Personal Financial Advisors Salary
The median pay for a personal financial advisors in Sioux Falls, SD-MN is $121,350/year ($58.34/hour), per BLS data. The range runs from $65K at the entry level to $176K for experienced workers. Cost of living is below average (RPP 90.63), which stretches that salary to about $133,896 in buying power. Rent on a 2-bedroom averages $1,156/month, or 14.8% of estimated take-home pay.
So what does $121K get you in Sioux Falls?
Groceries, utilities, transportation, and healthcare scaled from national averages by Sioux Falls’s Regional Price Parity (90.63). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About personal financial advisors
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What this looks like in Sioux Falls
Sioux Falls sits well above the national pay line for personal financial advisors, local pay runs about 15% higher than the U.S. median of $105K. Housing is manageable: a 2-bedroom at the HUD median costs $1,156/month, 14.8% of take-home, well inside the 30% guideline. Regional Price Parity sits at 90.63 (national = 100), meaning everyday costs run about 9% cheaper here. Your dollar stretches further than the headline salary suggests. Combined with manageable housing costs, Sioux Falls offers a genuinely strong financial position for personal financial advisorss at the median.
Compared to nearby metros
Median pay for personal financial advisors in metros near Sioux Falls, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Rapid City | $104K | $116K |
| Bozeman | $85K | $83K |
| Minneapolis-St. Paul-Bloomington | $103K | $99K |
| Omaha | $81K | $88K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Sioux Falls, SD-MN
Entry-level personal financial advisors (10th percentile) start around $65K. Mid-career wages sit at $121K. Top earners bring in $176K or more, a $111K spread from bottom to top.
Personal Financial Advisors pay across states
Median income ranked highest to lowest, compared to the national figure
View Personal Financial Advisors salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $166K | +58% | 21,550 |
| New Jersey | $159K | +51% | 9,300 |
| California | $130K | +24% | 32,200 |
| Connecticut | $130K | +23% | N/A |
| South Dakota | $129K | +23% | 620 |
| Massachusetts | $126K | +20% | N/A |
| Delaware | $125K | +19% | N/A |
| Oregon | $123K | +17% | 3,070 |
| Illinois | $120K | +14% | 9,760 |
| Wisconsin | $119K | +14% | 5,200 |
| Washington | $114K | +9% | 5,790 |
| Vermont | $110K | +5% | 520 |
| Pennsylvania | $105K | +0% | 12,200 |
| District of Columbia | $105K | -0% | 480 |
| Minnesota | $103K | -2% | 5,280 |
| Virginia | $103K | -2% | 6,340 |
| Kansas | $103K | -2% | 4,150 |
| Georgia | $101K | -3% | 6,830 |
| Florida | $101K | -4% | 21,490 |
| Missouri | $100K | -5% | 4,480 |
| Maryland | $100K | -5% | 5,260 |
| Texas | $99K | -6% | 18,200 |
| Montana | $97K | -7% | N/A |
| Arizona | $97K | -8% | 6,430 |
| North Carolina | $97K | -8% | 12,340 |
| New Hampshire | $97K | -8% | 1,850 |
| South Carolina | $96K | -8% | 2,400 |
| Idaho | $94K | -10% | 760 |
| New Mexico | $94K | -10% | 610 |
| Nebraska | $93K | -11% | 2,210 |
| Nevada | $93K | -12% | 1,730 |
| Iowa | $92K | -12% | 1,920 |
| Ohio | $91K | -13% | 7,680 |
| Colorado | $89K | -15% | 6,730 |
| Indiana | $88K | -17% | 5,400 |
| Tennessee | $84K | -20% | 3,970 |
| Rhode Island | $80K | -24% | 1,130 |
| West Virginia | $80K | -24% | 670 |
| Arkansas | $79K | -24% | 1,320 |
| Alaska | $79K | -25% | N/A |
| Alabama | $78K | -26% | 2,540 |
| Michigan | $78K | -26% | 6,570 |
| Wyoming | $77K | -26% | 310 |
| Utah | $77K | -26% | 2,520 |
| North Dakota | $77K | -27% | 540 |
| Hawaii | $76K | -28% | 550 |
| Oklahoma | $69K | -35% | 1,140 |
| Kentucky | $67K | -36% | 2,040 |
| Mississippi | $63K | -40% | 790 |
Showing 1–10 of 49 states with published data
BLS does not publish data for every state when sample sizes are too small
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Sioux Falls numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Sioux Falls?
Yes — at the median salary of $121K, rent takes 14.8% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,156/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for personal financial advisors in Sioux Falls?
The 10th-percentile wage — what new personal financial advisors typically earn — is $65K/year. Take-home on that works out to about $3,896/month. At HUD’s $1,156/month FMR, rent would take 30% of that take-home — manageable on an entry-level income.
Is personal financial advisor a high-paying job in Sioux Falls?
Local pay is 15% above the national median — $121K here vs. $105K nationally.
How does Sioux Falls compare to the national average for personal financial advisors?
Sioux Falls pays $121K median vs. the U.S. average of $105K — that’s +15%. After adjusting for local cost of living (RPP 90.63), the purchasing-power equivalent is $134K — still ahead of the national median.
How much do personal financial advisors make in Sioux Falls, SD-MN?
The median is $121,350 a year, that works out to about $58 an hour. But the range is wide: entry-level workers start around $64,940, and experienced personal financial advisors can clear $176,240. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $121K enough to live in Sioux Falls?
On that salary, you'd take home roughly $7,808/month after taxes. A 2-bedroom here rents for about $1,156/month, which eats 14.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a personal financial advisors salary go in Sioux Falls?
Sioux Falls has a Regional Price Parity of 90.63 (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 personal financial advisors salary is worth about $133,896 in national-average purchasing power.
Where do personal financial advisors 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.