Physician Assistant Salary in Lakeville, MN: $139,419 (2026)
Quick Answer:A full-time physician assistant in Lakeville, MN earns a median $139,419/year (≈ $67.02/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1071). Once you factor in Lakeville's price level (1% below national, BEA RPP 98.5), that paycheck buys what $141,542 would nationally. Nominal pay sits 1.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Lakeville, Minnesota, the compensation structure for physician assistants varies significantly between employment models, particularly between W-2 hospital positions and 1099 surgical practice arrangements. For 2026, the median annual salary is projected at $139,419, which positions Lakeville's earnings slightly below the national median of $140,391. The local salary range extends from $106,224 at the 10th percentile to $201,493 at the 90th percentile, illustrating the opportunities for substantial variations in pay based on experience, specialty, and practice setting. These estimates, derived from 2025 BLS data, provide insight into a job market where surgical specialties tend to offer higher wages, critical for both aspiring and current physician assistants considering their career paths in the area.
About the Lakeville Market
Salary estimated from Minnesota average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $106,224 | $51.07 |
| Lower Range (P25) | $126,068 | $60.61 |
| Median (P50)(typical) | $139,419 | $67.02 |
| Upper Range (P75) | $164,576 | $79.12 |
| Top Earners (P90) | $201,493 | $96.87 |
Median Salary Position
0.69% below the national average
2026 Salary Percentile Distribution in Lakeville
In Lakeville, MN, the physician assistant salary spread from the 10th to 90th percentile is $95,269 (2026 est.). At $139,419, the local median is 0.69% below the national median of $140,391.
Salary Calculator
At 40 hours/week in Lakeville: You'd be in the lower-middle range
How Lakeville Physician Assistant Pay Compares
Lakeville median: $139,419/year (2026)
| Compared To | Median Salary | Lakeville Pays |
|---|---|---|
| Minnesota Average | $141,830 | -1.70% less |
| National Average | $140,391 | -0.69% less |
Physician Assistants in Lakeville, MN earn a median of $139,419 per year (2026 est.), which is 0.69% lower than the national median of $140,391 and 1.70% below the Minnesota state average of $141,830.
Cost-of-Living Adjusted Salary
Lakeville 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.
Lakeville, MN has a cost-of-living index of 98.5 (below the national average of 100). A physician assistant earning $139,419 nominally has purchasing power equivalent to $141,542 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$111,483
2025 BLS Actual
$134,939
2026 Current Est.
$139,419
2019–2027 Growth
+29.2%
Salary Trajectory for Physician Assistants in Lakeville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.32% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $111,483 | Actual |
| 2020 | $114,591 | Actual |
| 2021 | $120,688 | Actual |
| 2022 | $125,137 | Actual |
| 2023 | $129,120 | Actual |
| 2024 | $125,811 | Actual |
| 2025 | $134,939 | Actual |
| 2026(current) | $139,419 | Estimated |
| 2027 | $144,048 | Projected |
Based on 7 years of BLS OEWS data for the Lakeville metropolitan area, the median physician assistant salary grew 21.0% from $111,483 (2019) to $134,939 (2025). At a 3.32% compound annual growth rate, salaries are projected to reach $144,048 by 2027 — a total increase of $32,565 (29.21%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lakeville 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 3.32% 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) | $106,224 – $126,068 |
| 3-5 years (Mid Career) | $126,068 – $139,419 |
| 5+ years (Experienced) | $139,419 – $164,576 |
| 10+ years (Top Earner) | $164,576 – $201,493 |
PA salary ranges estimated from BLS percentile data. Individual physician assistant compensation varies by employer, certifications, and specialization.
Physician Assistant Job Market in Lakeville
Analyzing the local job market reveals that there are currently 15 physician assistants employed in Lakeville, necessitating a keen awareness of the cost of living, which sits at an index of 98.5. This relatively favorable cost of living can enhance purchasing power despite salaries that might appear lower compared to national figures. Leading employers in the area typically include hospital systems and surgical specialty practices, especially those focusing on orthopedics and cardiothoracic surgery, where first-assist responsibilities can command higher compensation. The factors driving the salary range include variances in practice specialty, case volume, call coverage, and reimbursement models. Aspiring physician assistants in Lakeville should focus on gaining experience in more lucrative specialties while considering employment in settings that offer RVU productivity bonuses, which can significantly boost overall earnings in this dynamic job market.
More salary data for Lakeville, MN:
Frequently Asked Questions
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Written by Jessica Tran, MPAS, PA-C
Career Analyst
Jessica has 10 years of experience as a physician assistant. Her specialty is cardiology in an outpatient setting.
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 $134,939 for physician assistantsin the Lakeville metropolitan area. A 3.32% 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 Lakeville 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 3.32%, derived from historical BLS wage trends for physician assistants (SOC 29-1071).
Compiled and verified by Jessica Tran, MPAS, PA-C, a licensed physician assistant with 10+ years of clinical experience. · View source data at BLS.gov