Nurse Anesthetist Salary in Elk River, MN: $240,192 (2026)
Quick Answer:A full-time nurse anesthetist in Elk River, MN earns a median $240,192/year (≈ $115.48/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1151). Once you factor in Elk River's price level (1% below national, BEA RPP 98.5), that paycheck buys what $243,850 would nationally. Nominal pay sits 2.0% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, the nurse anesthetist salary in Elk River is projected to hit a median of $240,192, slightly below the national median of $248,893. Salaries in this specialty can vary significantly, with a range expected to fall between $170,047 at the 10th percentile and $345,232 at the 90th percentile. These figures arise from 2025 BLS estimates, adjusted for regional cost factors in Minnesota. Many nurse anesthetists in Elk River choose between employment in W-2 hospital settings or operating as independent contractors in 1099 group practices, a decision that can significantly influence their earning potential and work-life balance in the local job market.
About the Elk River Market
Salary estimated from Minnesota average ($240,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $170,047 | $81.75 |
| Lower Range (P25) | $216,855 | $104.25 |
| Median (P50)(typical) | $240,192 | $115.48 |
| Upper Range (P75) | $287,808 | $138.37 |
| Top Earners (P90) | $345,232 | $165.97 |
Median Salary Position
3.5% below the national average
2026 Salary Percentile Distribution in Elk River
In Elk River, MN, the nurse anesthetist salary spread from the 10th to 90th percentile is $175,185 (2026 est.). At $240,192, the local median is 3.5% below the national median of $248,893.
Salary Calculator
At 40 hours/week in Elk River: You'd be in the lower-middle range
How Elk River Nurse Anesthetist Pay Compares
Elk River median: $240,192/year (2026)
| Compared To | Median Salary | Elk River Pays |
|---|---|---|
| Minnesota Average | $245,093 | -2.00% less |
| National Average | $248,893 | -3.50% less |
Nurse Anesthetists in Elk River, MN earn a median of $240,192 per year (2026 est.), which is 3.50% lower than the national median of $248,893 and 2.00% below the Minnesota state average of $245,093.
Cost-of-Living Adjusted Salary
Elk River 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.
Elk River, MN has a cost-of-living index of 98.5 (below the national average of 100). A nurse anesthetist earning $240,192 nominally has purchasing power equivalent to $243,850 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$168,679
2025 BLS Actual
$228,319
2026 Current Est.
$240,192
2019–2027 Growth
+49.8%
Salary Trajectory for Nurse Anesthetists in Elk River (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 5.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $168,679 | Actual |
| 2020 | $177,162 | Actual |
| 2021 | $188,772 | Actual |
| 2022 | $195,990 | Actual |
| 2023 | $205,216 | Actual |
| 2024 | $231,610 | Actual |
| 2025 | $228,319 | Actual |
| 2026(current) | $240,192 | Estimated |
| 2027 | $252,682 | Projected |
Based on 7 years of BLS OEWS data for the Elk River metropolitan area, the median nurse anesthetist salary grew 35.4% from $168,679 (2019) to $228,319 (2025). At a 5.20% compound annual growth rate, salaries are projected to reach $252,682 by 2027 — a total increase of $84,003 (49.80%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Elk River 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 5.20% 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) | $170,047 – $216,855 |
| 3-5 years (Mid Career) | $216,855 – $240,192 |
| 5+ years (Experienced) | $240,192 – $287,808 |
| 10+ years (Top Earner) | $287,808 – $345,232 |
CRNA salary ranges estimated from BLS percentile data. Individual nurse anesthetist compensation varies by employer, certifications, and specialization.
Nurse Anesthetist Job Market in Elk River
Currently, Elk River is home to a small cohort of only four practicing nurse anesthetists, highlighting a niche but vital workforce. The cost of living in Elk River is relatively manageable, with a cost-of-living index of 98.5, allowing residents to stretch their income further compared to national averages. Among local employers, hospitals and ambulatory surgery centers tend to provide the most competitive compensation packages; however, CRNA-owned group practices are increasingly offering attractive partnership tracks that can optimize earnings through profit sharing and efficiency bonuses. The pay differential can often be attributed to varying call coverage expectations, OR productivity incentives, and the differences in tax structures between W-2 and 1099 positions. For those looking to maximize their pay in the Elk River market, seeking opportunities that offer not just high base salaries but also solid benefits and potential bonuses is advisable.
More salary data for Elk River, MN:
Frequently Asked Questions
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Written by Alexandra Johnson, MSN, CRNA
Career Analyst
Alexandra Johnson has 10 years of experience as a nurse anesthetist. She specializes in anesthesia for orthopedic surgeries. She works in a regional medical center.
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 $228,319 for nurse anesthetistsin the Elk River metropolitan area. A 5.20% 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 Elk River 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 5.20%, derived from historical BLS wage trends for nurse anesthetists (SOC 29-1151).
Compiled and verified by Alexandra Johnson, MSN, CRNA, a licensed nurse anesthetist with 10+ years of clinical experience. · View source data at BLS.gov