Accountant Hourly Pay in Faribault, MN: $36.22 (2026)
Quick Answer:Hourly pay for a accountant working in Faribault, MN runs $36.22 at the median for 2026 — annualizing to $75,332 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2011). Weighted against Faribault's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $36.77 nationally would. A 24-hour part-time schedule grosses $45,204 per year.
Based on BLS state-level estimates · View source
In Faribault, Minnesota, accountants earn a median hourly rate of $36.22, which is notably lower than the national median of $41.28. This hourly pay reflects the financial landscape specific to this region, making it essential for professionals to evaluate their earnings, especially if they are considering part-time roles or per-diem positions. An accountant working three days a week can expect to take home a substantial income, while those engaged in per-diem work within various settings, such as public firms or corporate finance, may find themselves with flexible schedules that suit their lifestyle. The hourly rates in Faribault vary from entry-level positions starting at around $24.70 to higher-end earnings reaching up to $56.14 for top-tier professionals.
About the Faribault Market
Salary estimated from Minnesota average ($82,000) adjusted for local cost of living.
Accountant Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $24.70 | $197.59 |
| Lower Range (P25) | $28.84 | $230.75 |
| Median (P50) | $36.22 | $289.77 |
| Upper Range (P75) | $46.36 | $370.87 |
| Top Earners (P90) | $56.14 | $449.10 |
Estimated Annual Income by Work Schedule in Faribault
Based on $36.22/hr median hourly rate · 2026 est.
At $36.22/hr, a accountant working full-time (40 hr/wk) in Faribault, MN can expect to earn approximately $75,340 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $43,466. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Faribault.
Hourly Rate Calculator
Schedule Comparison in Faribault
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,448.85 | $6,278 | $75,340 |
| Part-Time (24 hrs) | $869.31 | $3,767 | $45,204 |
| Per Diem (16 hrs) | $579.54 | $2,511 | $30,136 |
Compare CPA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Accountant (Faribault) | $36.22 |
| Financial Analyst (National Avg) | $47.61 |
| Bookkeeping / Accounting Clerk (National Avg) | $22.93 |
| Auditor (National Avg) | $39.88 |
| Tax Examiner / Collector (National Avg) | $29.61 |
Accountants in Faribault, MN earn a median of $75,332 per year (2026 est.), which is 12.27% lower than the national median of $85,864 and 5.50% below the Minnesota state average of $79,717.
Accountant Hourly Pay vs. Cost of Living
Working 24h/week at $36.22/hr = $45,204/year (purchasing power: $45,893).
Working 40h/week (full-time) = $75,340/year (purchasing power: $76,488).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$30.18/hr
2025 BLS Actual
$35.30/hr
2026 Current Est.
$36.22/hr
2019–2027 Growth
+23.1%
Hourly Rate Trajectory for Accountants in Faribault (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.61% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $30.18/hr | Actual |
| 2020 | $31.03/hr | Actual |
| 2021 | $32.59/hr | Actual |
| 2022 | $32.90/hr | Actual |
| 2023 | $33.70/hr | Actual |
| 2024 | $36.68/hr | Actual |
| 2025 | $35.30/hr | Actual |
| 2026(current) | $36.22/hr | Estimated |
| 2027 | $37.17/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for accountants in Faribault grew 17.0% from $30.18/hr (2019) to $35.30/hr (2025). At a 2.61% projected growth rate, hourly pay is expected to reach $37.17/hr by 2027. Part-time and per-diem accountants can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Faribault 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.
Working as an Hourly Accountant in Faribault
Hourly compensation for accountants in Faribault also presents intriguing dynamics for those opting for part-time work or specialized roles. A part-time accountant working 24 hours a week may take home approximately $45,000 annually, a figure that highlights how these positions can provide a balanced lifestyle compared to full-time responsibilities. Meanwhile, per diem accountants, especially those on a contract basis, can command rates ranging from $50 to $95 per hour based on their expertise, with seasoned professionals from Big 4 firms during peak seasons earning between $80 and $130 per hour. Those who focus on niche specialties such as forensic accounting might even see rates soar to $300-$600 per hour in litigation contexts. Employers differ in their hourly compensation structures, with Big 4 firms and mid-tier CPA firms generally offering different pay scales than corporate departments or small practices. While some accountants may accept lower hourly rates in exchange for benefits like health insurance, others prioritize higher pay with fewer perks. For those negotiating their hourly pay in Faribault, evaluating the total compensation package, including benefits, can provide leverage in discussions with potential employers.
More salary data for Faribault, 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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 2.61% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for accountants in Faribault. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Faribault is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
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