Average Retail Salespersons Salary in Sioux Falls, SD-MN
Retail Salespersons in Sioux Falls, SD-MN earn an average annual salary of $42,190, notably exceeding the national average of $37,150. This higher local compensation is likely influenced by a combination of factors specific to the regional economic landscape and the demand for skilled sales professionals within the area.
Executive Summary
- Average Salary: $42,190 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $65,750.
- Outlook: With a local workforce of 5,340 Retail Salespersons, Sioux Falls demonstrates a significant presence in this sector. The Location Quotient of 1.24 indicates that this role is more concentrated in Sioux Falls than the national average, suggesting a robust and potentially growing demand for these positions within the local job market.
Salary Overview
The average Retail Salespersons in Sioux Falls, SD-MN earns+13.6%above the national average.
$20.3
$811
$3,516
Retail Salespersons Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Retail Salespersons in Sioux Falls have experienced steady growth over the past four years, mirroring national trends. This upward trajectory is typically driven by inflation, increasing consumer demand, and the evolving skill requirements within the retail industry.
Retail Salespersons Salary Distribution in Sioux Falls, SD-MN
Salary progression for Retail Salespersons in Sioux Falls typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior or specialized sales roles can command significantly higher earnings. The percentile gaps in salary distribution highlight clear opportunities for career advancement and increased earning potential as professionals gain expertise and take on more responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $27,780 | $13.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $31,643 | $15.2 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $34,260 | $16.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $52,738 | $25.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $65,750 | $31.6 |
Detailed Retail Salespersons Market Analysis
Relocation Context
Nominal Salary
$42,190
Gross Pay
Real Wage (Purchasing Power)
$42,190
Adjusted for COL (100)
The average annual salary of $42,190 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 nominal earnings translate directly into purchasing power equivalent to the national standard, offering a stable financial foundation for residents.
Job Market Context
5,340
Total Jobs
30.555
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Sioux Falls, SD-MN has a slightly higher-than-average concentration of Retail Salespersons roles compared to the national norm.
A Location Quotient of 1.24 for Retail Salespersons in Sioux Falls signifies a market where this profession is more prevalent than the national average. This suggests a healthy and potentially competitive job market, offering ample opportunities for both new entrants and experienced professionals seeking employment in retail sales.
Nearby Job Markets
Nearby Cities for Retail Salespersons
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Retail Salespersons Salary | $34,600↓ 18% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Retail Salespersonss?
Frequently Asked Questions
How much does a Retail Salespersons make in Sioux Falls, SD-MN?
The median annual salary for a Retail Salespersons in Sioux Falls, SD-MN is $42,190. This typically ranges from $27,780 for entry-level positions to $65,750 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 13.6% higher than the national median of $37,150.
Is Sioux Falls, SD-MN a lucrative place for Retail Salespersons?
Yes, Sioux Falls offers competitive earnings for Retail Salespersons.The average salary of $42,190 is above the national average, and the cost of living is right at the national average, making it financially advantageous.
Is Sioux Falls, SD-MN a good place to live for Retail Salespersons?
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 ($34,600) and others.
How does the Sioux Falls Retail Sales job market compare to the national average?
The job market in Sioux Falls is more concentrated for Retail Salespersons, with a Location Quotient of 1.24, indicating a higher prevalence of these jobs compared to the national average.
What is the average take-home pay for a Retail Salesperson in Sioux Falls?
The average annual salary is $42,190. Actual take-home pay will vary based on taxes, deductions, and individual commission structures.
Are there many job openings for Retail Salespersons in Sioux Falls?
With 30.555 jobs per 1,000 workers and a Location Quotient above 1, the market suggests a good number of opportunities relative to the national landscape.
How does the cost of living affect the value of a Retail Salesperson's salary in Sioux Falls?
The cost of living in Sioux Falls is exactly at the national average (100), meaning the $42,190 salary has purchasing power equivalent 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 5,340 employees in the Sioux Falls, SD-MN area with a job density of 30.555 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Retail Salespersons • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN