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Average Financial Managers Salary in Sioux Falls, SD-MN

Financial Managers in Sioux Falls, SD-MN earn an impressive average annual salary of $180,850. This figure is slightly below the national average of $184,480, indicating a localized market dynamic that influences compensation. Factors such as regional economic conditions and the specific demand within the Sioux Falls metropolitan area contribute to this pay scale.

Executive Summary

  • Average Salary: $180,850 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $233,570.
  • Outlook: With a total local workforce of 430 Financial Managers, Sioux Falls presents a moderately sized professional pool. The Location Quotient of 0.46 suggests that this role is less concentrated here compared to the national average, implying a potentially stable but not overly saturated job market for these professionals.
2024 Market Data

Salary Overview

$180,850

The average Financial Managers in Sioux Falls, SD-MN earns-2.0%below the national average.

BreakdownBased on 40h/week
Hourly

$87

Weekly

$3,478

Monthly

$15,071

Financial Managers Salary Distribution in Sioux Falls, SD-MN

Salary progression for Financial Managers in Sioux Falls, SD-MN, typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and leadership capabilities can command salaries well into the higher percentiles. These percentile gaps are a clear indicator of career advancement and the increasing value placed on experience.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$114,680$55.1
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$135,638$65.2
ManagerOversees team, compliance, and project delivery.50% (Median)$165,250$79.4
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$226,063$108.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$233,570$112.3

Detailed Financial Managers Market Analysis

Relocation Context

Nominal Salary

$180,850

Gross Pay

Real Wage (Purchasing Power)

$180,850

Adjusted for COL (100)

The nominal average annual salary of $180,850 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 a Financial Manager's salary in Sioux Falls is equivalent to the national standard, offering a stable financial environment without significant cost-of-living advantages or disadvantages.

Job Market Context

430

Total Jobs

2.445

Per 1K Jobs

0.46

Location Quotient

Low Concentration

At 0.46x, Sioux Falls, SD-MN has a notably lower concentration of Financial Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.

A Location Quotient of 0.46 for Financial Managers in Sioux Falls, SD-MN, indicates that the concentration of these professionals is less than half of the national average. This suggests that while the job market is not saturated, there may be fewer specialized opportunities compared to larger metropolitan areas, and demand might be more niche or tied to specific local industries.

Nearby Job Markets

Nearby Cities for Financial Managers

CitySalaryDist.
Sioux City, IA-NE-SD Financial Managers Salary$134,570↓ 26%74 mi

Comparing salaries near Sioux Falls, SD-MN

Hiring Financial Managerss?

Frequently Asked Questions

How much does a Financial Managers make in Sioux Falls, SD-MN?

The median annual salary for a Financial Managers in Sioux Falls, SD-MN is $180,850. This typically ranges from $114,680 for entry-level positions to $233,570 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 2.0% lower than the national median of $184,480.

Is Sioux Falls, SD-MN a lucrative place for Financial Managers?

Yes, it offers competitive compensation.Financial Managers in Sioux Falls earn $180,850 annually, which is very close to the national average. Coupled with a cost of living at the national average, this makes it a financially stable location for the profession.

Is Sioux Falls, SD-MN a good place to live for Financial Managers?

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 ($134,570) and others.

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

The average annual salary for Financial Managers in Sioux Falls is $180,850, which is slightly lower than the national average of $184,480.

What is the concentration of Financial Managers in Sioux Falls compared to the nation?

The Location Quotient for Financial Managers in Sioux Falls is 0.46, meaning the concentration is less than half of the national average.

Does the cost of living in Sioux Falls affect the value of a Financial Manager's salary?

No, the cost of living in Sioux Falls is exactly at the national average (100), so the $180,850 salary has the same purchasing power as the national average salary.

How many Financial Managers are there in Sioux Falls?

There are approximately 430 Financial Managers employed within 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 430 employees in the Sioux Falls, SD-MN area with a job density of 2.445 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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