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Average Sales and Related Occupations Salary in Sioux Falls, SD-MN

In Sioux Falls, SD-MN, professionals in Sales and Related Occupations earn an average annual salary of $55,800. This figure slightly surpasses the national average of $54,110, indicating a potentially favorable market. Local economic factors and industry demand within the Sioux Falls metropolitan area likely contribute to this competitive compensation.

Executive Summary

  • Average Salary: $55,800 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $100,550.
  • Outlook: The Sioux Falls, SD-MN market for Sales and Related Occupations is robust, evidenced by a substantial local workforce of 16,830 individuals. With 96.334 jobs per 1,000 workers and a Location Quotient of 1.11, the concentration of these roles exceeds the national average, suggesting strong and consistent demand for sales talent in the region.
2024 Market Data

Salary Overview

$55,800

The average Sales and Related Occupations in Sioux Falls, SD-MN earns+3.1%above the national average.

BreakdownBased on 40h/week
Hourly

$26.8

Weekly

$1,073

Monthly

$4,650

Sales and Related Occupations Salary Distribution in Sioux Falls, SD-MN

Salary progression for Sales and Related Occupations in Sioux Falls, SD-MN is significantly influenced by experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with proven track records can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies clear opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$28,040$13.5
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$41,850$20.1
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$38,010$18.3
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$69,750$33.5
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$100,550$48.3

Detailed Sales and Related Occupations Market Analysis

Relocation Context

Nominal Salary

$55,800

Gross Pay

Real Wage (Purchasing Power)

$55,800

Adjusted for COL (100)

The average annual salary of $55,800 in Sioux Falls, SD-MN aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that the purchasing power of a sales professional's income in Sioux Falls is equivalent to the national average, offering a stable financial foundation without significant cost-of-living adjustments.

Job Market Context

16,830

Total Jobs

96.334

Per 1K Jobs

1.11

Location Quotient

Above Average

With a location quotient of 1.11, Sioux Falls, SD-MN has a slightly higher-than-average concentration of Sales and Related Occupations roles compared to the national norm.

A Location Quotient of 1.11 for Sales and Related Occupations in Sioux Falls, SD-MN indicates a market that is slightly more concentrated than the national average. This suggests that while the demand is present and perhaps even slightly higher than the typical U.S. metropolitan area, the market is not oversaturated, offering a healthy balance for job seekers and employers.

Nearby Job Markets

Nearby Cities for Sales and Related Occupations

CitySalaryDist.
Sioux City, IA-NE-SD Sales and Related Occupations Salary$46,250↓ 17%74 mi

Comparing salaries near Sioux Falls, SD-MN

Hiring Sales and Related Occupationss?

Frequently Asked Questions

How much does a Sales and Related Occupations make in Sioux Falls, SD-MN?

The median annual salary for a Sales and Related Occupations in Sioux Falls, SD-MN is $55,800. This typically ranges from $28,040 for entry-level positions to $100,550 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 3.1% higher than the national median of $54,110.

Is Sioux Falls, SD-MN a lucrative place for Sales and Related Occupationss?

Yes, Sioux Falls, SD-MN offers a slightly above-average earning potential for Sales and Related Occupations.The average salary of $55,800 exceeds the national average, and the cost of living is on par with the national average, making it a financially stable location.

Is Sioux Falls, SD-MN a good place to live for Sales and Related 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 ($46,250) and others.

How does the Sioux Falls sales job market compare to the national average?

The Sioux Falls market for Sales and Related Occupations is slightly more concentrated than the national average, with a Location Quotient of 1.11, suggesting a healthy demand for these roles.

What is the average salary for Sales and Related Occupations in Sioux Falls, SD-MN?

The average annual salary for Sales and Related Occupations in Sioux Falls, SD-MN is $55,800.

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

Sioux Falls has a Cost of Living Index of 100, which is the national average. This means the $55,800 salary has purchasing power equivalent to the national average.

What is the size of the Sales and Related Occupations workforce in Sioux Falls?

The total local workforce for Sales and Related Occupations in Sioux Falls, SD-MN comprises 16,830 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 16,830 employees in the Sioux Falls, SD-MN area with a job density of 96.334 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Sales and Related Occupations • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN