Physical Therapist Salary in Lakeville, MN: $100,809 (2026)
Quick Answer:A full-time physical therapist in Lakeville, MN earns a median $100,809/year (≈ $48.46/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1123). Once you factor in Lakeville's price level (1% below national, BEA RPP 98.5), that paycheck buys what $102,344 would nationally. Nominal pay sits 1.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, physical therapists in Lakeville, Minnesota, can expect a median annual salary of $100,809, which is just below the national median of $105,288. The salary range varies significantly, from $78,753 at the lower end (P10) to $137,099 at the higher end (P90), reflecting the diverse landscape of compensation within this profession. These figures are derived from 2025 BLS data, adjusted for local market conditions and cost-of-living considerations. The rise of cash-pay models within outpatient orthopedic settings is contributing to the potential for higher earnings, particularly for specialists who can command top-dollar fees for their services.
About the Lakeville Market
Salary estimated from Minnesota average ($92,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,753 | $37.86 |
| Lower Range (P25) | $86,156 | $41.42 |
| Median (P50)(typical) | $100,809 | $48.46 |
| Upper Range (P75) | $116,204 | $55.87 |
| Top Earners (P90) | $137,099 | $65.91 |
Median Salary Position
4.25% below the national average
2026 Salary Percentile Distribution in Lakeville
In Lakeville, MN, the physical therapist salary spread from the 10th to 90th percentile is $58,346 (2026 est.). At $100,809, the local median is 4.25% below the national median of $105,288.
Salary Calculator
At 40 hours/week in Lakeville: You'd be in the lower-middle range
How Lakeville Physical Therapist Pay Compares
Lakeville median: $100,809/year (2026)
| Compared To | Median Salary | Lakeville Pays |
|---|---|---|
| Minnesota Average | $102,553 | -1.70% less |
| National Average | $105,288 | -4.25% less |
Physical Therapists in Lakeville, MN earn a median of $100,809 per year (2026 est.), which is 4.25% lower than the national median of $105,288 and 1.70% below the Minnesota state average of $102,553.
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 physical therapist earning $100,809 nominally has purchasing power equivalent to $102,344 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$85,636
2025 BLS Actual
$98,389
2026 Current Est.
$100,809
2019–2027 Growth
+20.6%
Salary Trajectory for Physical Therapists in Lakeville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.46% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $85,636 | Actual |
| 2020 | $87,139 | Actual |
| 2021 | $91,553 | Actual |
| 2022 | $93,563 | Actual |
| 2023 | $95,469 | Actual |
| 2024 | $89,036 | Actual |
| 2025 | $98,389 | Actual |
| 2026(current) | $100,809 | Estimated |
| 2027 | $103,289 | Projected |
Based on 7 years of BLS OEWS data for the Lakeville metropolitan area, the median physical therapist salary grew 14.9% from $85,636 (2019) to $98,389 (2025). At a 2.46% compound annual growth rate, salaries are projected to reach $103,289 by 2027 — a total increase of $17,653 (20.61%) 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 2.46% 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) | $78,753 – $86,156 |
| 3-5 years (Mid Career) | $86,156 – $100,809 |
| 5+ years (Experienced) | $100,809 – $116,204 |
| 10+ years (Top Earner) | $116,204 – $137,099 |
PT salary ranges estimated from BLS percentile data. Individual physical therapist compensation varies by employer, certifications, and specialization.
Physical Therapist Job Market in Lakeville
As of 2026, Lakeville has 15 employed physical therapists, which signals a niche but stable market for these professionals. The local cost-of-living index stands at 98.5, suggesting that while salaries may be slightly lower than the national average, purchasing power remains competitive. Those seeking higher physical therapist pay in Lakeville, MN, might focus on outpatient orthopedic clinics, which can offer compensation packages complemented by productivity bonuses. The discrepancy in pay is influenced by several factors, including productivity expectations, specialty board certifications like OCS or SCS, and variations in practice models, particularly between cash-pay and insurance-dependent environments. To maximize earnings, therapists should consider diversifying their skills, exploring cash-pay options, and remaining aware of local demand trends that can affect their income potential.
More salary data for Lakeville, MN:
Frequently Asked Questions
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Written by Alex Morgan, DPT
Career Analyst
Alex Morgan has over 10 years of experience in physical therapy. They specialize in orthopedic rehabilitation. Alex works in a private practice 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 $98,389 for physical therapistsin the Lakeville metropolitan area. A 2.46% 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 2.46%, derived from historical BLS wage trends for physical therapists (SOC 29-1123).
Compiled and verified by Alex Morgan, DPT, a licensed physical therapist with 10+ years of clinical experience. · View source data at BLS.gov