Business & Finance Sioux Falls, SD Pop. 192,517

Financial Advisor Salary in Sioux Falls, South Dakota

The median financial advisor salary in Sioux Falls, SD is $87,759 per year, which is 8% below the national median and 4.5% above the South Dakota state average.

City Median
$87,759
vs State Avg
+$3,816
vs National
$-7,631
Cost of Living
92%

Financial Advisor Salary in Sioux Falls by Experience

In Sioux Falls, an entry-level financial advisor earns around $44,160, while experienced professionals earn up to $165,600 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$44,160
$-3,840 vs national
Mid Level (3-7 yrs)
$87,400
$-7,600 vs national
Senior Level (8+ yrs)
$165,600
$-14,400 vs national

Salary Percentiles in Sioux Falls, SD

Percentile Sioux Falls
10th Percentile $40,848
25th Percentile $57,408
Median (50th) $87,759
75th Percentile $137,080
90th Percentile $219,880

Financial Advisor Salary in Other South Dakota Cities

Rapid City, SD
$85,851
Pop. 74,703
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 Sioux Falls

Education

Most financial advisor positions require a bachelor's degree. Sioux Falls 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 Sioux Falls may vary based on local industry and population growth.

Find Financial Advisor Jobs in Sioux Falls

Browse open financial advisor positions in Sioux Falls, SD:

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Frequently Asked Questions: Financial Advisor Salary in Sioux Falls

How much does a Financial Advisor make in Sioux Falls, SD? ▼
The median financial advisor salary in Sioux Falls, South Dakota is $87,759 per year, which is 8% below the national median of $95,390. Salaries range from $40,848 (10th percentile) to $219,880 (90th percentile).
How much does a Financial Advisor make per hour in Sioux Falls? ▼
Based on the median annual salary of $87,759, a financial advisor in Sioux Falls earns approximately $42 per hour assuming a standard 2,080-hour work year.
How does Sioux Falls compare to the South Dakota state average for financial advisor pay? ▼
Sioux Falls's median financial advisor salary of $87,759 is 4.5% above the South Dakota state average of $83,943. The local cost of living index is 92% of the national average.
What is the cost of living in Sioux Falls, SD? ▼
Sioux Falls has a cost of living index of 92% compared to the national average. This means a financial advisor salary of $87,759 in Sioux Falls has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Sioux Falls? ▼
Most financial advisor positions in Sioux Falls 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.