Securities, Commodities, and Financial Services Sales Agents in Sioux Falls, SD-MN are earning an impressive average annual salary of $143,970. This figure significantly surpasses the national average of $110,380, indicating a strong local demand and potentially higher commission structures or a concentration of high-net-worth clients in the region. The economic landscape of Sioux Falls likely supports this elevated compensation for specialized financial professionals.
Executive Summary
- Average Salary: $143,970 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $215,955.
- Outlook: The job market for Securities, Commodities, and Financial Services Sales Agents in Sioux Falls, SD-MN, while modest in terms of total local workforce (220), shows a specific concentration with a Location Quotient of 0.41. This suggests that while the overall number of positions might not be vast, the role is present and potentially stable within the local economic fabric, with 1.249 jobs per 1,000 workers indicating a dedicated niche.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Sioux Falls, SD-MN earns+30.4%above the national average.
$69.2
$2,769
$11,998
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is a general economic trend that salaries for skilled professionals in the financial services sector have seen consistent growth over the past four years. Factors such as market volatility, evolving investment strategies, and increased demand for financial advice typically drive upward salary adjustments, suggesting that Sioux Falls agents have likely experienced a positive trajectory in their earnings.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Sioux Falls, SD-MN
Career progression for Securities, Commodities, and Financial Services Sales Agents is typically marked by increasing earning potential. Entry-level positions may start with a base salary and lower commission rates, while senior agents with established client bases and proven sales records can command significantly higher incomes. The substantial difference between entry-level and senior-level salaries, often reflected in salary percentile data, highlights the significant rewards of experience and client acquisition in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $51,520 | $24.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $107,978 | $51.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $106,500 | $51.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $179,963 | $86.5 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $215,955 | $103.8 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$143,970
Gross Pay
Real Wage (Purchasing Power)
$143,970
Adjusted for COL (100)
The average annual salary of $143,970 in Sioux Falls, SD-MN, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of the salary is equivalent to the national average, allowing professionals to maintain a similar standard of living as their counterparts in other regions, without the added financial strain of a higher cost of living.
Job Market Context
220
Total Jobs
1.249
Per 1K Jobs
0.41
Location Quotient
At 0.41x, Sioux Falls, SD-MN has a notably lower concentration of Securities, Commodities, and Financial Services Sales Agents jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.41, the job market for Securities, Commodities, and Financial Services Sales Agents in Sioux Falls, SD-MN is less concentrated than the national average. This suggests that while the role exists and pays well, there may be fewer opportunities compared to national hubs, making it a potentially less competitive but more specialized market for those seeking employment in this sector.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
| City | Salary | Dist. |
|---|---|---|
| Sioux City, IA-NE-SD Securities, Commodities, and Financial Services Sales Agents Salary | $89,800↓ 38% | 74 mi |
Comparing salaries near Sioux Falls, SD-MN
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Sioux Falls, SD-MN?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Sioux Falls, SD-MN is $143,970. This typically ranges from $51,520 for entry-level positions to $215,955 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 30.4% higher than the national median of $110,380.
Is Sioux Falls, SD-MN a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, it is a lucrative place.The average salary of $143,970 significantly exceeds the national average, and the cost of living is at the national average, allowing for strong purchasing power.
Is Sioux Falls, SD-MN a good place to live for Securities, Commodities, and Financial Services Sales Agents?
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 ($89,800) and others.
How does the Sioux Falls salary compare to the national average?
The average annual salary for Securities, Commodities, and Financial Services Sales Agents in Sioux Falls, SD-MN is $143,970, which is considerably higher than the national average of $110,380.
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, indicating that everyday expenses are comparable to the rest of the country.
Is there high demand for these roles in Sioux Falls?
While the total local workforce is 220 and the Location Quotient is below average (0.41), the number of jobs per 1,000 workers (1.249) suggests a stable, albeit niche, demand for these professionals.
What does the Location Quotient of 0.41 mean for job seekers?
A Location Quotient of 0.41 indicates that the concentration of Securities, Commodities, and Financial Services Sales Agents in Sioux Falls is less than half of the national average, suggesting fewer specialized roles relative to the national landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Sioux Falls, SD-MN area with a job density of 1.249 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Securities, Commodities, and Financial Services Sales Agents • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN