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Average Chief Executives Salary in Sioux Falls, SD-MN

Chief Executives in Sioux Falls, SD-MN command an impressive average annual salary of $385,730, significantly surpassing the national average of $283,090. This elevated compensation reflects the specialized nature of executive leadership roles and potentially the unique economic drivers within the Sioux Falls region that necessitate high-caliber leadership.

Executive Summary

  • Average Salary: $385,730 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $578,595.
  • Outlook: With a local workforce of 270 Chief Executives, Sioux Falls demonstrates a notable concentration of these high-level positions. The Location Quotient of 1.11 suggests that this role is slightly more prevalent in Sioux Falls compared to the national average, indicating a steady demand for executive talent within the area's business landscape.
2024 Market Data

Salary Overview

$385,730

The average Chief Executives in Sioux Falls, SD-MN earns+36.3%above the national average.

BreakdownBased on 40h/week
Hourly

$185.5

Weekly

$7,418

Monthly

$32,144

Chief Executives Salary Distribution in Sioux Falls, SD-MN

The salary spectrum for Chief Executives in Sioux Falls, like elsewhere, is heavily influenced by experience. Entry-level executive roles will naturally fall at the lower end of the pay scale, while seasoned leaders with extensive track records and proven success will command salaries at the higher percentiles. The gap between these percentiles signifies the substantial career progression and earning potential within this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$179,990$86.5
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$289,298$139.1
ManagerOversees team, compliance, and project delivery.50% (Median)$385,736$185.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$482,163$231.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$578,595$278.2

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$385,730

Gross Pay

Real Wage (Purchasing Power)

$385,730

Adjusted for COL (100)

The average annual salary of $385,730 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 purchasing power of an executive's salary in Sioux Falls is equivalent to the national average, allowing for a comfortable lifestyle without the premium often associated with higher-paying, high-cost-of-living cities.

Job Market Context

270

Total Jobs

1.521

Per 1K Jobs

1.11

Location Quotient

Above Average

With a location quotient of 1.11, Sioux Falls, SD-MN has a slightly higher-than-average concentration of Chief Executives roles compared to the national norm.

A Location Quotient of 1.11 for Chief Executives in Sioux Falls indicates a slightly higher concentration of these roles than the national average. This suggests a competitive yet accessible market; while demand is present and perhaps even slightly elevated, the market is not oversaturated, offering good opportunities for qualified executives to find positions.

Nearby Job Markets

Nearby Cities for Chief Executives

CitySalaryDist.
Sioux City, IA-NE-SD Chief Executives Salary$259,380↓ 33%74 mi

Comparing salaries near Sioux Falls, SD-MN

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Frequently Asked Questions

How much does a Chief Executives make in Sioux Falls, SD-MN?

The median annual salary for a Chief Executives in Sioux Falls, SD-MN is $385,730. This typically ranges from $179,990 for entry-level positions to $578,595 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 36.3% higher than the national median of $283,090.

Is Sioux Falls, SD-MN a lucrative place for Chief Executives?

Yes, Sioux Falls, SD-MN is a lucrative location for Chief Executives.The average salary of $385,730 significantly exceeds the national average, and the cost of living remains at the national benchmark, enhancing real earning potential.

Is Sioux Falls, SD-MN a good place to live for Chief Executives?

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 ($259,380) and others.

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

The average annual salary for Chief Executives in Sioux Falls is $385,730, which is substantially higher than the national average of $283,090.

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, indicating that everyday expenses are comparable to the rest of the country.

Is there high demand for Chief Executives in Sioux Falls?

With a Location Quotient of 1.11, Chief Executive roles are slightly more concentrated in Sioux Falls than the national average, suggesting a healthy and steady demand for executive talent.

How many Chief Executives are there in Sioux Falls?

The total local workforce for Chief Executives in Sioux Falls is approximately 270 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Sioux Falls, SD-MN area with a job density of 1.521 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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