Financial Advisor Salary in Rapid City, South Dakota
The median financial advisor salary in Rapid City, SD is $85,851 per year, which is 10% below the national median and 2.3% above the South Dakota state average.
Financial Advisor Salary in Rapid City by Experience
In Rapid City, an entry-level financial advisor earns around $43,200, while experienced professionals earn up to $162,000 per year. The local cost of living index is 90% of the national average.
Salary Percentiles in Rapid City, SD
| Percentile | Rapid City |
|---|---|
| 10th Percentile | $39,960 |
| 25th Percentile | $56,160 |
| Median (50th) | $85,851 |
| 75th Percentile | $134,100 |
| 90th Percentile | $215,100 |
Financial Advisor Salary in Other South Dakota Cities
How to Become a Financial Advisor in Rapid City
Education
Most financial advisor positions require a bachelor's degree. Rapid City 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 Rapid City may vary based on local industry and population growth.