UMD Center for Economic Development Salary

UMD Center for Economic Development Salary

How much does the UMD Center for Economic Development Pay for employees?

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As of August 2026, the average hourly salary for employees at UMD Center for Economic Development in the United States is $42. This translates to an approximate annual wage of $87,010. Salaries at UMD Center for Economic Development typically range from $37 to $48 hourly, reflecting the diverse roles and experience levels within the company. UMD Center for Economic Development’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.
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Current Job Openings at UMD Center for Economic Development

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Is UMD Center for Economic Development’s Pay Competitive? Salary Benchmarking Analysis

How does UMD Center for Economic Development’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
UMD Center for Economic Development
Edu., Gov't. & Nonprofit
K - 9 College Inc
Greater Kansas City Community Foundation
Industry Comparison
Our data shows that, on average, compensation at UMD Center for Economic Development is below the average for the U.S. Edu., Gov't. & Nonprofit industry by approximately 25%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared UMD Center for Economic Development average annual salary with several similar companies. UMD Center for Economic Development average salary of $87,010 is higher than K - 9 College Inc, which has an average salary of $85,829. It is lower than Greater Kansas City Community Foundation, with their average salary at $89,236. This places UMD Center for Economic Development in a mid-range position among its peers.
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Companies Similar to UMD Center for Economic Development and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at UMD Center for Economic Development. Click a company name to learn more.

Employee Reviews: Working at UMD Center for Economic Development

Considering a career at UMD Center for Economic Development? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The environment is organized and consistent. An ideal blend of professionalism and empathy. The company emphasizes continuous learning and professional development, providing access to training and mentorship. Employee wellness and work-life balance are prioritized. Colleagues are passionate professionals who collaborate generously.
Commented in March 12, 2025
23
0
Employees have access to ongoing training, career advancement, and wellness programs, which help maintain a healthy work-life balance and a motivated, engaged workforce. Despite serving thousands of students, it maintains a personal touch. I’ve always appreciated their thoughtful approach to collaboration and public service. A great option for those who value security and service. Clear communicat...
Commented in February 01, 2025
26
3
Performance feedback is minimal, and career progression can take time. Experiences vary depending on the team handling specific issues. Mediated interdepartmental disputes fairly.
Commented in November 18, 2024
37
1
Benefits, including pension and healthcare, are excellent. They are prompt, courteous, and effective. Timely responses and knowledgeable staff made everything smooth. Advancement opportunities exist but aren't always transparent. Work-life balance is respected and valued.
Commented in February 01, 2024
17
0

UMD Center for Economic Development Overview

Website
www.umdced.com
Founded In
1986
Employees
50 - 100 employees
Industry
Edu., Gov't. & Nonprofit
Headquarter Address
11 E Superior St Duluth Minnesota MN 55802
Revenue
$5 Million - $10 Million
Phone Number
+1 2187267298
Social Media
About UMD Center for Economic Development
UMD Center for Economic Development is a company that operates in the Financial Services industry. It employs 51-100 people and has $5M-$10M of revenue. The company is headquartered in Duluth, Minnesota.

What Benefits Does UMD Center for Economic Development Offer Beyond Salary?

A competitive compensation package is more than just a salary. UMD Center for Economic Development offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Duluth?

Understanding the cost of living near Duluth is key to truly evaluating a salary offer or your current compensation at UMD Center for Economic Development.
Duluth's Cost of Living Index is approximately 93.6 (6.4% less expensive than US average; 3.6% less than MN average). Lake Superior port city, scenic, affordable housing, cold winters. DTA bus. When planning your budget based on a salary from UMD Center for Economic Development, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of UMD Center for Economic Development salary. Location choices impact this heavily.
Utilities (Basic) $140 - $250 (Heating significant) Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (DTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,560+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of UMD Center for Economic Development

1. What is the average salary for employees at UMD Center for Economic Development?

The average total compensation for employees at UMD Center for Economic Development is approximately $42 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $37 to $48 per hour, depending on factors like job role, experience, and location.

2. How much does UMD Center for Economic Development pay compared to K - 9 College Inc?

The average annual salary at UMD Center for Economic Development is $87,010, or an hourly wage of $42, in comparison to K - 9 College Inc which pays $85,829 per year or $41 per hour.

3. How does having a professional certification impact salary for relevant roles at UMD Center for Economic Development?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at UMD Center for Economic Development for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does UMD Center for Economic Development offer cost-of-living adjustments (COLA) for employees in high-cost areas like Duluth?

While some companies offer formal COLA, many, including potentially UMD Center for Economic Development, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at UMD Center for Economic Development?

Most companies, likely including UMD Center for Economic Development, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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