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Average Business and Financial Operations Occupations Salary in Sioux Falls, SD-MN

In Sioux Falls, SD-MN, professionals in Business and Financial Operations Occupations earn an average annual salary of $85,450. This figure is notably below the national average of $94,590, suggesting that local market dynamics and potentially a lower cost of doing business influence compensation in this region. Understanding these local economic factors is key to grasping the salary landscape for these critical roles.

Executive Summary

  • Average Salary: $85,450 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $123,650.
  • Outlook: The Sioux Falls, SD-MN region supports a substantial workforce of 11,420 individuals within Business and Financial Operations Occupations. With a Location Quotient of 0.97, the concentration of these roles is nearly on par with the national average, indicating a stable and well-established presence. This robust workforce size and near-average concentration suggest a consistent demand for skilled professionals in this sector within the local economy.
2024 Market Data

Salary Overview

$85,450

The average Business and Financial Operations Occupations in Sioux Falls, SD-MN earns-9.7%below the national average.

BreakdownBased on 40h/week
Hourly

$41.1

Weekly

$1,643

Monthly

$7,121

Business and Financial Operations Occupations Salary Distribution in Sioux Falls, SD-MN

Salary progression within Business and Financial Operations Occupations in Sioux Falls, SD-MN is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive expertise and specialized skills can expect to earn considerably more, often reaching into the higher percentiles. The widening gap between entry-level and senior salaries signifies clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$52,000$25
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$64,088$30.8
ManagerOversees team, compliance, and project delivery.50% (Median)$76,940$37
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$106,813$51.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$123,650$59.4

Detailed Business and Financial Operations Occupations Market Analysis

Relocation Context

Nominal Salary

$85,450

Gross Pay

Real Wage (Purchasing Power)

$85,450

Adjusted for COL (100)

An average annual salary of $85,450 in Sioux Falls, SD-MN aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making relocation financially neutral in terms of cost of living adjustments. While the salary is below the national average, the stable cost of living ensures that the take-home pay retains its value relative to national benchmarks.

Job Market Context

11,420

Total Jobs

65.382

Per 1K Jobs

0.97

Location Quotient

Below Average

Sioux Falls, SD-MN has 0.97x 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.

The Location Quotient of 0.97 for Business and Financial Operations Occupations in Sioux Falls, SD-MN indicates a market that is very close to the national average in terms of concentration. This suggests that the job market is neither overly saturated nor significantly undersupplied, presenting a balanced environment for both employers and job seekers. Professionals can expect a competitive yet accessible landscape for roles within this sector.

Nearby Job Markets

Nearby Cities for Business and Financial Operations Occupations

CitySalaryDist.
Sioux City, IA-NE-SD Business and Financial Operations Occupations Salary$77,650↓ 9%74 mi

Comparing salaries near Sioux Falls, SD-MN

Hiring Business and Financial Operations Occupationss?

Frequently Asked Questions

How much does a Business and Financial Operations Occupations make in Sioux Falls, SD-MN?

The median annual salary for a Business and Financial Operations Occupations in Sioux Falls, SD-MN is $85,450. This typically ranges from $52,000 for entry-level positions to $123,650 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 9.7% lower than the national median of $94,590.

Is Sioux Falls, SD-MN a lucrative place for Business and Financial Operations Occupationss?

No, not exceptionally lucrative compared to the national average.While the average salary of $85,450 is substantial, it falls below the national average of $94,590. However, the cost of living is also at the national average, meaning the purchasing power of the salary is comparable.

Is Sioux Falls, SD-MN a good place to live for Business and Financial Operations 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 ($77,650) and others.

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

The average annual salary for Business and Financial Operations Occupations in Sioux Falls, SD-MN is $85,450, which is lower than the national average of $94,590.

What is the concentration of Business and Financial Operations jobs in Sioux Falls?

The concentration, measured by the Location Quotient, is 0.97, indicating that the proportion of these jobs in Sioux Falls is very close to the national average.

How does the cost of living in Sioux Falls affect the salary?

Sioux Falls has a Cost of Living Index of 100, which is the national average. This means that the $85,450 salary has purchasing power equivalent to the national average, despite being lower in nominal terms.

What is the total workforce size for these occupations in Sioux Falls?

There are 11,420 individuals employed in Business and Financial Operations Occupations in the Sioux Falls, SD-MN region.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,420 employees in the Sioux Falls, SD-MN area with a job density of 65.382 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 Sioux Falls, SD-MN