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Average Compliance Officers Salary in South Dakota

Compliance Officers in South Dakota earn an average annual salary of $78,950. This figure is slightly below the national average of $85,520, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the state's industries. While the nominal pay is lower, the overall financial picture is nuanced by the local cost of living.

Executive Summary

  • Average Salary: $78,950 per year.
  • Growth Trend: Salaries have shifted 32.4% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $113,660.
  • Outlook: With a total local workforce of 1,180 Compliance Officers, South Dakota presents a stable, albeit not exceptionally concentrated, job market for this profession. The Location Quotient of 1.01 indicates that the concentration of these roles in South Dakota is very close to the national average, suggesting a steady demand that aligns with national trends without significant oversupply or undersupply.
2024 Market Data

Salary Overview

$78,950

The average Compliance Officers in South Dakota earns-7.7%below the national average.

BreakdownBased on 40h/week
Hourly

$38

Weekly

$1,518

Monthly

$6,579

Compliance Officers Salary Distribution in South Dakota

The salary progression for Compliance Officers in South Dakota typically scales with experience. Entry-level positions might start at a lower percentile, while seasoned professionals with extensive expertise and specialized certifications can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies a clear career ladder and opportunities for substantial income growth within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$54,940$26.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$59,213$28.5
ManagerOversees team, compliance, and project delivery.50% (Median)$71,700$34.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$98,688$47.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$113,660$54.6

Detailed Compliance Officers Market Analysis

Relocation Context

Nominal Salary

$78,950

Gross Pay

Real Wage (Purchasing Power)

$86,002

Adjusted for COL (91.8)

The average annual salary of $78,950 in South Dakota needs to be viewed in conjunction with its Cost of Living Index of 91.8. Since this index is below the national average of 100, the purchasing power of a Compliance Officer's salary in South Dakota is effectively higher than the nominal figure suggests, offering a favorable real income compared to more expensive states.

Job Market Context

1,180

Total Jobs

2.603

Per 1K Jobs

1.01

Location Quotient

Above Average

With a location quotient of 1.01, South Dakota has a slightly higher-than-average concentration of Compliance Officers roles compared to the national norm.

A Location Quotient of 1.01 for Compliance Officers in South Dakota signifies that the employment concentration for this role is almost identical to the national average. This suggests a balanced job market where the number of available positions closely mirrors the national proportion relative to the overall workforce, indicating moderate competition and consistent opportunities.

Nearby Job Markets

Hiring Compliance Officerss?

Frequently Asked Questions

How much does a Compliance Officers make in South Dakota?

The median annual salary for a Compliance Officers in South Dakota is $78,950. This typically ranges from $54,940 for entry-level positions to $113,660 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in South Dakota is 7.7% lower than the national median of $85,520.

Is South Dakota a lucrative place for Compliance Officers?

Yes, with a caveat.While the average salary is slightly below the national average, South Dakota's lower cost of living makes the $78,950 salary more financially advantageous in real terms.

Is South Dakota a good place to live for Compliance Officers?

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

What is the average salary for a Compliance Officer in South Dakota?

The average annual salary for a Compliance Officer in South Dakota is $78,950.

How does South Dakota's Compliance Officer salary compare to the national average?

The average salary in South Dakota ($78,950) is slightly lower than the national average of $85,520.

Is the job market for Compliance Officers strong in South Dakota?

Yes, the market is stable with a Location Quotient of 1.01, indicating a concentration of jobs very close to the national average.

How does the cost of living affect the salary in South Dakota?

South Dakota's cost of living index of 91.8 is below the national average, meaning the $78,950 salary offers better purchasing power than it might in a higher-cost state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,180 employees in the South Dakota area with a job density of 2.603 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Compliance Officers • Data source: BLS OEWS 2024 •Jobs in South Dakota