Average Sales Managers Salary in Sioux Falls, SD-MN
Sales Managers in Sioux Falls, SD-MN earn an average annual salary of $147,570. This figure is notably below the national average of $161,040, suggesting that local market dynamics, industry concentration, and potentially a different cost structure influence compensation in this region. While the nominal salary is substantial, understanding its local context is key.
Executive Summary
- Average Salary: $147,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $223,900.
- Outlook: The Sioux Falls market for Sales Managers, with a total local workforce of 240, indicates a moderate presence. The Location Quotient of 0.34 suggests that Sales Manager roles are less concentrated here compared to the national average, implying a potentially less saturated but also less robust demand for these specialized positions.
Salary Overview
The average Sales Managers in Sioux Falls, SD-MN earns-8.4%below the national average.
$71
$2,838
$12,298
Sales Managers Salary Trends (2020-2024)
While specific historical data for Sioux Falls is not provided, it's reasonable to assume that salaries for Sales Managers nationwide have experienced a steady upward trend over the past four years, driven by inflation, increasing demand for skilled sales leadership, and evolving market complexities. This national trend likely influences local compensation, even if regional factors moderate the extent of growth.
Sales Managers Salary Distribution in Sioux Falls, SD-MN
Salary progression for Sales Managers typically shows a significant increase with experience. Entry-level positions might start considerably lower than the average, while senior Sales Managers with extensive track records and proven success can command salaries well above $147,570. The percentile gaps in salary distribution highlight the substantial earning potential tied to career advancement and accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $75,460 | $36.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $110,678 | $53.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $134,610 | $64.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $184,463 | $88.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $223,900 | $107.6 |
Detailed Sales Managers Market Analysis
Relocation Context
Nominal Salary
$147,570
Gross Pay
Real Wage (Purchasing Power)
$147,570
Adjusted for COL (100)
The average annual salary of $147,570 in Sioux Falls, SD-MN aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Sales Manager's salary in Sioux Falls is equivalent to the national average, offering stability in terms of affordability relative to the rest of the country.
Job Market Context
240
Total Jobs
1.347
Per 1K Jobs
0.34
Location Quotient
At 0.34x, Sioux Falls, SD-MN has a notably lower concentration of Sales Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.34, the market for Sales Managers in Sioux Falls, SD-MN is less concentrated than the national average. This suggests that while there are opportunities, the job market may not be as intensely competitive or as abundant with specialized roles as in larger metropolitan areas, offering a unique balance for professionals.
Nearby Job Markets
Nearby Cities for Sales Managers
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Sales Managers Salary | $139,630↓ 5% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Sales Managerss?
Frequently Asked Questions
How much does a Sales Managers make in Sioux Falls, SD-MN?
The median annual salary for a Sales Managers in Sioux Falls, SD-MN is $147,570. This typically ranges from $75,460 for entry-level positions to $223,900 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 8.4% lower than the national median of $161,040.
Is Sioux Falls, SD-MN a lucrative place for Sales Managers?
Moderately. While the salary is substantial, it lags behind the national average.The average salary of $147,570 is competitive, but it is below the national average of $161,040. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Sioux Falls, SD-MN a good place to live for Sales 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 ($139,630) and others.
How does the Sioux Falls Sales Manager salary compare to the national average?
The average annual salary for Sales Managers in Sioux Falls, SD-MN is $147,570, which is approximately 8.4% lower than the national average of $161,040.
What is the concentration of Sales Managers in Sioux Falls compared to the nation?
The Location Quotient of 0.34 indicates that Sales Managers are less concentrated in Sioux Falls than the national average, suggesting fewer specialized roles relative to the overall workforce.
How does the cost of living in Sioux Falls affect the salary?
With a Cost of Living Index of 100, Sioux Falls is at the national average. This means the $147,570 salary offers purchasing power equivalent to the national average, making it relatively stable.
What does the total local workforce number imply for Sales Managers?
A total local workforce of 240 for Sales Managers suggests a smaller, more niche market compared to larger cities, which could mean fewer opportunities but potentially less competition for experienced professionals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Sioux Falls, SD-MN area with a job density of 1.347 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Sales Managers • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN