Business & Finance Brookings, SD Pop. 24,194

Financial Advisor Salary in Brookings, South Dakota

The median financial advisor salary in Brookings, SD is $82,035 per year, which is 14% below the national median and 2.3% below the South Dakota state average.

City Median
$82,035
vs State Avg
$-1,908
vs National
$-13,355
Cost of Living
86%

Financial Advisor Salary in Brookings by Experience

In Brookings, an entry-level financial advisor earns around $41,280, while experienced professionals earn up to $154,800 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$41,280
$-6,720 vs national
Mid Level (3-7 yrs)
$81,700
$-13,300 vs national
Senior Level (8+ yrs)
$154,800
$-25,200 vs national

Salary Percentiles in Brookings, SD

Percentile Brookings
10th Percentile $38,184
25th Percentile $53,664
Median (50th) $82,035
75th Percentile $128,140
90th Percentile $205,540

Financial Advisor Salary in Other South Dakota Cities

Sioux Falls, SD
$87,759
Pop. 192,517
Rapid City, SD
$85,851
Pop. 74,703
Aberdeen, SD
$80,128
Pop. 28,324
Mitchell, SD
$78,220
Pop. 15,660

How to Become a Financial Advisor in Brookings

Education

Most financial advisor positions require a bachelor's degree. Brookings and the surrounding South Dakota area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Brookings may vary based on local industry and population growth.

Find Financial Advisor Jobs in Brookings

Browse open financial advisor positions in Brookings, SD:

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Frequently Asked Questions: Financial Advisor Salary in Brookings

How much does a Financial Advisor make in Brookings, SD? ▼
The median financial advisor salary in Brookings, South Dakota is $82,035 per year, which is 14% below the national median of $95,390. Salaries range from $38,184 (10th percentile) to $205,540 (90th percentile).
How much does a Financial Advisor make per hour in Brookings? ▼
Based on the median annual salary of $82,035, a financial advisor in Brookings earns approximately $39 per hour assuming a standard 2,080-hour work year.
How does Brookings compare to the South Dakota state average for financial advisor pay? ▼
Brookings's median financial advisor salary of $82,035 is 2.3% below the South Dakota state average of $83,943. The local cost of living index is 86% of the national average.
What is the cost of living in Brookings, SD? ▼
Brookings has a cost of living index of 86% compared to the national average. This means a financial advisor salary of $82,035 in Brookings has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Brookings? ▼
Most financial advisor positions in Brookings require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.