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Average Claims Adjusters, Examiners, and Investigators Salary in Sioux Falls, SD-MN

Claims Adjusters, Examiners, and Investigators in Sioux Falls, SD-MN earn an impressive average annual salary of $79,840, surpassing the national average of $76,760. This elevated compensation is often a reflection of the specialized skills required for this role and the specific economic dynamics of the Sioux Falls region, which may include a concentration of insurance-related businesses or a demand for experienced professionals.

Executive Summary

  • Average Salary: $79,840 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $104,330.
  • Outlook: The Sioux Falls, SD-MN metropolitan area supports a dedicated workforce of 660 Claims Adjusters, Examiners, and Investigators. With a Location Quotient of 1.91, this indicates a significantly higher concentration of these professionals compared to the national average, suggesting a robust and specialized local market with potentially strong demand for these roles.
2024 Market Data

Salary Overview

$79,840

The average Claims Adjusters, Examiners, and Investigators in Sioux Falls, SD-MN earns+4.0%above the national average.

BreakdownBased on 40h/week
Hourly

$38.4

Weekly

$1,535

Monthly

$6,653

Claims Adjusters, Examiners, and Investigators Salary Distribution in Sioux Falls, SD-MN

Career progression for Claims Adjusters, Examiners, and Investigators typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while senior adjusters with extensive experience and specialized knowledge can command salaries in the higher percentiles, reflecting a clear career ladder and opportunities for advancement within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$53,910$25.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$59,880$28.8
ManagerOversees team, compliance, and project delivery.50% (Median)$74,240$35.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$99,800$48
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$104,330$50.2

Detailed Claims Adjusters, Examiners, and Investigators Market Analysis

Relocation Context

Nominal Salary

$79,840

Gross Pay

Real Wage (Purchasing Power)

$79,840

Adjusted for COL (100)

The average annual salary of $79,840 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 the salary is equivalent to the national average, offering a stable financial environment for professionals relocating to or residing in the area.

Job Market Context

660

Total Jobs

3.78

Per 1K Jobs

1.91

Location Quotient

Major Hub

Sioux Falls, SD-MN has 1.9x the national concentration of Claims Adjusters, Examiners, and Investigators jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

A Location Quotient of 1.91 for Claims Adjusters, Examiners, and Investigators in Sioux Falls, SD-MN signifies that this profession is more than 90% more concentrated in this area than the national average. This suggests a highly specialized and potentially competitive market, where employers may actively seek out talent, and professionals may find a greater number of relevant job opportunities.

Nearby Job Markets

Hiring Claims Adjusters, Examiners, and Investigatorss?

Frequently Asked Questions

How much does a Claims Adjusters, Examiners, and Investigators make in Sioux Falls, SD-MN?

The median annual salary for a Claims Adjusters, Examiners, and Investigators in Sioux Falls, SD-MN is $79,840. This typically ranges from $53,910 for entry-level positions to $104,330 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 4.0% higher than the national median of $76,760.

Is Sioux Falls, SD-MN a lucrative place for Claims Adjusters, Examiners, and Investigatorss?

Yes, it is a lucrative place for Claims Adjusters, Examiners, and Investigators.The average salary of $79,840 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong purchasing power for these professionals.

Is Sioux Falls, SD-MN a good place to live for Claims Adjusters, Examiners, and Investigators?

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

How does the Sioux Falls job market compare to the national average for Claims Adjusters?

The job market in Sioux Falls is more concentrated, with a Location Quotient of 1.91, indicating a higher density of these roles compared to the national average.

What is the typical salary range for Claims Adjusters in Sioux Falls?

While the average is $79,840, salaries can range significantly based on experience, with entry-level roles earning less and senior positions commanding higher compensation.

Does the cost of living affect the value of the Claims Adjuster salary in Sioux Falls?

No, the cost of living in Sioux Falls is exactly at the national average (100), meaning the $79,840 salary has the same purchasing power as the national average salary.

How many Claims Adjusters are employed in Sioux Falls?

There are approximately 660 Claims Adjusters, Examiners, and Investigators employed in the Sioux Falls, SD-MN metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 660 employees in the Sioux Falls, SD-MN area with a job density of 3.78 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Claims Adjusters, Examiners, and Investigators • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN