As of July 01, 2026, the average salary for an Economic Development Director in Minnesota is $116,566 per year, which breaks down to an hourly rate of $56.
However, an Economic Development Director's salary can vary significantly. Here’s a look at the typical salary range:
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Economic Development Director Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $134,766 | $11,230 | $2,592 | $65 |
| Average | $116,566 | $9,714 | $2,242 | $56 |
| 25th Percentile | $100,829 | $8,402 | $1,939 | $48 |
American Academy of Neurology - Minneapolis, MN
Longterm Health Management Services - Saint Paul, MN
Miller Dunwiddie Architecture Inc - Minneapolis, MN
Metropolis - Minneapolis, MN
An Economic Development Director's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of an Economic Development Director's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Developme... Level Economic Development Director | $82,542 |
| Developme... Level Economic Development Director | $101,837 |
| Economic ... Level Economic Development Director | $115,228 |
| Developme... Level Economic Development Director | $150,701 |
| VP of Dev... Level Economic Development Director | $294,006 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Economic Development Directors. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Economic Development Director roles, the industry you choose can impact your earning potential by as much as 20% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 10% above the average. Conversely, Economic Development Director positions in Business Services typically offer lower base pay, as this sector often view Economic Development Director as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Edu., Gov't. & Nonprofit | $128,223 | $62.0 | 10% |
Understanding how an Economic Development Director's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $134,766 | $11,230 | $2,592 | $65 |
| Average | $116,566 | $9,714 | $2,242 | $56 |
| 25th Percentile | $100,829 | $8,402 | $1,939 | $48 |
Ready to take the next step in your career? Browse thousands of current Economic Development Director job openings on our job board. Use the search bar below to find your perfect match.
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