Entry-Level Nurse Practitioner Salary in Faribault, MN: $102,255 (2026)
Quick Answer:New nurse practitioners entering the Faribault, MN job market in 2026 can expect a starting salary around $102,255 (BLS 10th-percentile benchmark for SOC 29-1171, projected from 2025 OEWS data). Stripping out Faribault's local price level (BEA RPP 98.5 — 1% below national), a first-year paycheck buys what $103,812 would in average-cost America. Most reach the city median ($130,331) within a few years of clinical practice.
Based on BLS state-level estimates · View source
For new nurse practitioners in Faribault, MN, the starting nurse practitioner salary is projected at $102,255 in 2026. This figure represents the lower end of the salary range for entry-level positions, which can reach as high as $165,680 for those with experience. Compared to the city’s median annual salary of $130,331, new graduates can anticipate a gap of around $28,076 as they embark on their careers. However, there's a positive growth trajectory for early-career nurse practitioners, as the salary typically increases from $102,255 to $116,009 within the first few years, eventually approaching the median. Given that the area is experiencing a 3.45% annual growth rate in salaries, Faribault currently presents a decent job market for new NPs looking for opportunities while establishing their practice.
About the Faribault Market
Salary estimated from Minnesota average ($138,000) adjusted for local cost of living.
Career Earnings Timeline in Faribault
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Faribault
Entry-level nurse practitioners in Faribault, MN typically start between $102,255 and $116,009 per year (2026 est.). The full salary range spans $63,425 from the 10th to 90th percentile, with the local median at $130,331 — 4.77% below the national median.
Return on Investment
The average advanced practice nursing program cost in Minnesota of $90,000 represents just 88.02% of the starting nurse practitioner pay ($102,255/year) in Faribault. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates based on CCNE- and ACEN-accredited graduate nursing programs. Tuition varies significantly between public in-state MSN programs and private DNP programs, and often requires completed BSN coursework as a prerequisite.
NP Salary Negotiation Tips for New Graduates in Faribault
- 1Research the Faribault market: entry-level nurse practitioner pay ranges from $102,255 to $116,009, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the advanced practice nursing field — employers in MN often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Faribault, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Faribault for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Faribault's moderate cost of living means your starting salary goes further here compared to many larger metro areas.
Nurse Practitioner Compensation Range
The nurse practitioner wage spread in Faribault is $63,425 ( 62.03%) between entry-level and top earners. Starting at $102,255, experienced hygienists can earn up to $165,680.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$79,406
2025 BLS Actual
$98,845
2026 Current Est.
$102,255
2019–2027 Growth
+33.2%
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 | $79,406 | Actual |
| 2020 | $80,918 | Actual |
| 2021 | $77,513 | Actual |
| 2022 | $85,190 | Actual |
| 2023 | $92,203 | Actual |
| 2024 | $99,672 | Actual |
| 2025 | $98,845 | Actual |
| 2026(current) | $102,255 | Estimated |
| 2027 | $105,783 | Projected |
Entry-level nurse practitioner compensation (10th percentile) in Faribault, MN grew 24.5% over 7 years based on actual BLS metropolitan area surveys, rising from $79,406 in 2019 to $98,845 in 2025. By 2027, starting salaries are projected to reach $105,783. New graduates entering the Faribault job market can expect continued year-over-year gains.
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.
Starting Your advanced practice nursing Career in Faribault
In Faribault, several settings tend to hire new grads, including primary care offices and urgent care chains, which often provide structured onboarding programs for fresh nurse practitioners. Larger hospital systems may offer residency or fellowship programs tailored for NPs, facilitating a smooth transition into clinical practice. To increase their starting pay, new nurse practitioners should ensure they hold an active RN license, as well as an MSN or DNP from an accredited institution. Additionally, obtaining national certification from the ANCC or AANP, along with a state NP license and prescriptive authority, can significantly enhance one's professional profile. The scope of practice varies by state, where 27 full-practice states permit NPs to operate independently, unlike others that require collaborative agreements. Over the first few years, new nurse practitioners can aim to increase their earnings substantially as they gain experience, particularly in high-demand areas such as mental health, where PMHNPs typically enjoy better pay due to surging demand in that sector.
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
Entry-level 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 10th percentile (entry-level) is used as the starting salary benchmark for new advanced practice nursing graduates. A 3.45% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Faribault. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
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