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Financial Advisor Salary in Sioux Falls, SD — 2026 Guide

Estimated salaries are adjusted for Sioux Falls's cost of living (index: 91). National data from BLS OEWS 2024; city adjustments reflect local market conditions.

Financial Advisor Salary in Sioux Falls — Key Numbers

$90,618
Median Salary
$54,700
25th Percentile
$149,650
75th Percentile
$217,672
90th Percentile
National median (Financial Advisor)$99,580
vs. National median-9.0%
Sioux Falls median household income$64,200
vs. City household income+41.1%

Cost of Living in Sioux Falls

Cost of Living Index
91(100 = avg)
Median Monthly Rent$865/mo
Rent-to-Income Ratio11.5%
Annual rent cost$10,380
Median Home Price$310,000
Home Price / Salary3.4×
20% Down Payment$62,000
Years to save (20% rate)3.4 yrs

Rent-to-income below 28% is considered affordable; above 35% is cost-burdened. Home price multiple below 3× is affordable; above 5× is expensive by traditional guidelines.

Job Market in Sioux Falls

2.2%
Unemployment Rate
275,000
Metro Population
18 min
Avg Commute
32.4
Median Age

Sioux Falls has a metro population of 275,000, offering a growing job market with opportunities especially in established local industries. The 2.2% unemployment rate is below the national average, suggesting a tight labor market favorable to job seekers.

Financial Calculators for Sioux Falls

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Cost of Living — Sioux Falls
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Rent vs. Buy in Sioux Falls
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Financial Advisor Salary in South Dakota
Statewide salary breakdown

Other Professions in Sioux Falls

Physician$208,663Chief Executive Officer$191,100Dentist$159,714IT Manager$154,254Marketing Manager$143,434Lawyer$132,642

Frequently Asked Questions

How much does a Financial Advisor make in Sioux Falls, SD?

The estimated median salary for a Financial Advisor in Sioux Falls is $90,618 per year (2026). This is derived from the national BLS median of $99,580 adjusted by Sioux Falls's cost of living index (91). The typical salary range runs from $54,700 (25th percentile) to $149,650 (75th percentile), with top earners reaching $217,672.

Is Sioux Falls affordable for a Financial Advisor?

On a $90,618 annual salary, a Financial Advisor in Sioux Falls would spend approximately 11.5% of gross monthly income on median rent ($865/month). This is well within the 28% affordability threshold, making Sioux Falls relatively affordable for this profession. The median home price of $310,000 is 3.4× the annual salary.

How does a Financial Advisor's salary compare to Sioux Falls's overall income?

Sioux Falls's median household income is $64,200. A Financial Advisor earning the city-adjusted median of $90,618 earns 41.1% more than the typical Sioux Falls household — placing them solidly in the middle-to-upper income tier for the city.

Explore More Salary Data

Financial Advisor — NationalFinancial Advisor in South DakotaAll Salary Guides

Salary data from U.S. Bureau of Labor Statistics (BLS) OEWS, 2024 release. City salary estimates adjusted by cost of living index. City data from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024–2025). Last updated: March 2026.