Financial Risk Specialists Salary
Financial Risk Specialists in South Dakota make a median of $78,960 a year, or about $37.96 an hour. The range runs from $70K at the entry level to $149K for experienced workers. Cost of living is below average (RPP 89.89), which stretches that salary to about $87,841 in buying power. Rent on a 2-bedroom averages $1,017/month, or 18.5% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across South Dakota. Jump to a metro for precise data:
So what does $79K get you in South Dakota?
About financial risk specialists
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What this looks like in South Dakota
Pay for financial risk specialists in South Dakota runs about 33% below the U.S. median of $117K. Housing is manageable: a 2-bedroom at the HUD median costs $1,017/month, 19.1% of take-home, well inside the 30% guideline. Regional Price Parity sits at 89.89 (national = 100), meaning everyday costs run about 10% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, South Dakota can be a reasonable trade-off for financial risk specialistss who value affordability over top-dollar markets.
Compensation breakdown
Annual earnings by percentile, South Dakota
Entry-level financial risk specialists (10th percentile) start around $70K. Mid-career wages sit at $79K. Top earners bring in $149K or more, a $78K spread from bottom to top.
Financial Risk Specialists salary by metro in South Dakota
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Sioux Falls | $80K | +2% | 80 |
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Frequently asked questions
Can a financial risk specialist afford a 2BR apartment alone in South Dakota?
Yes — at the median salary of $79K, rent takes 19.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,017/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for financial risk specialists in South Dakota?
The 10th-percentile wage — what new financial risk specialists typically earn — is $70K/year. Take-home on that works out to about $4,219/month. At HUD’s $1,017/month FMR, rent would take 24% of that take-home — manageable on an entry-level income.
Is financial risk specialist a high-paying job in South Dakota?
Local pay runs 33% below the national median — $79K here vs. $117K nationally. Cost of living is 10% below the national average, which narrows that gap in real purchasing power.
How does South Dakota compare to the national average for financial risk specialists?
South Dakota pays $79K median vs. the U.S. average of $117K — that’s -33%. After adjusting for local cost of living (RPP 89.89), the purchasing-power equivalent is $88K — below the national median.
How much do financial risk specialists make in South Dakota?
The median is $78,960 a year, that works out to about $38 an hour. But the range is wide: entry-level workers start around $70,310, and experienced financial risk specialists can clear $148,750. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $79K enough to live in South Dakota?
On that salary, you'd take home roughly $5,328/month after taxes. A 2-bedroom here rents for about $1,017/month, which eats 19.1% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial risk specialists salary go in South Dakota?
South Dakota has a Regional Price Parity of 89.89 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median financial risk specialists salary is worth about $87,841 in national-average purchasing power.
Where do financial risk specialists get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.