Business & Finance Rapid City, SD Pop. 74,703

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.

City Median
$85,851
vs State Avg
+$1,908
vs National
$-9,539
Cost of Living
90%

Financial Advisor Pay in Rapid City: What to Expect (2026)

Rapid City offers a median financial advisor salary of $85,851, which is $1,908 above the South Dakota state average of $83,943. Compared to the national median of $95,390, Rapid City pays below the national benchmark for this role.

Rapid City's cost of living is 90% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for financial advisors in Rapid City spans from $39,960 at the 10th percentile to $215,100 at the 90th percentile — a $175,140 spread. Entry-level professionals start around $43,200, while senior financial advisors with 8+ years of experience can earn up to $162,000. Rapid City is a smaller market (pop. 74,703), which may mean fewer openings but also less competition for available positions.

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.

Entry Level (0-2 yrs)
$43,200
$-4,800 vs national
Mid Level (3-7 yrs)
$85,500
$-9,500 vs national
Senior Level (8+ yrs)
$162,000
$-18,000 vs national

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

Sioux Falls, SD
$87,759
Pop. 192,517
Brookings, SD
$82,035
Pop. 24,194
Aberdeen, SD
$80,128
Pop. 28,324
Mitchell, SD
$78,220
Pop. 15,660

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

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 Rapid City may vary based on local industry and population growth.

Find Financial Advisor Jobs in Rapid City

Browse open financial advisor positions in Rapid City, SD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Rapid City

How much does a Financial Advisor make in Rapid City, SD? ▼
The median financial advisor salary in Rapid City, South Dakota is $85,851 per year, which is 10% below the national median of $95,390. Salaries range from $39,960 (10th percentile) to $215,100 (90th percentile).
How much does a Financial Advisor make per hour in Rapid City? ▼
Based on the median annual salary of $85,851, a financial advisor in Rapid City earns approximately $41 per hour assuming a standard 2,080-hour work year.
How does Rapid City compare to the South Dakota state average for financial advisor pay? ▼
Rapid City's median financial advisor salary of $85,851 is 2.3% above the South Dakota state average of $83,943. The local cost of living index is 90% of the national average.
What is the cost of living in Rapid City, SD? ▼
Rapid City has a cost of living index of 90% compared to the national average. This means a financial advisor salary of $85,851 in Rapid City has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Rapid City? ▼
Most financial advisor positions in Rapid City 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.