Business & Finance South Dakota (SD) Rank #43 of 50

Economist Salary in South Dakota

The median economist salary in South Dakota is $100,267 per year, which is 12% below the national median of $113,940.

Median Salary
$100,267
vs National
$-13,673
State Rank
#43 of 50
Cost of Living
88%

Economist Salary Overview in South Dakota (2026)

South Dakota ranks #43 out of 50 states for economist compensation. Economist salaries in South Dakota are below the national median, though the lower cost of living can offset the difference. At $100,267 per year, economists in South Dakota earn $13,673 less than the national median of $113,940.

A key advantage of working in South Dakota is its below-average cost of living (88% of the national index). This means the $100,267 salary has the purchasing power of roughly $113,940 in an average-cost area.

The salary spread in South Dakota is significant: economists at the 10th percentile earn $54,560, while those at the 90th percentile bring home $174,240 — a $119,680 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in South Dakota for this role is Sioux Falls, where the median reaches $104,825.

Nationally, economist employment is projected to grow 6% over the next decade (faster than average). This steady growth indicates stable demand for economists across the country.

Economist Salary in South Dakota by Experience

In South Dakota, an entry-level economist earns around $57,200, while experienced professionals earn up to $162,800 per year. The cost of living index in South Dakota is 88% of the national average.

Entry Level (0-2 yrs)
$57,200
$-7,800 vs national
Mid Level (3-7 yrs)
$101,200
$-13,800 vs national
Senior Level (8+ yrs)
$162,800
$-22,200 vs national

You May Qualify for Premium Rewards

Professionals earning $100,267+ often qualify for premium rewards cards with $500+ signup bonuses and 2–5% cashback on every purchase.

View Offers You Qualify For →

Salary Percentiles in South Dakota

Percentile SD Salary
10th Percentile $54,560
25th Percentile $72,160
Median (50th) $100,267
75th Percentile $136,400
90th Percentile $174,240

Economist Salary by City in South Dakota

The largest employment areas for economists in South Dakota include Sioux Falls, Rapid City, Aberdeen, and Brookings. Salaries vary by city based on local cost of living and demand.

How to Become a Economist in South Dakota

Education

Most economist positions require a master's degree. South Dakota has several accredited institutions offering relevant programs.

Key Skills

EconometricsStatistical AnalysisR/PythonEconomic ModelingResearch MethodsPolicy Analysis

Job Outlook in South Dakota

Nationally, economist employment is projected to grow 6% over the next decade (faster than average). South Dakota's demand may vary based on local industry trends.

Negotiate Your Way to Senior Pay

Data shows Economists who negotiate earn 7–15% more. A single negotiation could add $62,533 over your career trajectory.

Get Negotiation Scripts — $197 →

Open to Economist Roles in South Dakota?

Get matched with recruiters hiring economists in South Dakota at competitive salaries.

Or browse positions directly:

Frequently Asked Questions: Economist Salary in South Dakota

How much does a Economist make in South Dakota? ▼
The median economist salary in South Dakota is $100,267 per year, which is 12% below the national median of $113,940. Salaries range from $54,560 (10th percentile) to $174,240 (90th percentile).
How much does a Economist make per hour in South Dakota? ▼
Based on the median annual salary of $100,267, a economist in South Dakota earns approximately $48 per hour assuming a standard 2,080-hour work year.
Is South Dakota a good state for economists? ▼
South Dakota ranks #43 out of 50 states for economist pay. The cost of living index is 88% of the national average. Entry-level economists earn $57,200, while senior professionals earn $162,800.
How does South Dakota compare to other states for economist salary? ▼
The highest paying state for economists is Hawaii at $193,698. South Dakota's median of $100,267 ranks #43 nationally. Nearby-ranked states include Tennessee ($101,407) and Missouri ($100,267).
What is the entry-level economist salary in South Dakota? ▼
An entry-level economist in South Dakota earns approximately $57,200 per year. With 3-7 years of experience, pay increases to around $101,200. Senior-level professionals with 8+ years earn up to $162,800.
What city in South Dakota pays economists the most? ▼
Sioux Falls is the highest paying city in South Dakota for economists, with a median salary of $104,825. Other cities include Rapid City and Aberdeen.