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Average Nurse Practitioners Salary in Sioux Falls, SD-MN

Nurse Practitioners in Sioux Falls, SD-MN earn an average annual salary of $124,890, which is slightly below the national average of $131,710. This regional compensation reflects a balance between local demand and the cost of living, which is precisely at the national benchmark. The specific economic landscape of Sioux Falls influences this pay scale for advanced practice registered nurses.

Executive Summary

  • Average Salary: $124,890 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $155,060.
  • Outlook: The Sioux Falls, SD-MN metropolitan area supports a robust workforce of 470 Nurse Practitioners. With a Location Quotient of 1.36, indicating a concentration 36% higher than the national average, the demand for these professionals is notably strong in this region. This suggests a healthy job market with ample opportunities for Nurse Practitioners.
2024 Market Data

Salary Overview

$124,890

The average Nurse Practitioners in Sioux Falls, SD-MN earns-5.2%below the national average.

BreakdownBased on 40h/week
Hourly

$60

Weekly

$2,402

Monthly

$10,408

Nurse Practitioners Salary Distribution in Sioux Falls, SD-MN

Career progression for Nurse Practitioners in Sioux Falls, SD-MN is typically marked by significant salary increases. Entry-level positions may start at a lower percentile, but with accumulated experience and specialization, practitioners can advance to senior roles commanding higher salaries. The gap between entry-level and senior-level earnings signifies the value placed on expertise and tenure within the profession.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$102,710$49.4
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$93,668$45
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$130,580$62.8
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$156,113$75.1
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$155,060$74.5

Detailed Nurse Practitioners Market Analysis

Relocation Context

Nominal Salary

$124,890

Gross Pay

Real Wage (Purchasing Power)

$124,890

Adjusted for COL (100)

The nominal average salary of $124,890 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 Nurse Practitioner's salary in Sioux Falls is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.

Job Market Context

470

Total Jobs

2.716

Per 1K Jobs

1.36

Location Quotient

Above Average

With a location quotient of 1.36, Sioux Falls, SD-MN has a slightly higher-than-average concentration of Nurse Practitioners roles compared to the national norm.

A Location Quotient of 1.36 for Nurse Practitioners in Sioux Falls, SD-MN signifies a higher concentration of these professionals compared to the national average. This suggests that the job market is not only robust but also potentially more competitive, as there are more practitioners relative to the overall workforce. However, it also points to a strong regional demand that supports this elevated presence.

Nearby Job Markets

Nearby Cities for Nurse Practitioners

CitySalaryDist.
Sioux City, IA-NE-SD Nurse Practitioners Salary$143,120↑ 15%74 mi

Comparing salaries near Sioux Falls, SD-MN

Hiring Nurse Practitionerss?

Frequently Asked Questions

How much does a Nurse Practitioners make in Sioux Falls, SD-MN?

The median annual salary for a Nurse Practitioners in Sioux Falls, SD-MN is $124,890. This typically ranges from $102,710 for entry-level positions to $155,060 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 5.2% lower than the national median of $131,710.

Is Sioux Falls, SD-MN a lucrative place for Nurse Practitioners?

Yes, with caveats.Nurse Practitioners in Sioux Falls earn $124,890, slightly below the national average, but this is offset by a cost of living that is exactly at the national average, maintaining strong purchasing power.

Is Sioux Falls, SD-MN a good place to live for Nurse Practitioners?

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 ($143,120) and others.

How does the Sioux Falls Nurse Practitioner salary compare to the national average?

The average annual salary for Nurse Practitioners in Sioux Falls is $124,890, which is approximately 5% lower than the national average of $131,710.

What is the concentration of Nurse Practitioners in Sioux Falls?

Sioux Falls has a Location Quotient of 1.36 for Nurse Practitioners, indicating that the profession is 36% more concentrated than the national average, suggesting strong local demand.

How does the cost of living in Sioux Falls affect salary perception?

With a Cost of Living Index of 100, Sioux Falls is at the national average. This means the $124,890 salary offers purchasing power equivalent to the national average, making it a financially stable location.

What is the total number of Nurse Practitioners in Sioux Falls?

There are approximately 470 Nurse Practitioners 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 470 employees in the Sioux Falls, SD-MN area with a job density of 2.716 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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