As of August 01, 2026, the average salary for an IT Software Engineer in Elko New Market, MN is $129,645 per year, which breaks down to an hourly rate of $62.
However, an IT Software Engineer's salary can vary significantly. Here’s a look at the typical salary range:
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An IT Software Engineer'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, skills and company size can directly affect your earning potential.
Experience is a primary driver of an IT Software Engineer'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 |
|---|---|
| Software ... Level IT Software Engineer | $81,743 |
| Software ... Level IT Software Engineer | $105,197 |
| IT Softwa... Level IT Software Engineer | $128,828 |
| Software ... Level IT Software Engineer | $149,047 |
| Software ... Level IT Software Engineer | $171,342 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 2.68% |
| Software Development | 4.7% |
| Software Engineering | 2.8% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Open Source
|
$134,830 |
4%
|
|
Container
|
$133,534 |
3%
|
|
Innovation
|
$133,534 |
3%
|
|
Kubernetes
|
$133,534 |
3%
|
|
Python
|
$132,237 |
2%
|
|
AWS
|
$132,237 |
2%
|
For IT Software Engineer roles, the industry you choose can affect earning potential by as much as 27% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Aerospace & Defense sectors offer the strongest compensation, at 14% above the average. In contrast, IT Software Engineer positions in Retail & Wholesale or MFG Nondurable typically offer lower base pay, as these industries often view IT Software Engineer as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $147,795 | $71.0 | 14% |
| Aerospace & Defense | $145,202 | $70.0 | 12% |
| Internet | $143,905 | $69.0 | 11% |
| Biotechnology | $142,609 | $69.0 | 10% |
| Software & Networking | $141,313 | $68.0 | 9% |
Understanding how an IT Software Engineer'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.
Last Updated on August 01, 2026Ready to take the next step in your career? Browse thousands of current IT Software Engineer job openings on our job board. Use the search bar below to find your perfect match.
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