Accountant Salary in Lakeville, MN: $78,354 (2026)
Quick Answer:A full-time accountant in Lakeville, MN earns a median $78,354/year (≈ $37.67/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2011). Once you factor in Lakeville's price level (1% below national, BEA RPP 98.5), that paycheck buys what $79,547 would nationally. Nominal pay sits 1.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Lakeville, Minnesota, the projected salary for accountants in 2026 reaches a median of $78,354, reflecting a competitive yet slightly lower compensation than the national median of $85,864. The salary spectrum for accountants spans from $54,846 at the 10th percentile to $121,449 at the 90th percentile, illustrating a varied landscape that accommodates both entry-level and experienced professionals. These figures, derived from 2025 BLS data and adjusted for regional economic conditions, indicate that Lakeville's job market remains active for accounting professionals. Those considering a career in this field can find promising opportunities, especially as the transition from public accounting firms to private industry continues to shape the earning potential over a lifetime.
About the Lakeville Market
Salary estimated from Minnesota average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $54,846 | $26.37 |
| Lower Range (P25) | $64,021 | $30.78 |
| Median (P50)(typical) | $78,354 | $37.67 |
| Upper Range (P75) | $100,293 | $48.22 |
| Top Earners (P90) | $121,449 | $58.39 |
Median Salary Position
8.75% below the national average
2026 Salary Percentile Distribution in Lakeville
In Lakeville, MN, the accountant salary spread from the 10th to 90th percentile is $66,603 (2026 est.). At $78,354, the local median is 8.75% below the national median of $85,864.
Salary Calculator
At 40 hours/week in Lakeville: You'd be in the lower-middle range
How Lakeville Accountant Pay Compares
Lakeville median: $78,354/year (2026)
| Compared To | Median Salary | Lakeville Pays |
|---|---|---|
| Minnesota Average | $79,709 | -1.70% less |
| National Average | $85,864 | -8.75% less |
Accountants in Lakeville, MN earn a median of $78,354 per year (2026 est.), which is 8.75% lower than the national median of $85,864 and 1.70% below the Minnesota state average of $79,709.
Cost-of-Living Adjusted Salary
Lakeville has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lakeville, MN has a cost-of-living index of 98.5 (below the national average of 100). A accountant earning $78,354 nominally has purchasing power equivalent to $79,547 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$65,292
2025 BLS Actual
$76,361
2026 Current Est.
$78,354
2019–2027 Growth
+23.1%
Salary Trajectory for Accountants in Lakeville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.61% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $65,292 | Actual |
| 2020 | $67,126 | Actual |
| 2021 | $70,493 | Actual |
| 2022 | $71,178 | Actual |
| 2023 | $72,893 | Actual |
| 2024 | $79,358 | Actual |
| 2025 | $76,361 | Actual |
| 2026(current) | $78,354 | Estimated |
| 2027 | $80,399 | Projected |
Based on 7 years of BLS OEWS data for the Lakeville metropolitan area, the median accountant salary grew 17.0% from $65,292 (2019) to $76,361 (2025). At a 2.61% compound annual growth rate, salaries are projected to reach $80,399 by 2027 — a total increase of $15,107 (23.14%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lakeville 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) | $54,846 – $64,021 |
| 3-5 years (Mid Career) | $64,021 – $78,354 |
| 5+ years (Experienced) | $78,354 – $100,293 |
| 10+ years (Top Earner) | $100,293 – $121,449 |
CPA salary ranges estimated from BLS percentile data. Individual accountant compensation varies by employer, certifications, and specialization.
Accountant Job Market in Lakeville
With 15 accountants currently employed in Lakeville, the local job market may appear limited; however, it offers unique avenues for growth, particularly as the cost-of-living index stands at 98.5, providing a practical advantage for taking home earnings. Employers in this area range from major firms like Deloitte and PwC to smaller CPA practices, which often pay less but allow for flexible working conditions. The disparity in salaries can be influenced by various factors such as CPA licensure, the prestige associated with larger firms, and specialized roles in taxation or forensic accounting that can command higher pay due to their complexity. To maximize earnings potential, professionals should focus on obtaining their CPA credentials early, consider roles in larger firms to build credentials, and leverage busy seasons to negotiate compensation that reflects high demand periods, particularly in firms known for overtime and bonus structures.
More salary data for Lakeville, 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 $76,361 for accountantsin the Lakeville 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
Salary data for Lakeville 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