Senior Risk Model Developer.
Minneapolis.
$204,000
median salary, 3% above the national average
$159,000 to $265,000. Last updated April 2026.
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Data points to own the conversation.
A Senior Risk Model Developer in Minneapolis earns a median of $204,000 in 2026. That is 3% above the national average. The range runs from $159,000 to $265,000, and where you land depends on your experience, your skills, and how well you negotiate.
Salary range
Where do you fall?
Salary by experience
The gap between entry and lead level is typically $183,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$133,000
to $163,000
Mid (3-5 yrs)
$173,000
to $214,000
Senior (6-9 yrs)
$224,000
to $265,000
Lead (10+ yrs)
$255,000
to $316,000
Salary trend
+5% YoYTotal compensation
Base salary is not the full picture. Equity, bonus, and signing can add $54,000 to the total package.
Base
$204,000
Equity
$31,000
Bonus
$19,000
Signing
$4,000
Estimated total: $258,000
How Minneapolis compares
Minneapolis, MN
$204,000
Cost of living: 5% above average
National Average
$198,000
Minneapolis is $6,000 above
Senior Risk Model Developer salary by city
Salary by role in Minneapolis
What you should know
Minneapolis is a Fortune 500 powerhouse with Target, UnitedHealth Group, Best Buy, and 3M headquartered in the metro. The city's strong corporate base creates consistent demand across finance, healthcare, retail tech, and supply chain roles. Quality of life is high, and employers offer competitive salaries to offset the cold winters. That is the backdrop for every Senior Risk Model Developer offer you will see here.
One thing people overlook: taxes. Minnesota's top income tax rate is 9.85%, one of the highest state rates. There is no city income tax in Minneapolis, but the state burden significantly reduces take home pay. The salary on the offer letter is not the salary in your bank account. Always model your take home before you accept.
On negotiation: Emphasize retention risk when negotiating. Minneapolis employers know that remote opportunities from warmer, lower tax states are a constant competitive threat. The range for Senior Risk Model Developers in Minneapolis runs from $159,000 to $265,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Sources: SEC filings, H-1B LCA (DOL), BLS OES, 50+ job posting platforms. COL: BEA Regional Price Parities (2025). Data verified by Justin Bartak, Founder & Chief AI Officer. Last verified April 8, 2026. Full methodology
Considering a related role?
- A AI Infrastructure Engineer in Minneapolis earns $203,000 (0% more)
- The highest-paying role in Minneapolis is Principal Quantitative Researcher at $364,000
Common questions.
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