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Corporate Counsel Salary in Minneapolis, MN

How much does a corporate counsel make in Minneapolis? Explore median, entry-level, and senior salaries adjusted for Minneapolis's cost of living.

Median Salary
$150,110
per year in Minneapolis
Entry Level
$82,318
Starting salary
Senior Level
$251,797
Experienced professionals
Cost of Living
110
10% above national avg

Salary Breakdown by Experience Level

See how corporate counsel salaries break down across different pay periods in Minneapolis.

PeriodEntry LevelMedianSenior
Annual$82,318$150,110$251,797
Monthly$6,860$12,509$20,983
Biweekly$3,166$5,773$9,685
Weekly$1,583$2,887$4,842
Hourly$40$72$121

Minneapolis vs National Average

How Minneapolis's corporate counsel salaries compare to national figures.

Minneapolis Salary
$150,110
COL Index: 110
National Average
$125,270
COL Index: 100
Difference
+$24,840
Higher in Minneapolis

Cost of Living in Minneapolis

1-Bedroom Rent
$1,550
per month
Median Income
$62,456
per year
Population
429,954
residents
Rent % of Income
29.8%
median household
Cost of Living Index: 110 — A score of 100 represents the U.S. average. Salaries in Minneapolis have been adjusted to account for local cost differences.

About Corporate Counsel

Overview

Provide legal advice and representation for corporations.

Education

Juris Doctor (JD) and Bar license; corporate experience required

Key Skills

Corporate LawLegal CounselNegotiationRisk Management

Growth Rate

Expected job growth: +17% over the next decade

Compare Cities: Corporate Counsel Salary

See Corporate Counsel salaries in other top cities.

New York, NY
$203,450
+36%
Los Angeles, CA
$205,900
+37%
Chicago, IL
$166,090
+11%
Houston, TX
$139,460
-7%
Phoenix, AZ
$135,600
-10%

Financial Tools to Explore

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Corporate Counsel Salary in Minneapolis, MN — Complete Guide

Median Salary Overview

The median salary for a corporate counsel in Minneapolis, MN is $150,110 per year, adjusted for the local cost of living index of 110. This figure reflects typical earnings for experienced professionals in this role, considering Minneapolis's unique economic conditions.

Salary Range and Experience Levels

Entry-level corporate counsel professionals in Minneapolis can expect to earn around $82,318 annually. As professionals gain experience, salaries typically increase, with senior-level corporate counsels earning approximately $251,797 per year. This represents a 206% increase from entry to senior level.

Cost of Living Adjustment

Minneapolis's cost of living index of 110 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Minneapolis are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $125,270, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a corporate counsel's salary in Minneapolis typically goes toward housing. With a 1-bedroom apartment averaging $1,550 per month, housing represents about 12.4% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Corporate Counsels are in growing demand across the United States, with an expected job growth of 17% over the next decade. In Minneapolis, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.