Personal Financial Advisors Salary
The median pay for a personal financial advisors in South Dakota is $128,720/year ($61.89/hour), per BLS data. The range runs from $77K at the entry level to $337K for experienced workers. Cost of living is below average (RPP 89.89), which stretches that salary to about $143,197 in buying power. Rent on a 2-bedroom averages $1,017/month, or 12.3% 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 $129K get you in South Dakota?
About personal financial advisors
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What this looks like in South Dakota
South Dakota sits well above the national pay line for personal financial advisors, local pay runs about 23% higher than the U.S. median of $105K. Housing is manageable: a 2-bedroom at the HUD median costs $1,017/month, 12.4% 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. Combined with manageable housing costs, South Dakota offers a genuinely strong financial position for personal financial advisorss at the median.
Compensation breakdown
Annual earnings by percentile, South Dakota
Entry-level personal financial advisors (10th percentile) start around $77K. Mid-career wages sit at $129K. Top earners bring in $337K or more, a $260K spread from bottom to top.
Personal Financial Advisors salary by metro in South Dakota
2 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Sioux Falls | $121K | -6% | 310 |
| Rapid City | $104K | -19% | 70 |
Compare to other states
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when South Dakota numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in South Dakota?
Yes — at the median salary of $129K, rent takes 12.4% 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 personal financial advisors in South Dakota?
The 10th-percentile wage — what new personal financial advisors typically earn — is $77K/year. Take-home on that works out to about $4,637/month. At HUD’s $1,017/month FMR, rent would take 22% of that take-home — manageable on an entry-level income.
Is personal financial advisor a high-paying job in South Dakota?
Local pay is 23% above the national median — $129K here vs. $105K nationally.
How does South Dakota compare to the national average for personal financial advisors?
South Dakota pays $129K median vs. the U.S. average of $105K — that’s +23%. After adjusting for local cost of living (RPP 89.89), the purchasing-power equivalent is $143K — still ahead of the national median.
How much do personal financial advisors make in South Dakota?
The median is $128,720 a year, that works out to about $62 an hour. But the range is wide: entry-level workers start around $77,280, and experienced personal financial advisors can clear $337,140. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $129K enough to live in South Dakota?
On that salary, you'd take home roughly $8,228/month after taxes. A 2-bedroom here rents for about $1,017/month, which eats 12.4% 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 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 personal financial advisors salary is worth about $143,197 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.