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As of August 01, 2026, the average salary for a Product Development Analyst in Minnesota is $106,795 per year, which breaks down to an hourly rate of $51.
However, a Product Development Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Product Development Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $117,476 | $9,790 | $2,259 | $56 |
| Average | $106,795 | $8,900 | $2,054 | $51 |
| 25th Percentile | $95,631 | $7,969 | $1,839 | $46 |
Dahl Consulting - Minneapolis, MN
Mortenson - Minneapolis, MN
Marvin - Warroad, MN
Gopher Sport - Owatonna, MN
A Product Development Analyst'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 a Product Development Analyst'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 |
|---|---|
| Product D... Level Product Development Analyst | $74,902 |
| Product D... Level Product Development Analyst | $88,202 |
| Product D... Level Product Development Analyst | $106,009 |
| Product D... Level Product Development Analyst | $136,197 |
| Product D... Level Product Development Analyst | $164,236 |
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 Product Development Analysts. 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 Product Development Analyst roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Energy & Utilities sectors offer the strongest compensation, at 20% above the average. In contrast, Product Development Analyst positions in Edu., Gov't. & Nonprofit or Retail & Wholesale typically offer lower base pay, as these industries often view Product Development Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Biotechnology | $128,154 | $62.0 | 20% |
| Energy & Utilities | $128,154 | $62.0 | 20% |
| Software & Networking | $128,154 | $62.0 | 20% |
| Financial Services | $122,814 | $59.0 | 15% |
| Pharmaceuticals | $122,814 | $59.0 | 15% |
Understanding how a Product Development Analyst'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 | $117,476 | $9,790 | $2,259 | $56 |
| Average | $106,795 | $8,900 | $2,054 | $51 |
| 25th Percentile | $95,631 | $7,969 | $1,839 | $46 |
Ready to take the next step in your career? Browse thousands of current Product Development Analyst job openings on our job board. Use the search bar below to find your perfect match.
Solventum
Saint Paul, MN
Solventum | Saint Paul, MN
Product Developer Specialist. At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating b... more
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Reviva
Minneapolis, MN
Reviva | Minneapolis, MN
Job Description. Job Description. For over 80 years, Reviva has set the standard for high-quality remanufactured diesel and gas engines. As the largest ind... more
8 Days Ago
Dairy Management Inc.
Saint Paul, MN
Dairy Management Inc. | Saint Paul, MN
Job Description. Job Description. Rosemont, Illinois, United States | In-office Tuesday through Thursday. Visa sponsorship and relocation are not available... more
9 Days Ago
Advatix, Inc.
Minneapolis, MN
Advatix, Inc. | Minneapolis, MN
Job Description. Job Description. AI and Solutions Development Analyst. HRforGrowth® is engaged as the talent acquisition partner to conduct this search on... more
6 Days Ago
Simplicity Group Holdings
Minneapolis, MN
Simplicity Group Holdings | Minneapolis, MN
Job Description. Job Description. Position Title. Product Business Analyst. Reports to. VP, Product Owner. Department. Technology. Location. 3600 American ... more
5 Days Ago
Royal Bank of Canada
Minneapolis, MN
Royal Bank of Canada | Minneapolis, MN
Product Analyst, Alternative Investments. The Alternative Investments product team serves as the primary platform support for alternative investment produc... more
8 Days Ago
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