Business & Finance South Dakota (SD) Rank #43 of 50

Real Estate Agent Salary in South Dakota

The median real estate agent salary in South Dakota is $45,786 per year, which is 12% below the national median of $52,030.

Median Salary
$45,786
vs National
$-6,244
State Rank
#43 of 50
Cost of Living
88%

Real Estate Agent Salary in South Dakota by Experience

In South Dakota, an entry-level real estate agent earns around $26,400, while experienced professionals earn up to $96,800 per year. The cost of living index in South Dakota is 88% of the national average.

Entry Level (0-2 yrs)
$26,400
$-3,600 vs national
Mid Level (3-7 yrs)
$48,400
$-6,600 vs national
Senior Level (8+ yrs)
$96,800
$-13,200 vs national

Salary Percentiles in South Dakota

Percentile SD Salary
10th Percentile $25,344
25th Percentile $31,152
Median (50th) $45,786
75th Percentile $67,056
90th Percentile $98,912

Major Cities for Real Estate Agents in South Dakota

The largest employment areas for real estate agents in South Dakota include Sioux Falls, Rapid City, Aberdeen, and Brookings. Salaries in major metro areas may be higher due to increased demand and cost of living.

Sioux Falls, SD
Metro area for real estate agent employment
Rapid City, SD
Metro area for real estate agent employment
Aberdeen, SD
Metro area for real estate agent employment
Brookings, SD
Metro area for real estate agent employment
Mitchell, SD
Metro area for real estate agent employment

How to Become a Real Estate Agent in South Dakota

Education

Most real estate agent positions require a high school diploma. South Dakota has several accredited institutions offering relevant programs.

Key Skills

NegotiationMarket AnalysisCustomer ServiceMLS SystemsMarketingContract Knowledge

Job Outlook in South Dakota

Nationally, real estate agent employment is projected to grow 3% over the next decade (as fast as average). South Dakota's demand may vary based on local industry trends.