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Average Management Occupations Salary in Sioux Falls, SD-MN

In Sioux Falls, SD-MN, professionals in Management Occupations can expect an average annual salary of $135,040. This figure is slightly below the national average of $143,930, suggesting a localized compensation structure influenced by regional economic factors and industry demand within the area.

Executive Summary

  • Average Salary: $135,040 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $222,570.
  • Outlook: The Sioux Falls management sector comprises 6,820 professionals, representing 39.057 jobs per 1,000 workers. While the Location Quotient of 0.55 indicates a lower concentration compared to the national average, the substantial workforce size suggests a stable and established market for management roles.
2024 Market Data

Salary Overview

$135,040

The average Management Occupations in Sioux Falls, SD-MN earns-6.2%below the national average.

BreakdownBased on 40h/week
Hourly

$64.9

Weekly

$2,597

Monthly

$11,253

Management Occupations Salary Distribution in Sioux Falls, SD-MN

Salary progression within Management Occupations in Sioux Falls typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while senior and executive roles command salaries in the higher percentiles, reflecting increased responsibility and proven leadership capabilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$53,730$25.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$101,280$48.7
ManagerOversees team, compliance, and project delivery.50% (Median)$111,740$53.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$168,800$81.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$222,570$107

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$135,040

Gross Pay

Real Wage (Purchasing Power)

$135,040

Adjusted for COL (100)

With an average salary of $135,040 and a Cost of Living Index of 100, the nominal income in Sioux Falls, SD-MN, aligns precisely with the national average cost of living. This means that the purchasing power of a management professional's salary in Sioux Falls is comparable to that of their counterparts in a typical U.S. city.

Job Market Context

6,820

Total Jobs

39.057

Per 1K Jobs

0.55

Location Quotient

Below Average

Sioux Falls, SD-MN has 0.55x 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.

The Location Quotient of 0.55 for Management Occupations in Sioux Falls indicates that this sector is less concentrated than the national average. This suggests that while management roles are present and necessary, the market may be less saturated, potentially offering unique opportunities for skilled professionals seeking to establish or advance their careers.

Nearby Job Markets

Nearby Cities for Management Occupations

CitySalaryDist.
Sioux City, IA-NE-SD Management Occupations Salary$114,280↓ 15%74 mi

Comparing salaries near Sioux Falls, SD-MN

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Sioux Falls, SD-MN?

The median annual salary for a Management Occupations in Sioux Falls, SD-MN is $135,040. This typically ranges from $53,730 for entry-level positions to $222,570 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 6.2% lower than the national median of $143,930.

Is Sioux Falls, SD-MN a lucrative place for Management Occupationss?

Moderately. While the average salary is below the national average, the cost of living is also at the national average.The average salary of $135,040 is slightly lower than the national benchmark, but the cost of living index of 100 means your earnings maintain comparable purchasing power.

Is Sioux Falls, SD-MN a good place to live for Management Occupations?

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 ($114,280) and others.

What is the average salary for Management Occupations in Sioux Falls, SD-MN?

The average annual salary for Management Occupations in Sioux Falls, SD-MN is $135,040.

How does the Sioux Falls management salary compare to the national average?

The average salary in Sioux Falls ($135,040) is slightly lower than the national average ($143,930).

What is the cost of living in Sioux Falls, SD-MN?

The Cost of Living Index in Sioux Falls, SD-MN is 100, which is exactly the national average.

How concentrated are Management Occupations in Sioux Falls compared to the nation?

Management Occupations are less concentrated in Sioux Falls, with a Location Quotient of 0.55, indicating a lower presence relative to the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,820 employees in the Sioux Falls, SD-MN area with a job density of 39.057 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 Sioux Falls, SD-MN