Accountant Salary in Shakopee, MN: $77,242 (2026)
Quick Answer:A full-time accountant in Shakopee, MN earns a median $77,242/year (≈ $37.13/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2011). Once you factor in Shakopee's price level (1% below national, BEA RPP 98.5), that paycheck buys what $78,418 would nationally. Nominal pay sits 3.1% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, accountants in Shakopee, Minnesota, are projected to earn a median annual salary of $77,242. This figure illustrates a slight decline compared to the national median of $85,864, highlighting local economic conditions. The salary spectrum ranges from $56,270 at the 10th percentile to $119,724 at the 90th percentile, reflecting a varied job market where skills, experience, and industry affiliations play a significant role in compensation. These local estimates, derived from 2025 BLS data adjusted for regional price differences, encapsulate the transitional opportunities for accountants, particularly those moving from public accounting to industry roles, which typically offer better long-term earning potential.
About the Shakopee Market
Salary estimated from Minnesota average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $56,270 | $27.05 |
| Lower Range (P25) | $64,654 | $31.08 |
| Median (P50)(typical) | $77,242 | $37.13 |
| Upper Range (P75) | $98,351 | $47.28 |
| Top Earners (P90) | $119,724 | $57.56 |
Median Salary Position
10.04% below the national average
2026 Salary Percentile Distribution in Shakopee
In Shakopee, MN, the accountant salary spread from the 10th to 90th percentile is $63,454 (2026 est.). At $77,242, the local median is 10.04% below the national median of $85,864.
Salary Calculator
At 40 hours/week in Shakopee: You'd be in the lower-middle range
How Shakopee Accountant Pay Compares
Shakopee median: $77,242/year (2026)
| Compared To | Median Salary | Shakopee Pays |
|---|---|---|
| Minnesota Average | $79,713 | -3.10% less |
| National Average | $85,864 | -10.04% less |
Accountants in Shakopee, MN earn a median of $77,242 per year (2026 est.), which is 10.04% lower than the national median of $85,864 and 3.10% below the Minnesota state average of $79,713.
Cost-of-Living Adjusted Salary
Shakopee 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.
Shakopee, MN has a cost-of-living index of 98.5 (below the national average of 100). A accountant earning $77,242 nominally has purchasing power equivalent to $78,418 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$64,365
2025 BLS Actual
$75,277
2026 Current Est.
$77,242
2019–2027 Growth
+23.1%
Salary Trajectory for Accountants in Shakopee (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.61% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $64,365 | Actual |
| 2020 | $66,173 | Actual |
| 2021 | $69,493 | Actual |
| 2022 | $70,167 | Actual |
| 2023 | $71,859 | Actual |
| 2024 | $78,231 | Actual |
| 2025 | $75,277 | Actual |
| 2026(current) | $77,242 | Estimated |
| 2027 | $79,258 | Projected |
Based on 7 years of BLS OEWS data for the Shakopee metropolitan area, the median accountant salary grew 17.0% from $64,365 (2019) to $75,277 (2025). At a 2.61% compound annual growth rate, salaries are projected to reach $79,258 by 2027 — a total increase of $14,893 (23.14%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shakopee 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) | $56,270 – $64,654 |
| 3-5 years (Mid Career) | $64,654 – $77,242 |
| 5+ years (Experienced) | $77,242 – $98,351 |
| 10+ years (Top Earner) | $98,351 – $119,724 |
CPA salary ranges estimated from BLS percentile data. Individual accountant compensation varies by employer, certifications, and specialization.
Accountant Job Market in Shakopee
Currently, Shakopee supports a small accounting workforce, with only 11 accountants employed in the area, emphasizing a niche market characterized by its local cost of living index of 98.5, which is below the national average. This situation translates to enhanced purchasing power for accounting professionals, despite the lower salary figures. Among local employers, regional CPA firms often provide competitive pay structures, although larger firms like the Big 4 typically dominate the compensation scale due to their extensive resources and high operational standards. Factors influencing the variation in accountant pay in Shakopee include professional licensing and specialization, especially in areas such as tax or forensic accounting, which can command a premium. Aspiring accountants looking to maximize their earning potential should consider pursuing CPA licensure and gaining experience in demanding public accounting roles, especially during busy seasons, which can dramatically influence short-term earnings through overtime and bonus opportunities.
More salary data for Shakopee, 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 $75,277 for accountantsin the Shakopee 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 Shakopee 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