Accountant Salary in Minneapolis, MN: $88,758 (2026)
Quick Answer:A full-time accountant in Minneapolis, MN earns a median $88,758/year (≈ $42.68/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2011). Once you factor in Minneapolis's price level (5% above national, BEA RPP 104.8), that paycheck buys what $84,675 would nationally. Nominal pay sits 11.3% above the Minnesota state average.
Official BLS data · View source
In 2026, the expected median salary for accountants in Minneapolis, Minnesota, is projected to be $88,758, slightly above the national median of $85,864. With a salary range spanning from $63,557 at the 10th percentile to $149,513 at the 90th percentile, this data reflects the robustness of the local accounting market. These figures, derived from official Bureau of Labor Statistics (BLS) OEWS surveys, indicate a vibrant environment for accounting professionals. The substantial upward mobility associated with earning a CPA license enhances earning potential, creating significant pay disparities as accountants transition from junior to senior roles. As Minneapolis continues to grow as a financial hub, opportunities for competitive compensation in this field are expanding, reflecting the city's strong demand for skilled professionals.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $63,557 | $30.56 |
| Lower Range (P25) | $75,829 | $36.46 |
| Median (P50)(typical) | $88,758 | $42.68 |
| Upper Range (P75) | $113,169 | $54.40 |
| Top Earners (P90) | $149,513 | $71.89 |
Median Salary Position
3.37% above the national average
2026 Salary Percentile Distribution in Minneapolis
In Minneapolis, MN, the accountant salary spread from the 10th to 90th percentile is $85,956 (2026 est.). At $88,758, the local median is 3.37% above the national median of $85,864.
Salary Calculator
At 40 hours/week in Minneapolis: You'd be in the lower-middle range
How Minneapolis Accountant Pay Compares
Minneapolis median: $88,758/year (2026)
| Compared To | Median Salary | Minneapolis Pays |
|---|---|---|
| Minnesota Average | $79,746 | +11.30% more |
| National Average | $85,864 | +3.37% more |
Accountants in Minneapolis, MN earn a median of $88,758 per year (2026 est.), which is 3.37% higher than the national median of $85,864 and 11.30% above the Minnesota state average of $79,746.
Cost-of-Living Adjusted Salary
Minneapolis has a cost of living 4.82% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Minneapolis, MN has a cost-of-living index of 104.822 (above the national average of 100). While the nominal salary of $88,758 is competitive, the higher cost of living reduces purchasing power to an effective $84,675 — a 4.6% reduction.
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2019 BLS Actual
$70,090
2025 BLS Actual
$86,500
2026 Current Est.
$88,758
2019–2027 Growth
+29.9%
Salary Trajectory for Accountants in Minneapolis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.61% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $70,090 | Actual |
| 2020 | $72,100 | Actual |
| 2021 | $77,430 | Actual |
| 2022 | $78,570 | Actual |
| 2023 | $79,750 | Actual |
| 2024 | $83,260 | Actual |
| 2025 | $86,500 | Actual |
| 2026(current) | $88,758 | Estimated |
| 2027 | $91,074 | Projected |
Based on 7 years of BLS OEWS data for the Minneapolis metropolitan area, the median accountant salary grew 23.4% from $70,090 (2019) to $86,500 (2025). At a 2.61% compound annual growth rate, salaries are projected to reach $91,074 by 2027 — a total increase of $20,984 (29.94%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Minneapolis metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 2.61% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $63,557 – $75,829 |
| 3-5 years (Mid Career) | $75,829 – $88,758 |
| 5+ years (Experienced) | $88,758 – $113,169 |
| 10+ years (Top Earner) | $113,169 – $149,513 |
CPA salary ranges estimated from BLS percentile data. Individual accountant compensation varies by employer, certifications, and specialization.
Accountant Job Market in Minneapolis
The Minneapolis job market is home to approximately 21,820 accountants, providing a rich environment for career development. With a cost of living index of 104.822, it is crucial for accountants to consider how this influences their take-home pay. Several prominent employers, including Big 4 firms such as Deloitte and PwC, typically offer some of the highest salaries in the area, while regional and mid-tier firms provide a competitive alternative. The significant variance in pay can be attributed to the CPA license, the tier of the public accounting firm, and specialized roles such as tax or forensic accounting. To maximize compensation in Minneapolis, professionals should aim to secure roles in high-demand sectors and gain licensure, positioning themselves for opportunities in corporate accounting departments, where industry controllers often benefit from lucrative bonus structures and other incentives. Additionally, understanding the cycles of busy-season demands can provide strategic advantages in negotiations and career advancement.
More salary data for Minneapolis, MN:
Frequently Asked Questions
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Written by Sofia Patel, CPA
Career Analyst
Sofia Patel has over 10 years of experience in financial analysis. She specializes in tax preparation for small businesses. She has worked in both corporate and public accounting environments.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $86,500 for accountantsin the Minneapolis metropolitan area. A 2.61% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 2.61%, derived from historical BLS wage trends for accountants (SOC 13-2011).
Compiled and verified by Sofia Patel, CPA, a licensed accountant with 10+ years of clinical experience. · View source data at BLS.gov