Financial Advisor Salary in Mitchell, South Dakota
The median financial advisor salary in Mitchell, SD is $78,220 per year, which is 18% below the national median and 6.8% below the South Dakota state average.
Financial Advisor Salary in Mitchell by Experience
In Mitchell, an entry-level financial advisor earns around $39,360, while experienced professionals earn up to $147,600 per year. The local cost of living index is 82% of the national average.
Salary Percentiles in Mitchell, SD
| Percentile | Mitchell |
|---|---|
| 10th Percentile | $36,408 |
| 25th Percentile | $51,168 |
| Median (50th) | $78,220 |
| 75th Percentile | $122,180 |
| 90th Percentile | $195,980 |
Financial Advisor Salary in Other South Dakota Cities
How to Become a Financial Advisor in Mitchell
Education
Most financial advisor positions require a bachelor's degree. Mitchell and the surrounding South Dakota area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Mitchell may vary based on local industry and population growth.