Minnesota Employment Statistics
86.7% of employees work for a private company, this is 1.4% greater than the national average of 85.2%. Local government agencies employ 9.4% of the workers in the state, state government agencies employ 2.8% of the workers and the federal government employs 1.1%. The percentage of employees working for a government agency (13.3%) is 1.4% lower than the national average. The chart below illustrates the breakout of employees by type of employer.
- 175,619 employers
- 2,882,927 employees
- $1,115 average weekly wage
- The average weekly wage is 1.3% above the national average
- The cost of living is 1.5% above the national average
Types of Employers (Private Sector vs Government Agency)
As an employer in Minnesota, you are most likely to be running a private company rather than a government agency. 96.1% of employers run private companies in the state, 0.9% less than the national average of 97.0. The remaining 3.9% of employers are government agencies: 0.8% work in a federal agency, 0.8% work for the state and 2.3% work for local government. The chart below illustrates the breakout of employers by type.
The average weekly wage in Minnesota is $1,115 per week, which is 1.3% less than the national average of $1,101 per week. Minnesota workers that are employed by private businesses earn $1,124 per week, 2.2% greater than the national average for private company employees. Employees of federal government agencies in Minnesota earn $1,437 per week, a premium of 27.8% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Businesses by SectorThe sector with the greatest number of businesses in the state is Professional services with 12.7% of the businesses in the state. Retail trade (10.6%) and Other services (9.7%) round out the top 3 sectors.
Table: Sectors by # of Businesses
|Sector||# Businesses||% of Bus.|
|Accommodation and food services||12,057||6.9%|
|Finance and insurance||9,600||5.5%|
|Real estate and rental||6,293||3.6%|
|Transport and warehousing||4,788||2.7%|
|Arts and entertainment||3,235||1.8%|
|Agriculture and forestry||2,853||1.6%|
|Mining and oil extraction||216||0.1%|
Employees by Sector
The sector with the greatest number of employees in the state is Healthcare
with 16.5% of the employees in the state. Manufacturing
(11.2%) and Retail trade
(10.3%) round out the top 3 sectors.
Table: Sectors by # of Employees
|Sector||# Employees||% of Emp'|
|Accommodation and food services||227,171||7.9%|
|Finance and insurance||143,128||5.0%|
|Transport and warehousing||90,173||3.1%|
|Arts and entertainment||46,029||1.6%|
|Real estate and rental||35,142||1.2%|
|Agriculture and forestry||21,762||0.8%|
|Mining and oil extraction||5,880||0.2%|
Average Weekly Wage by Sector
The sector that pays their employees the highest is Company management
paying $2,448per week compared with the state average of $1,124. Utilities
($2,166) and Finance and insurance
($2,041) round out the top 3 sectors.
Table: Wages by Sector
|Sector||Wkly Wage||vs St Avg.|
|Finance and insurance||$2,041||181.6%|
|Mining and oil extraction||$1,779||158.3%|
|Real estate and rental||$1,013||90.1%|
|Transport and warehousing||$1,012||90.0%|
|Agriculture and forestry||$754||67.1%|
|Arts and entertainment||$701||62.4%|
|Accommodation and food services||$378||33.6%|
Businesses by Industry
Each broad sector is made up of specific industries. In Minnesota. the industry with the most businesses is Restaurants and other eating places
with 4.9% of the businesses in the state (with 8,599 employing 173,973 workers). Computer systems design and related services
(3.3%) and Private households
(2.7%) round out the top 3 industries. The Top 10 Industries in the state are:
|Restaurants and other eating places||8,599||20.2|
|Computer systems design and related services||5,834||6.3|
|Residential building construction||3,562||3.5|
|Insurance agencies and brokerages||3,229||4.9|
|All other professional and technical services||2,772||2.5|
|Services for the elderly and disabled||2,742||16.5|
|Management consulting services||2,441||11.4|
|All other specialty trade contractors||2,234||3.7|
|Accounting and bookkeeping services||2,208||7.0|
Employees by Industry
The industry with the greatest number of employees in the state is Restaurants and other eating places
with 6.0% of the businesses in the state. The industry employs 173,973 in 8,599 businesses, there are 20.2 employees on average in each of these businesses. General medical and surgical hospitals
(3.8%) and Management of companies and enterprises
(2.8%) round out the top 3 industries.
Table: Industries by # of Employees
|Restaurants and other eating places||173,973||20.2|
|General medical and surgical hospitals||110,948||525.8|
|Management of companies and enterprises||81,216||55.5|
|Offices of physicians||73,603||44.3|
|Temporary help services||54,441||46.4|
|Supermarkets and other grocery stores||46,630||53.8|
|Services for the elderly and disabled||45,223||16.5|
|Nursing care facilities skilled nursing||42,541||88.4|
|General merchandise stores including warehouse clubs and supercenters||37,478||44.6|
Average Weekly Wage by Industry
The industry that pays their employees the most is Miscellaneous intermediation
, paying $5,739 compared with the state average of $1,124. Securities and commodity exchanges
($4,819) and Commodity contracts dealing
($4,749) round out the top 3 industries.
Table: Wages by Industry
|Industry||Wkly Wage||% of Avg|
|Securities and commodity exchanges||$4,819||428.7|
|Commodity contracts dealing||$4,749||422.5|
|Investment banking and securities dealing||$3,423||304.5|
|Credit card issuing||$3,299||293.5|
|All other financial investment activities||$2,953||262.7|
|Office equipment rental and leasing||$2,912||259.1|
Minnesota Businesses by Size
company, has the most businesses in Minnesota by far. 61.3% of all businesses in the state have fewer than 5 employees. The 158,785 small businesses in the state represent 94.9% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.
Minnesota Employees by Business Size
The largest companies in the state represent 190.4% of all employees, which is 51.9% higher than the national average of 138.4%. Smallest companies also employ a lower percentage of the states workforce than the largest companies. The solopreneur
(those that employ fewer than 5) companies employ 81.2% of all workers, which is 10.3% lower than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 570.6% of the labor force in the state, 20.6% more than the national average of 550.0%.
Minnesota Avg Weekly Wages by Business Size
The smallest companies in Minnesota (those with fewer than 5 employees) pay workers 6.2% more than the national average ($1,039 per week as compared to the national average of $975 per week). The largest companies in Minnesota (those with more than 1,000 employees) pay 9.9% workers above the national average ($2,088 per week as compared to the national average of $1,882 per week).
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.