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Average Management Occupations Salary in Rapid City, SD

Management Occupations in Rapid City, SD, command an average annual salary of $113,720. This figure is notably below the national average of $143,930, reflecting regional economic factors and a potentially different demand structure compared to larger metropolitan areas. The specific economic landscape and industry concentration within Rapid City play a significant role in shaping compensation for these vital roles.

Executive Summary

  • Average Salary: $113,720 per year.
  • Growth Trend: Salaries have shifted 11.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $184,650.
  • Outlook: With a local workforce of 2,580 individuals in Management Occupations, Rapid City presents a moderate employment base. The Location Quotient of 0.5 indicates that these roles are less concentrated than the national average, suggesting a potentially less saturated but also possibly less robust demand for specialized management talent compared to national benchmarks. The presence of 35.863 jobs per 1,000 workers signifies a steady, albeit not overwhelming, presence of management opportunities.
2024 Market Data

Salary Overview

$113,720

The average Management Occupations in Rapid City, SD earns-21.0%below the national average.

BreakdownBased on 40h/week
Hourly

$54.7

Weekly

$2,187

Monthly

$9,477

Management Occupations Salary Distribution in Rapid City, SD

The salary spectrum for Management Occupations in Rapid City, SD, naturally widens with experience. Entry-level positions will likely fall at the lower end of the pay scale, while senior executives and those with specialized expertise can command significantly higher salaries. The percentile gaps between these levels are crucial indicators of career progression, highlighting the substantial earning potential as professionals advance through leadership ranks.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$49,980$24
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$85,290$41
ManagerOversees team, compliance, and project delivery.50% (Median)$101,080$48.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$142,150$68.3
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$184,650$88.8

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$113,720

Gross Pay

Real Wage (Purchasing Power)

$113,720

Adjusted for COL (100)

The average annual salary of $113,720 in Rapid City, SD, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers a purchasing power equivalent to the national average, providing a stable financial foundation for residents without the added financial pressure of a higher cost of living.

Job Market Context

2,580

Total Jobs

35.863

Per 1K Jobs

0.5

Location Quotient

Below Average

Rapid City, SD has 0.50x the national average concentration of Management Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.5 for Management Occupations in Rapid City suggests that these roles are less prevalent locally than they are nationwide. This could indicate a more specialized or niche market for management professionals, potentially leading to less direct competition for certain roles but also fewer overall opportunities compared to more densely populated areas with a higher concentration of management positions.

Nearby Job Markets

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Rapid City, SD?

The median annual salary for a Management Occupations in Rapid City, SD is $113,720. This typically ranges from $49,980 for entry-level positions to $184,650 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Rapid City, SD is 21.0% lower than the national median of $143,930.

Is Rapid City, SD a lucrative place for Management Occupationss?

No, not compared to the national average.While the average salary of $113,720 is substantial, it falls significantly short of the national average of $143,930. However, the cost of living is also at the national average, meaning the purchasing power is comparable.

Is Rapid City, SD a good place to live for Management Occupations?

The Cost of Living Index in Rapid City, SD is 100. While higher than average, this often correlates with higher wages.

How does the Rapid City management salary compare to the national average?

The average annual salary for Management Occupations in Rapid City, SD, is $113,720, which is approximately 21% lower than the national average of $143,930.

What is the concentration of Management Occupations in Rapid City?

The Location Quotient for Management Occupations in Rapid City is 0.5, indicating that these roles are half as concentrated as they are nationally.

Does the cost of living affect the value of the Rapid City management salary?

No, the cost of living in Rapid City is at the national average (100), meaning the $113,720 salary has purchasing power equivalent to the national average salary.

How many management jobs are there per 1,000 workers in Rapid City?

There are approximately 35.863 management jobs per 1,000 workers in Rapid City, SD.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,580 employees in the Rapid City, SD area with a job density of 35.863 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Rapid City, SD