Investment Banker Salary: Minneapolis vs New York
Annual median salary comparison (2024). All figures include local currency, USD equivalent, and PPP-adjusted purchasing power.
🇺🇸 Minneapolis
United States
$216K USD
$216K USD
$216K PPP
VS
USD Difference
-16%
Minneapolis vs New York
🇺🇸 New York
United States
$256K USD
$256K USD
$256K PPP
Higher Purchasing Power
Detailed Comparison
| Metric | Minneapolis | New York | Difference |
|---|---|---|---|
| Local Currency Salary | $216K USD | $256K USD | — |
| USD Equivalent | $216K | $256K | -16% |
| PPP-Adjusted SalaryWINNER | $216K | $256K 🏆 | -16% |
| 25th Percentile | $173K USD | $205K USD | — |
| Median | $216K USD | $256K USD | — |
| 75th Percentile | $270K USD | $320K USD | — |
| Annual Mean | $233K USD | $276K USD | — |
What Does This Mean?
Minneapolis offers a Investment Banker salary of $216K USD, while New York offers $256K USD — a difference of -16% in raw terms.
After adjusting for purchasing power parity (PPP), Minneapolis's salary is worth $216K in US purchasing power terms, versus $256K for New York. This means New York offers better real purchasing power for this role.
PPP adjustment accounts for differences in local prices — for example, housing costs 3x more in San Francisco than in Warsaw, so a San Francisco salary needs to be much higher to provide an equivalent standard of living.