Accountant Salary in Minnetonka, MN: $78,796 (2026)
Quick Answer:A full-time accountant in Minnetonka, MN earns a median $78,796/year (≈ $37.88/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2011). Once you factor in Minnetonka's price level (1% below national, BEA RPP 98.5), that paycheck buys what $79,996 would nationally. Nominal pay sits 1.2% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, accountants in Minnetonka, Minnesota, can expect a median annual salary of $78,796, reflecting a competitive local wage compared to the national median of $85,864. The salary landscape offers a broad range, with entry-level positions earning around $49,639 and experienced professionals commanding up to $122,135. These figures, derived from BLS state-level data and regional cost adjustments, highlight the importance of licensure in advancing one's career. Accountants who earn the CPA designation can unlock significant pay disparities as they transition from staff to senior roles, positioning themselves for higher compensation in both public accounting and industry sectors within the Twin Cities area. This compelling pay scale suggests a strong demand for accounting talent in Minnetonka, bolstered by its robust employment market.
About the Minnetonka Market
Salary estimated from Minnesota average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $49,639 | $23.87 |
| Lower Range (P25) | $64,913 | $31.20 |
| Median (P50)(typical) | $78,796 | $37.88 |
| Upper Range (P75) | $100,859 | $48.49 |
| Top Earners (P90) | $122,135 | $58.72 |
Median Salary Position
8.23% below the national average
2026 Salary Percentile Distribution in Minnetonka
In Minnetonka, MN, the accountant salary spread from the 10th to 90th percentile is $72,496 (2026 est.). At $78,796, the local median is 8.23% below the national median of $85,864.
Salary Calculator
At 40 hours/week in Minnetonka: You'd be in the lower-middle range
How Minnetonka Accountant Pay Compares
Minnetonka median: $78,796/year (2026)
| Compared To | Median Salary | Minnetonka Pays |
|---|---|---|
| Minnesota Average | $79,753 | -1.20% less |
| National Average | $85,864 | -8.23% less |
Accountants in Minnetonka, MN earn a median of $78,796 per year (2026 est.), which is 8.23% lower than the national median of $85,864 and 1.20% below the Minnesota state average of $79,753.
Cost-of-Living Adjusted Salary
Minnetonka 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.
Minnetonka, MN has a cost-of-living index of 98.5 (below the national average of 100). A accountant earning $78,796 nominally has purchasing power equivalent to $79,996 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$65,660
2025 BLS Actual
$76,792
2026 Current Est.
$78,796
2019–2027 Growth
+23.1%
Salary Trajectory for Accountants in Minnetonka (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.61% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $65,660 | Actual |
| 2020 | $67,505 | Actual |
| 2021 | $70,891 | Actual |
| 2022 | $71,580 | Actual |
| 2023 | $73,305 | Actual |
| 2024 | $79,806 | Actual |
| 2025 | $76,792 | Actual |
| 2026(current) | $78,796 | Estimated |
| 2027 | $80,853 | Projected |
Based on 7 years of BLS OEWS data for the Minnetonka metropolitan area, the median accountant salary grew 17.0% from $65,660 (2019) to $76,792 (2025). At a 2.61% compound annual growth rate, salaries are projected to reach $80,853 by 2027 — a total increase of $15,193 (23.14%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Minnetonka 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) | $49,639 – $64,913 |
| 3-5 years (Mid Career) | $64,913 – $78,796 |
| 5+ years (Experienced) | $78,796 – $100,859 |
| 10+ years (Top Earner) | $100,859 – $122,135 |
CPA salary ranges estimated from BLS percentile data. Individual accountant compensation varies by employer, certifications, and specialization.
Accountant Job Market in Minnetonka
The local job market currently employs a modest number of 12 accountants in the Minnetonka area, which reflects a tight-knit community of professionals. With a cost-of-living index of 98.5, accountants might find their purchasing power slightly lower than the national average, presenting a unique consideration for those analyzing how much do accountants make in Minnetonka. Among the highest-paying employers are the Big 4 firms, which typically offer better compensation and growth potential compared to regional CPA firms and boutique practices. The salary variance stems from several factors including specialization, firm type, and the influence of CPA licensure, which notably affects the potential for higher salaries. For accounting professionals looking to maximize their pay, focusing on obtaining a CPA license and considering positions at larger firms could yield the most significant financial benefits in the competitive marketplace of Minnetonka, MN.
More salary data for Minnetonka, MN:
Frequently Asked Questions
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Related Pages
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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 $76,792 for accountantsin the Minnetonka 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 Minnetonka 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