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Average Business and Financial Operations Occupations Salary in Rapid City, SD

In Rapid City, SD, professionals in Business and Financial Operations Occupations earn an average annual salary of $81,830. This figure is notably below the national average of $94,590, reflecting regional economic factors and a potentially different market demand for these specialized roles within the local economy.

Executive Summary

  • Average Salary: $81,830 per year.
  • Growth Trend: Salaries have shifted 19.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $118,540.
  • Outlook: The local workforce for Business and Financial Operations Occupations in Rapid City, SD, comprises 3,870 individuals. With a Location Quotient of 0.8, this sector is slightly less concentrated than the national average, suggesting a stable but not overly saturated job market. The presence of 53.811 jobs per 1,000 workers indicates a consistent demand for these professionals within the region.
2024 Market Data

Salary Overview

$81,830

The average Business and Financial Operations Occupations in Rapid City, SD earns-13.5%below the national average.

BreakdownBased on 40h/week
Hourly

$39.3

Weekly

$1,574

Monthly

$6,819

Business and Financial Operations Occupations Salary Distribution in Rapid City, SD

Salary progression within Business and Financial Operations Occupations in Rapid City, SD, is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and a proven track record can expect substantially higher compensation. The percentile gaps between different experience levels highlight clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$50,910$24.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$61,373$29.5
ManagerOversees team, compliance, and project delivery.50% (Median)$74,870$36
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$102,288$49.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$118,540$57

Detailed Business and Financial Operations Occupations Market Analysis

Relocation Context

Nominal Salary

$81,830

Gross Pay

Real Wage (Purchasing Power)

$81,830

Adjusted for COL (100)

The average annual salary of $81,830 in Rapid City, SD, aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national average, making the effective financial standing comparable.

Job Market Context

3,870

Total Jobs

53.811

Per 1K Jobs

0.8

Location Quotient

Below Average

Rapid City, SD has 0.80x the national average concentration of Business and Financial Operations Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.8 for Business and Financial Operations Occupations in Rapid City, SD, indicates that this sector is present at a slightly lower concentration compared to the national average. This suggests that while the jobs exist and are filled, the market may not be as intensely competitive or as abundant with specialized talent as in larger metropolitan areas.

Nearby Job Markets

Hiring Business and Financial Operations Occupationss?

Frequently Asked Questions

How much does a Business and Financial Operations Occupations make in Rapid City, SD?

The median annual salary for a Business and Financial Operations Occupations in Rapid City, SD is $81,830. This typically ranges from $50,910 for entry-level positions to $118,540 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Rapid City, SD is 13.5% lower than the national median of $94,590.

Is Rapid City, SD a lucrative place for Business and Financial Operations Occupationss?

No, not exceptionally lucrative compared to national averages.While the average salary of $81,830 is comparable to the national cost of living, it falls below the national average salary for these roles. The market concentration is also slightly lower than the national average.

Is Rapid City, SD a good place to live for Business and Financial Operations Occupations?

The Cost of Living Index in Rapid City, SD is 100. While higher than average, this often correlates with higher wages.

How does the Rapid City salary compare to the national average?

The average salary of $81,830 in Rapid City is below the national average of $94,590 for Business and Financial Operations Occupations.

What is the concentration of Business and Financial Operations jobs in Rapid City?

Rapid City has a Location Quotient of 0.8 for these roles, indicating a slightly lower concentration than the national average.

How does the cost of living affect the Rapid City salary?

With a Cost of Living Index of 100, the $81,830 salary in Rapid City has the same purchasing power as the national average salary, despite being nominally lower.

What is the size of the Business and Financial Operations workforce in Rapid City?

There are approximately 3,870 individuals employed in Business and Financial Operations Occupations in Rapid City, SD.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,870 employees in the Rapid City, SD area with a job density of 53.811 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Business and Financial Operations Occupations • Data source: BLS OEWS 2024 •Jobs in Rapid City, SD