Financial Managers Salary in Minnesota

Financial managers in Minnesota earn the most in Minneapolis (average $183,030 a year) and the least in Duluth ($136,180), across the 5 Minnesota metro areas we cover. Statewide, BLS puts the financial managers average at $176,560 and the median at $163,410 for 16,680 workers. The U.S. average for this job is $186,910.

Financial Managers average salary by city in Minnesota

Minneapolis$183,030
Rochester$173,120
St. Cloud$154,860
Mankato$147,270
Duluth$136,180

Pay, take-home pay and cost of living

City	Average	Median	25th pct.	Take-home*	Cost of living
Minneapolis	$183,030	$165,620	$131,250	$124,832	105
Rochester	$173,120	$158,570	$115,870	$118,837	91
St. Cloud	$154,860	$135,760	$105,520	$107,789	88
Mankato	$147,270	$134,710	$104,340	$103,197	91
Duluth	$136,180	$126,800	$98,730	$96,488	89

*Average salary after federal and state taxes for a single filer; Minnesota Paid Leave premiums are not included. Cost of living: BEA price parity, U.S. = 100.

Financial Managers salary in other states

Financial Managers salary by city and state

More about pay in Minnesota

Sources and how to read this page

Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 11-3031.
U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.

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