Financial Risk Specialists in Minnesota
May 2025 wages · tax year 2026
You keep
$77,348
after federal, FICA and Minnesota tax
Tax takes
$28,072
26.6% of the whole
Worth, in national money
$78,592
Minnesota costs less than average
On that salary you would be around the 25th percentile for this work in Minnesota — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$105,420
Kept after tax
$77,348
Worth in national money
$78,592
State rank
17
of 50 states
What this pays, and what it is worth
- Middling, nationally. Minnesota pays financial risk specialists around $105,420 at the midpoint, 17 of 50 states. The interesting numbers on this page are the two below it.
- This is one of the better-paid jobs in Minnesota. It ranks 55 out of 490 occupations the state publishes figures for, which puts it in the top quarter locally.
- Cost of living is unremarkable here. From $105,420, tax leaves $77,348, and adjusting for local prices barely moves it — about $78,592 in comparable terms. Averages run higher here, $113,470, since top earners drag the number up.
- For financial risk specialists the Minnesota median is $105,420, ranking 17 of 50 states reporting. Mid-band nominal positions are the ones most frequently reordered by the adjustments, because no large wage premium exists to absorb a state's tax or price level.
- Within Minnesota, financial risk specialists ranks 55 of 490 occupations by median pay, placing it in the top quartile of the local distribution. This is the comparison a resident actually makes — against neighbors rather than against the same job elsewhere.
- Because Minnesota sits close to the national price level, the real-terms figure for financial risk specialists — median $105,420 — tracks the post-tax figure closely: $77,348 retained, $78,592 adjusted. ⚠️ Neither is a wage; the second describes what the first buys. Mean pay of $113,470 exceeds the median, so the upper tail is doing the work.
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Pay band: Financial Risk Specialists
The state median for this job
| Lowest tenth earn under | $72,930 |
|---|---|
| Half earn under | $105,420 |
| Top tenth earn over | $161,880 |
| This salary | $105,420 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in Minnesota | $77,348 |
|---|---|
| Take-home in Texas | $82,993 |
| Once local prices are leveledBEA price parity | +$6,814 |
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $97,396 |
|---|---|
| You could take a cut of | −$9,412 |
| Prices in Texas | 97 vs 98 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- Half the people doing this work in Minnesota earn less than $105,420. The published range is $72,930 up to $161,880, so an individual figure can sit a long way from the middle in either direction.
- That $77,348 take-home in Minnesota comes from $105,420. It is the no-frills case: single filer, standard deduction, nothing set aside before tax. Real circumstances almost always reduce the tax. City and school-district taxes are not counted at all. Locally the work ranks 55 of 490.
- Two cautions on $78,592, the adjusted value of that $105,420 median. It levels out prices with a single number for all of Minnesota. No actual address matches that. The wage figures and price figures are also from different years. Each is published on its own timetable. This work sits at 55 of 490 locally.
- Reported values are medians; for financial risk specialists in Minnesota the tenth-to-ninetieth percentile band is $72,930 to $161,880. Neither the median nor the band is an offer rate, and neither accounts for hours, shift differentials or overtime.
- Retained pay of $77,348, from $105,420, assumes a single Minnesota filer with the standard deduction and no elective deferrals. Pre-tax retirement or HSA contributions, dependants and itemized deductions all reduce it further; local income taxes, excluded here, would increase it in the states that levy them. This occupation ranks 55 of 490 locally, and the state ranks 17 of 50 for it.
- This $78,592 adjusted figure, worked from $105,420, rests on a state-level price parity averaging over within-state dispersion larger than much of the between-state dispersion. Wage and price vintages differ by publication schedule. The result is directionally sound and not address-specific, for work at 55 of 490 in the state. The occupation ranks 55 of 490 locally.
Questions people ask
Is this the average pay for the job?
Half earn more than this and half earn less. The average sits at $113,470 because a long tail of high pay lifts it, so the two answer different questions.
Why is the pay range for this job so wide?
One title, many jobs. The lowest tenth take $72,930, the highest tenth $161,880, and what separates them is experience, employer and what exactly the role does.
What does this pay actually buy where I live?
More than the figure suggests. Prices in Minnesota sit below the national level, so take-home here stretches like $78,592 would elsewhere. The wage is the same; the ground it covers is larger.
Where does the difference between the wage and my paycheck go?
Four deductions, stacked. The federal layer and the two payroll taxes apply wherever you work; Minnesota then takes its own share, leaving $77,348.
Why is this job missing from some states?
The survey withholds small samples rather than publish an unreliable number. Pay appears for 50 states here, and a missing state means too few reports, not no jobs.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in Minnesota is $113,470. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($72,930) and the ninetieth ($161,880) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
Minnesota's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $78,592 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
What accounts for the gap between gross wage and take-home here?
Take-home of $77,348 reflects federal income tax, OASDI, Medicare and Minnesota income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Why does this occupation lack published estimates in every state?
BLS suppresses estimates failing disclosure or reliability criteria. This occupation has published state-level estimates in 50 of the fifty-one jurisdictions. Suppression reflects sample size and confidentiality rules, and cannot be read as an absence of employment.