, a $178K spread from bottom to top.
Financial Managers salary by metro in Minnesota
5 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $166K | +1% | 12,460 |
| Rochester | $159K | -3% | 390 |
| St. Cloud | $136K | -17% | 490 |
| Mankato | $135K | -18% | 210 |
| Duluth | $127K | -22% | 420 |
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BLS updates this data annually. We'll email you when Minnesota numbers change.
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Quick answers
The stuff people actually ask about this job
Can a financial 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 financial managers in Minnesota?
The 10th-percentile wage — what new financial managers typically earn — is $99K/year. Take-home on that works out to about $6,074/month. At HUD’s $1,384/month FMR, rent would take 23% of that take-home — manageable on an entry-level income.
Is financial manager a high-paying job in Minnesota?
Pay here is roughly in line with the national average — $163K locally vs. $167K nationally, a 2% difference.
How does Minnesota compare to the national average for financial managers?
Minnesota pays $163K median vs. the U.S. average of $167K — that’s -2%. 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 financial managers make in Minnesota?
The median is $163,410 a year, that works out to about $79 an hour. But the range is wide: entry-level workers start around $99,250, and experienced financial managers can clear $277,680. 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 $9,353/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 financial 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 financial managers salary is worth about $176,469 in national-average purchasing power.
Where do financial 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.