Average Medical and Health Services Managers Salary in Sioux Falls, SD-MN
Medical and Health Services Managers in Sioux Falls, SD-MN earn an impressive average annual salary of $137,960, slightly surpassing the national average of $137,170. This competitive compensation reflects the specialized skills and responsibilities inherent in managing healthcare operations within the region, often influenced by local healthcare infrastructure and demand.
Executive Summary
- Average Salary: $137,960 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $203,420.
- Outlook: With a local workforce of 510 Medical and Health Services Managers and a Location Quotient of 0.79, Sioux Falls presents a moderately concentrated market. While not exceeding the national average concentration, the presence of nearly 3 jobs per 1,000 workers indicates a stable and consistent demand for these professionals within the region's healthcare sector.
Salary Overview
The average Medical and Health Services Managers in Sioux Falls, SD-MN earns+0.6%above the national average.
$66.3
$2,653
$11,497
Medical and Health Services Managers Salary Trends (2020-2024)
While specific historical data for Sioux Falls is not provided, it's reasonable to assume that the salaries for Medical and Health Services Managers have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing healthcare complexities, an aging population, and advancements in medical technology, all of which necessitate skilled management.
Medical and Health Services Managers Salary Distribution in Sioux Falls, SD-MN
Career progression for Medical and Health Services Managers significantly impacts earning potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and specialized certifications can command salaries in the upper percentiles. The widening gap between entry-level and senior roles underscores the value placed on experience and leadership in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $81,060 | $39 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $103,470 | $49.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $120,870 | $58.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $172,450 | $82.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $203,420 | $97.8 |
Detailed Medical and Health Services Managers Market Analysis
Relocation Context
Nominal Salary
$137,960
Gross Pay
Real Wage (Purchasing Power)
$137,960
Adjusted for COL (100)
The average annual salary of $137,960 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 Medical and Health Services Manager's salary in Sioux Falls is equivalent to the national standard, offering a stable financial outlook without the pressure of significantly higher or lower living expenses.
Job Market Context
510
Total Jobs
2.916
Per 1K Jobs
0.79
Location Quotient
Sioux Falls, SD-MN has 0.79x the national average concentration of Medical and Health Services Managers 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 0.79 suggests that Sioux Falls has a slightly lower concentration of Medical and Health Services Managers compared to the national average. This indicates that while the demand is present, the market may be less saturated than in other major metropolitan areas, potentially offering good opportunities for skilled professionals seeking roles in this sector.
Nearby Job Markets
Nearby Cities for Medical and Health Services Managers
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Medical and Health Services Managers Salary | $115,150↓ 17% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Medical and Health Services Managerss?
Frequently Asked Questions
How much does a Medical and Health Services Managers make in Sioux Falls, SD-MN?
The median annual salary for a Medical and Health Services Managers in Sioux Falls, SD-MN is $137,960. This typically ranges from $81,060 for entry-level positions to $203,420 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 0.6% higher than the national median of $137,170.
Is Sioux Falls, SD-MN a lucrative place for Medical and Health Services Managerss?
Yes, Sioux Falls offers a lucrative environment for Medical and Health Services Managers.The average salary of $137,960 is slightly above the national average, and the cost of living is exactly at the national average, indicating strong purchasing power for these professionals.
Is Sioux Falls, SD-MN a good place to live for Medical and Health Services 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 ($115,150) and others.
How does the Sioux Falls salary compare to the national average?
The average annual salary for Medical and Health Services Managers in Sioux Falls, SD-MN is $137,960, which is slightly higher than the national average of $137,170.
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. This means the cost of goods and services is comparable to the rest of the country.
How concentrated is the job market for Medical and Health Services Managers in Sioux Falls?
The job market has a Location Quotient of 0.79, indicating it is slightly less concentrated than the national average, suggesting a potentially favorable market for job seekers.
What is the total workforce size for this role in Sioux Falls?
There are approximately 510 Medical and Health Services Managers employed in the Sioux Falls, SD-MN area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Sioux Falls, SD-MN area with a job density of 2.916 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Medical and Health Services Managers • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN