Financial Advisor Salary in South Dakota
The median financial advisor salary in South Dakota is $83,943 per year, which is 12% below the national median of $95,390.
Financial Advisor Salary in South Dakota by Experience
In South Dakota, an entry-level financial advisor earns around $42,240, while experienced professionals earn up to $158,400 per year. The cost of living index in South Dakota is 88% of the national average.
Salary Percentiles in South Dakota
| Percentile | SD Salary |
|---|---|
| 10th Percentile | $39,072 |
| 25th Percentile | $54,912 |
| Median (50th) | $83,943 |
| 75th Percentile | $131,120 |
| 90th Percentile | $210,320 |
Major Cities for Financial Advisors in South Dakota
The largest employment areas for financial advisors in South Dakota include Sioux Falls, Rapid City, Aberdeen, and Brookings. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Financial Advisor in South Dakota
Education
Most financial advisor positions require a bachelor's degree. South Dakota has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in South Dakota
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). South Dakota's demand may vary based on local industry trends.