Nurse Practitioner Salary in Faribault, MN: $130,331 (2026)
Quick Answer:A full-time nurse practitioner in Faribault, MN earns a median $130,331/year (≈ $62.66/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1171). Once you factor in Faribault's price level (1% below national, BEA RPP 98.5), that paycheck buys what $132,316 would nationally. Nominal pay sits 5.5% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Faribault, MN, nurse practitioners can expect a median annual salary of $130,331 in 2026, which reflects a slight disadvantage compared to the national median of $136,864. Salary estimates project a comprehensive range from $102,255 at the 10th percentile to $165,680 at the 90th percentile. These figures are informed by 2025 BLS OEWS data projected for 2026 and adjusted for regional cost variations. Minnesota stands as a full-practice state for nurse practitioners, allowing them to operate independently without physician collaboration agreements, which can significantly impact earning potential and job satisfaction. In this local market, job opportunities are expected to grow in the coming years, leading to a greater demand for skilled nurse practitioners.
About the Faribault Market
Salary estimated from Minnesota average ($138,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $102,255 | $49.16 |
| Lower Range (P25) | $116,009 | $55.77 |
| Median (P50)(typical) | $130,331 | $62.66 |
| Upper Range (P75) | $153,190 | $73.65 |
| Top Earners (P90) | $165,680 | $79.66 |
Median Salary Position
4.77% below the national average
2026 Salary Percentile Distribution in Faribault
In Faribault, MN, the nurse practitioner salary spread from the 10th to 90th percentile is $63,425 (2026 est.). At $130,331, the local median is 4.77% below the national median of $136,864.
Salary Calculator
At 40 hours/week in Faribault: You'd be in the lower-middle range
How Faribault Nurse Practitioner Pay Compares
Faribault median: $130,331/year (2026)
| Compared To | Median Salary | Faribault Pays |
|---|---|---|
| Minnesota Average | $137,917 | -5.50% less |
| National Average | $136,864 | -4.77% less |
Nurse Practitioners in Faribault, MN earn a median of $130,331 per year (2026 est.), which is 4.77% lower than the national median of $136,864 and 5.50% below the Minnesota state average of $137,917.
Cost-of-Living Adjusted Salary
Faribault has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Faribault, MN has a cost-of-living index of 98.5 (below the national average of 100). A nurse practitioner earning $130,331 nominally has purchasing power equivalent to $132,316 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$104,578
2025 BLS Actual
$125,985
2026 Current Est.
$130,331
2019–2027 Growth
+28.9%
Salary Trajectory for Nurse Practitioners in Faribault (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.45% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $104,578 | Actual |
| 2020 | $106,349 | Actual |
| 2021 | $114,920 | Actual |
| 2022 | $115,805 | Actual |
| 2023 | $120,233 | Actual |
| 2024 | $128,403 | Actual |
| 2025 | $125,985 | Actual |
| 2026(current) | $130,331 | Estimated |
| 2027 | $134,828 | Projected |
Based on 7 years of BLS OEWS data for the Faribault metropolitan area, the median nurse practitioner salary grew 20.5% from $104,578 (2019) to $125,985 (2025). At a 3.45% compound annual growth rate, salaries are projected to reach $134,828 by 2027 — a total increase of $30,250 (28.93%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Faribault metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.45% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $102,255 – $116,009 |
| 3-5 years (Mid Career) | $116,009 – $130,331 |
| 5+ years (Experienced) | $130,331 – $153,190 |
| 10+ years (Top Earner) | $153,190 – $165,680 |
NP salary ranges estimated from BLS percentile data. Individual nurse practitioner compensation varies by employer, certifications, and specialization.
Nurse Practitioner Job Market in Faribault
The job market in Faribault currently employs six nurse practitioners, highlighting a tight yet potentially lucrative landscape for professionals in this field. With a cost of living index of 98.5, the take-home purchasing power for nurse practitioners is favorably positioned compared to the national average, enhancing their quality of life despite relatively lower salaries. Among local employers, hospital outpatient clinics typically offer the most competitive salaries, followed closely by specialty clinics that address high-demand services. Pay disparities stem from factors such as patient population focus, productivity bonuses, and the extent of practice authority allowed by state regulations. To maximize earning potential, new nurse practitioners should consider pursuing specializations like Psychiatric-Mental Health Nurse Practitioner (PMHNP), engaging in telehealth platforms for supplementary income, and actively seeking positions in settings that provide higher remuneration based on their skill set and experience.
More salary data for Faribault, MN:
Frequently Asked Questions
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Written by Maria Gonzalez, MSN, NP-C
Career Analyst
Maria has 10 years of experience in adult healthcare. She works in a community health clinic. Her specialty is chronic disease management.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $125,985 for nurse practitionersin the Faribault metropolitan area. A 3.45% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Faribault is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.45%, derived from historical BLS wage trends for nurse practitioners (SOC 29-1171).
Compiled and verified by Maria Gonzalez, MSN, NP-C, a licensed nurse practitioner with 10+ years of clinical experience. · View source data at BLS.gov