Average Management Occupations Salary in South Dakota
In South Dakota, Management Occupations professionals earn an average annual salary of $124,730. This figure is notably below the national average of $143,930, reflecting regional economic factors and potentially a different industry focus within the state. The specific demand and compensation structure for management roles are intrinsically tied to the state's economic landscape and business environment.
Executive Summary
- Average Salary: $124,730 per year.
- Growth Trend: Salaries have shifted 13.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $203,480.
- Outlook: With a local workforce of 17,000 individuals in Management Occupations, South Dakota presents a substantial, albeit less concentrated, segment of this professional field. The Location Quotient of 0.53 indicates that management roles are less prevalent in South Dakota compared to the national average, suggesting a market that may be less saturated but also potentially offers fewer specialized opportunities.
Salary Overview
The average Management Occupations in South Dakota earns-13.3%below the national average.
$60
$2,399
$10,394
Management Occupations Salary Trends (2020-2024)
While specific historical data for South Dakota's management sector isn't provided, it's reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic recovery and evolving business needs typically drive increases in compensation for experienced management professionals, even in states with lower average salaries.
Management Occupations Salary Distribution in South Dakota
Salary progression within Management Occupations in South Dakota, as elsewhere, is strongly correlated with experience and responsibility. Entry-level positions will command lower salaries, while senior leadership roles, requiring extensive expertise and strategic oversight, will reach significantly higher compensation levels. The gap between the lower and upper salary percentiles highlights the substantial career growth potential for dedicated professionals in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,960 | $25.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,548 | $45 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,890 | $50.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $155,913 | $75 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $203,480 | $97.8 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$124,730
Gross Pay
Real Wage (Purchasing Power)
$135,871
Adjusted for COL (91.8)
The average annual salary of $124,730 in South Dakota offers a strong purchasing power, especially when considered against the state's Cost of Living Index of 91.8. This index is below the national average of 100, meaning that everyday expenses such as housing, utilities, and transportation are generally more affordable. Consequently, the nominal salary translates to a higher real income and improved quality of life for management professionals residing in the state.
Job Market Context
17,000
Total Jobs
37.53
Per 1K Jobs
0.53
Location Quotient
South Dakota has 0.53x 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 0.53 for Management Occupations in South Dakota signifies that these roles are less concentrated than the national average. This suggests that while the overall number of management positions might be lower relative to other professions in the state, the market may offer unique opportunities for skilled professionals to establish themselves. It indicates a less competitive landscape compared to highly concentrated areas, potentially allowing for greater impact and career advancement.
Nearby Job Markets
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Frequently Asked Questions
How much does a Management Occupations make in South Dakota?
The median annual salary for a Management Occupations in South Dakota is $124,730. This typically ranges from $52,960 for entry-level positions to $203,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Dakota is 13.3% lower than the national median of $143,930.
Is South Dakota a lucrative place for Management Occupations?
Yes, with a caveat regarding cost of living.While the average salary of $124,730 is below the national average, South Dakota's lower cost of living index of 91.8 enhances the purchasing power of this income. This makes it a financially viable and potentially advantageous location for management professionals.
Is South Dakota a good place to live for Management Occupations?
With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.
How does South Dakota's management salary compare to the national average?
The average annual salary for Management Occupations in South Dakota is $124,730, which is lower than the national average of $143,930. This difference can be attributed to various regional economic factors and industry concentrations.
What is the concentration of Management Occupations in South Dakota?
South Dakota has a Location Quotient of 0.53 for Management Occupations, indicating that these roles are less concentrated in the state compared to the national average. This suggests a less saturated job market relative to other states.
How does the cost of living affect the value of a management salary in South Dakota?
With a Cost of Living Index of 91.8, South Dakota is more affordable than the national average. This means the $124,730 average salary offers greater purchasing power and a potentially higher standard of living than the same salary would in a higher cost-of-living state.
What is the total workforce size for Management Occupations in South Dakota?
There are approximately 17,000 individuals employed in Management Occupations within South Dakota, representing a significant segment of the state's professional workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 17,000 employees in the South Dakota area with a job density of 37.53 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in South Dakota