SalaryNode

Average All Occupations Salary in Sioux Falls, SD-MN

The average annual salary for All Occupations in Sioux Falls, SD-MN stands at $58,800. This figure is notably below the national average of $67,140, reflecting regional economic factors and the specific demand dynamics within the Sioux Falls labor market. Localized pay scales are often influenced by industry concentration, cost of doing business, and the overall economic health of the metropolitan area.

Executive Summary

  • Average Salary: $58,800 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $96,020.
  • Outlook: With a substantial local workforce of 174,730 individuals and a Location Quotient of 1.0, the job market for All Occupations in Sioux Falls, SD-MN is aligned with national employment patterns. The density of jobs per 1,000 workers at 1000 indicates a stable and proportionate presence of these roles within the regional economy, suggesting a consistent demand that mirrors the national landscape.
2024 Market Data

Salary Overview

$58,800

The average All Occupations in Sioux Falls, SD-MN earns-12.4%below the national average.

BreakdownBased on 40h/week
Hourly

$28.3

Weekly

$1,131

Monthly

$4,900

All Occupations Salary Distribution in Sioux Falls, SD-MN

Within the All Occupations category in Sioux Falls, SD-MN, salary progression is typically tied to experience and specialization. Entry-level positions will naturally command lower salaries, while senior roles requiring extensive expertise and leadership responsibilities will see significantly higher compensation. The percentile gaps between different experience levels highlight clear opportunities for career advancement and increased earning potential within this broad occupational group.

Experience LevelMarket PercentileAnnual WageHourly Rate
Entry LevelStarting career. Focus on acquiring core skills.10% (Entry)$29,640$14.3
ExperiencedProficient professional working independently.25% (Junior)$44,100$21.2
Mid-LevelEstablished expert. Standard market value.50% (Median)$46,720$22.5
Senior LevelAdvanced skills, leadership or specialist role.75% (Senior)$73,500$35.3
Top TierIndustry leader / Executive level compensation.90% (Expert)$96,020$46.2

Detailed All Occupations Market Analysis

Relocation Context

Nominal Salary

$58,800

Gross Pay

Real Wage (Purchasing Power)

$58,800

Adjusted for COL (100)

The nominal average salary of $58,800 in Sioux Falls, SD-MN is directly offset by a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of the local salary is equivalent to the national standard, indicating that while the nominal pay is lower than the national average, the cost of essential goods and services does not present a disadvantage.

Job Market Context

174,730

Total Jobs

1000

Per 1K Jobs

1

Location Quotient

Above Average

With a location quotient of 1.00, Sioux Falls, SD-MN has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.

A Location Quotient of 1.0 for All Occupations in Sioux Falls, SD-MN signifies that the concentration of these jobs within the local workforce is exactly in line with the national average. This suggests a balanced job market where the availability of these roles is neither exceptionally high nor unusually low compared to other regions, indicating a steady level of competition and opportunity.

Nearby Job Markets

Nearby Cities for All Occupations

CitySalaryDist.
Sioux City, IA-NE-SD All Occupations Salary$54,640↓ 7%74 mi

Comparing salaries near Sioux Falls, SD-MN

Hiring All Occupationss?

Frequently Asked Questions

How much does a All Occupations make in Sioux Falls, SD-MN?

The median annual salary for a All Occupations in Sioux Falls, SD-MN is $58,800. This typically ranges from $29,640 for entry-level positions to $96,020 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Sioux Falls, SD-MN is 12.4% lower than the national median of $67,140.

Is Sioux Falls, SD-MN a lucrative place for All Occupationss?

No, not exceptionally lucrative compared to the national average.The average salary of $58,800 is below the national average of $67,140. However, the cost of living is also at the national average, meaning purchasing power is maintained.

Is Sioux Falls, SD-MN a good place to live for All Occupations?

The Cost of Living Index in Sioux Falls, SD-MN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Sioux Falls, SD-MN?

Some top paying nearby cities include Sioux City, IA-NE-SD ($54,640) and others.

How does the Sioux Falls salary compare to the national average?

The average annual salary for All Occupations in Sioux Falls, SD-MN is $58,800, which is lower than the national average of $67,140.

What is the cost of living in Sioux Falls, SD-MN?

The Cost of Living Index in Sioux Falls, SD-MN is 100, which is exactly the national average.

How large is the workforce in Sioux Falls, SD-MN?

The total local workforce for All Occupations in Sioux Falls, SD-MN is 174,730.

Is there a high concentration of All Occupations jobs in Sioux Falls, SD-MN?

The Location Quotient for All Occupations in Sioux Falls, SD-MN is 1.0, indicating that the concentration of these jobs is aligned with the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 174,730 employees in the Sioux Falls, SD-MN area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN