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Average Chief Executives Salary in South Dakota

Chief Executives in South Dakota command an impressive average annual salary of $357,220, significantly surpassing the national average of $283,090. This elevated compensation reflects the specialized skills and high-level decision-making required for these critical leadership roles, often influenced by the unique economic landscape and business needs within the state.

Executive Summary

  • Average Salary: $357,220 per year.
  • Growth Trend: Salaries have shifted 37.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $535,830.
  • Outlook: With a total local workforce of 530 Chief Executives, South Dakota presents a focused, albeit smaller, market for these high-level positions. The Location Quotient of 0.86 suggests a concentration slightly below the national average, indicating that while the role is present, it is not disproportionately concentrated compared to other states, implying a stable demand for experienced leadership.
2024 Market Data

Salary Overview

$357,220

The average Chief Executives in South Dakota earns+26.2%above the national average.

BreakdownBased on 40h/week
Hourly

$171.7

Weekly

$6,870

Monthly

$29,768

Chief Executives Salary Distribution in South Dakota

The salary trajectory for Chief Executives in South Dakota, like elsewhere, is heavily influenced by experience. Entry-level positions will naturally command lower salaries, while seasoned executives with a proven track record of success and extensive leadership experience can expect to earn significantly more, potentially reaching into higher salary percentiles. The gap between entry-level and senior roles highlights the substantial career progression and earning potential within this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$174,640$84
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$267,915$128.8
ManagerOversees team, compliance, and project delivery.50% (Median)$357,219$171.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$446,525$214.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$535,830$257.6

Detailed Chief Executives Market Analysis

Relocation Context

Nominal Salary

$357,220

Gross Pay

Real Wage (Purchasing Power)

$389,129

Adjusted for COL (91.8)

The nominal average salary of $357,220 in South Dakota offers considerable purchasing power, especially when contrasted with the local Cost of Living Index of 91.8, which is below the national average of 100. This means that executive earnings in South Dakota can translate into a higher standard of living and greater disposable income compared to many other states, making it an attractive location for high earners.

Job Market Context

530

Total Jobs

1.175

Per 1K Jobs

0.86

Location Quotient

Below Average

South Dakota has 0.86x the national average concentration of Chief Executives 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 0.86 for Chief Executives in South Dakota indicates a market that is slightly less concentrated than the national average. This suggests that while the state has a notable presence of these roles, the competition might be less intense than in areas with a higher LQ, potentially offering a more accessible market for qualified individuals seeking executive opportunities.

Nearby Job Markets

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Frequently Asked Questions

How much does a Chief Executives make in South Dakota?

The median annual salary for a Chief Executives in South Dakota is $357,220. This typically ranges from $174,640 for entry-level positions to $535,830 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in South Dakota is 26.2% higher than the national median of $283,090.

Is South Dakota a lucrative place for Chief Executives?

Yes, South Dakota offers a lucrative environment for Chief Executives.The average salary of $357,220 significantly exceeds the national average, and the cost of living is below the national average, enhancing the real value of these earnings.

Is South Dakota a good place to live for Chief Executives?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

How does the South Dakota job market for Chief Executives compare nationally?

The job market for Chief Executives in South Dakota is slightly less concentrated than the national average, with a Location Quotient of 0.86, suggesting a stable but not overly saturated demand for these roles.

What is the impact of South Dakota's cost of living on executive salaries?

With a Cost of Living Index of 91.8, South Dakota's lower cost of living means that the high average salary of $357,220 provides substantial purchasing power and a potentially higher quality of life for Chief Executives.

How many Chief Executives are there in South Dakota?

There are approximately 530 Chief Executives employed in South Dakota, representing 1.175 jobs per 1,000 workers in the state.

Can Chief Executives expect salary growth in South Dakota?

While specific data isn't provided, general economic trends and the increasing complexity of business leadership suggest that salaries for Chief Executives in South Dakota are likely to have experienced growth over recent years.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the South Dakota area with a job density of 1.175 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 South Dakota