Business & Finance Minnesota (MN) Rank #19 of 50

Financial Controller Salary in Minnesota

The median financial controller salary in Minnesota is $123,750 per year, which is 1% below the national median of $125,000.

Median Salary
$123,750
vs National
$-1,250
State Rank
#19 of 50
Cost of Living
97%

Financial Controller Salary Overview in Minnesota (2026)

Minnesota ranks #19 out of 50 states for financial controller compensation. Minnesota falls in the middle of the pack for financial controller pay, offering salaries near the national average. At $123,750 per year, financial controllers in Minnesota earn $1,250 less than the national median of $125,000.

Minnesota's cost of living is near the national average at 97%, meaning financial controller salaries here translate closely to their face value in purchasing power.

The salary spread in Minnesota is significant: financial controllers at the 10th percentile earn $77,220, while those at the 90th percentile bring home $196,020 — a $118,800 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Minnesota for this role is Minneapolis, where the median reaches $133,750.

Nationally, financial controller employment is projected to grow 6% over the next decade (faster than average). This steady growth indicates stable demand for financial controllers across the country.

Financial Controller Salary in Minnesota by Experience

In Minnesota, an entry-level financial controller earns around $81,180, while experienced professionals earn up to $188,100 per year. The cost of living index in Minnesota is 97% of the national average.

Entry Level (0-2 yrs)
$81,180
$-820 vs national
Mid Level (3-7 yrs)
$126,720
$-1,280 vs national
Senior Level (8+ yrs)
$188,100
$-1,900 vs national

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Salary Percentiles in Minnesota

Percentile MN Salary
10th Percentile $77,220
25th Percentile $97,020
Median (50th) $123,750
75th Percentile $160,380
90th Percentile $196,020

Financial Controller Salary by City in Minnesota

The largest employment areas for financial controllers in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.

How to Become a Financial Controller in Minnesota

Education

Most financial controller positions require a bachelor's degree. Minnesota has several accredited institutions offering relevant programs.

Key Skills

Financial ReportingGAAPERP SystemsBudgetingTeam LeadershipTax Compliance

Job Outlook in Minnesota

Nationally, financial controller employment is projected to grow 6% over the next decade (faster than average). Minnesota's demand may vary based on local industry trends.

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Frequently Asked Questions: Financial Controller Salary in Minnesota

How much does a Financial Controller make in Minnesota? ▼
The median financial controller salary in Minnesota is $123,750 per year, which is 1% below the national median of $125,000. Salaries range from $77,220 (10th percentile) to $196,020 (90th percentile).
How much does a Financial Controller make per hour in Minnesota? ▼
Based on the median annual salary of $123,750, a financial controller in Minnesota earns approximately $59 per hour assuming a standard 2,080-hour work year.
Is Minnesota a good state for financial controllers? ▼
Minnesota ranks #19 out of 50 states for financial controller pay. The cost of living index is 97% of the national average. Entry-level financial controllers earn $81,180, while senior professionals earn $188,100.
How does Minnesota compare to other states for financial controller salary? ▼
The highest paying state for financial controllers is Hawaii at $212,500. Minnesota's median of $123,750 ranks #19 nationally. Nearby-ranked states include Vermont ($126,250) and Pennsylvania ($125,000).
What is the entry-level financial controller salary in Minnesota? ▼
An entry-level financial controller in Minnesota earns approximately $81,180 per year. With 3-7 years of experience, pay increases to around $126,720. Senior-level professionals with 8+ years earn up to $188,100.
What city in Minnesota pays financial controllers the most? ▼
Minneapolis is the highest paying city in Minnesota for financial controllers, with a median salary of $133,750. Other cities include Saint Paul and Rochester.