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Central Minnesota Development Company Salary

Central Minnesota Development Company Salary

How Much Does Central Minnesota Development Company Pay for employees?

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As of October 2026, the average hourly salary for employees at Central Minnesota Development Company in the United States is $44. This translates to an approximate annual wage of $91,776. Salaries at Central Minnesota Development Company typically range from $39 to $50 hourly, reflecting the diverse roles and experience levels within the company. Central Minnesota Development Company’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Central Minnesota Development Company Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

Digital Services Specialist

$17 / hour

Salary Range: $15 - $19

Security Services

Contact Center Agent

$42 / hour

Salary Range: $36 - $48

Sales

Fraud and Security Specialist

$44 / hour

Salary Range: $38 - $51

Security Services

Digital Support Agent

$34 / hour

Salary Range: $30 - $38

Construction

Business Anaylst

$66 / hour

Salary Range: $55 - $75

Library

Digital Banking Agent

$34 / hour

Salary Range: $30 - $38

Construction

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Central Minnesota Development Company.
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About Central Minnesota Development Company: Company Profile

Website
www.cmdcbusinessloans.com
Founded In
1978
Employees
100 - 200 employees
Industry
Financial Services
Headquarter Location
ANOKA
Revenue
$10 Million - $50 Million
Phone Number
-
Social Media
About CENTRAL MINNESOTA DEVELOPMENT COMPANY
CMDC, a MN SBA Premier Certified Lender, provides business loans and financing expertise to small business owners in Minnesota and parts of North Dakota and Wisconsin. Our financing programs and services include SBA 504 Loans; CMDC Initiative Fund and many State and Local Loan Funds and Economic Development tools. SBA 504 loans offer low down payments, and long term fixed interest rates with no ba

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Central Minnesota Development Company's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
The company delivers on predictability. Management checks in regularly, and the HR team is proactive. Departmental silos are minimal - we function as one cohesive organization. Leadership is respectful but maintains a formal, hierarchical structure. The support from leadership is strong, and company policies reflect values like fairness, inclusion, and innovation.
Commented in May 20, 2025
36
0
There’s a focus on doing things the traditional way. I appreciate the team’s drive and professionalism. The ability to maintain a fulfilling personal life while excelling professionally makes this firm stand out in the financial services sector. This direct line of communication makes problem-solving quick and effective for us. Positive, inclusive culture. The work-life balance is respected, and t...
Commented in October 13, 2024
46
0
Competitive compensation and strong career growth. Workload is fair and deadlines are usually reasonable. Inclusive and respectful workplace. Challenging projects with great learning potential. I’ve felt trusted since day one.
Commented in March 05, 2024
48
0

How Central Minnesota Development Company's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Central Minnesota Development Company’s pay competitiveness. Click on a company for a deeper dive.

Is Central Minnesota Development Company’s Pay Competitive? Salary Benchmarking Analysis

How does Central Minnesota Development Company’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Central Minnesota Development Company
Financial Services
CARES, COMMUNITY AWARENESS IN RECOGNIZING & EDUCATING ON SUICIDE
CAJUN PAWN WEST MONROE
Industry Comparison
Our data shows that, on average, compensation at Central Minnesota Development Company is below the average for the U.S. Financial Services industry by approximately 24%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Central Minnesota Development Company average annual salary with several similar companies. Central Minnesota Development Company average salary of $91,776 is higher than CARES, COMMUNITY AWARENESS IN RECOGNIZING & EDUCATING ON SUICIDE, which has an average salary of $81,824. It is higher than CAJUN PAWN WEST MONROE, with their average salary at $77,374. This places Central Minnesota Development Company in a competitive position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

What Is the Cost of Living Near Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Central Minnesota Development Company.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Central Minnesota Development Company, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Central Minnesota Development Company salary. Location choices impact this heavily.
Utilities (Basic) $130 - $230 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $120 (Metro Transit monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Central Minnesota Development Company

FAQ 1: What is the typical salary range (low to high) for most roles at Central Minnesota Development Company?
The typical salary range for most roles at Central Minnesota Development Company is approximately from $39 to $50 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
FAQ 2: How much does Central Minnesota Development Company pay compared to CARES, COMMUNITY AWARENESS IN RECOGNIZING & EDUCATING ON SUICIDE?
The average annual salary at Central Minnesota Development Company is $91,776, or an hourly wage of $44, in comparison to CARES, COMMUNITY AWARENESS IN RECOGNIZING & EDUCATING ON SUICIDE which pays $81,824 per year or $39 per hour.
FAQ 3: How does experience level affect salary at Central Minnesota Development Company?
Experience level is a significant factor in determining salary at Central Minnesota Development Company, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.
FAQ 4: How can I determine if a salary offer from Central Minnesota Development Company in Minneapolis is fair given the local cost of living?
To determine if a salary offer from Central Minnesota Development Company in Minneapolis is fair, first compare the gross salary to our data for similar roles at Central Minnesota Development Company and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Minneapolis" to understand its purchasing power.
FAQ 5: Are the salaries listed for Central Minnesota Development Company on Salary.com pre-tax or after-tax?
All salary figures displayed for Central Minnesota Development Company, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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