Business & Finance Mitchell, SD Pop. 15,660

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.

City Median
$78,220
vs State Avg
$-5,723
vs National
$-17,170
Cost of Living
82%

Financial Advisor Pay in Mitchell: What to Expect (2026)

Mitchell offers a median financial advisor salary of $78,220, which is $5,723 below the South Dakota state average of $83,943. Compared to the national median of $95,390, Mitchell pays below the national benchmark for this role.

One of Mitchell's biggest advantages is its low cost of living at 82% of the national average. This means the $78,220 salary stretches further here — equivalent to roughly $95,390 in an average-cost city. This makes Mitchell an attractive option for financial advisors seeking strong real-dollar compensation.

The salary range for financial advisors in Mitchell spans from $36,408 at the 10th percentile to $195,980 at the 90th percentile — a $159,572 spread. Entry-level professionals start around $39,360, while senior financial advisors with 8+ years of experience can earn up to $147,600. Mitchell is a smaller market (pop. 15,660), which may mean fewer openings but also less competition for available positions.

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.

Entry Level (0-2 yrs)
$39,360
$-8,640 vs national
Mid Level (3-7 yrs)
$77,900
$-17,100 vs national
Senior Level (8+ yrs)
$147,600
$-32,400 vs national

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

Sioux Falls, SD
$87,759
Pop. 192,517
Rapid City, SD
$85,851
Pop. 74,703
Brookings, SD
$82,035
Pop. 24,194
Aberdeen, SD
$80,128
Pop. 28,324

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

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 Mitchell may vary based on local industry and population growth.

Find Financial Advisor Jobs in Mitchell

Browse open financial advisor positions in Mitchell, SD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Mitchell

How much does a Financial Advisor make in Mitchell, SD? ▼
The median financial advisor salary in Mitchell, South Dakota is $78,220 per year, which is 18% below the national median of $95,390. Salaries range from $36,408 (10th percentile) to $195,980 (90th percentile).
How much does a Financial Advisor make per hour in Mitchell? ▼
Based on the median annual salary of $78,220, a financial advisor in Mitchell earns approximately $38 per hour assuming a standard 2,080-hour work year.
How does Mitchell compare to the South Dakota state average for financial advisor pay? ▼
Mitchell's median financial advisor salary of $78,220 is 6.8% below the South Dakota state average of $83,943. The local cost of living index is 82% of the national average.
What is the cost of living in Mitchell, SD? ▼
Mitchell has a cost of living index of 82% compared to the national average. This means a financial advisor salary of $78,220 in Mitchell has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Mitchell? ▼
Most financial advisor positions in Mitchell 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.