Financial Advisor Salary in Pierre, SD: $94,630 (2026)
Quick Answer:A full-time financial advisor in Pierre, SD earns a median $94,630/year (≈ $45.49/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Pierre's price level (7% below national, BEA RPP 92.8), that paycheck buys what $101,972 would nationally. Nominal pay sits 6.0% below the South Dakota state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Pierre, SD, can expect to earn a median annual salary of $94,630, a figure that reflects the region's economic conditions and demand for financial planning services. The salary spectrum ranges from $54,885 at the lower end, up to $146,677 for advisers at the higher spectrum of pay. These estimates are drawn from 2025 BLS data, adjusted for local economic realities. Despite this competitive median, it's notable that financial advisor pay in Pierre lags behind the national average of $108,537, highlighting the unique context of the local job market.
About the Pierre Market
Salary estimated from South Dakota average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $54,885 | $26.38 |
| Lower Range (P25) | $69,695 | $33.51 |
| Median (P50)(typical) | $94,630 | $45.49 |
| Upper Range (P75) | $121,126 | $58.23 |
| Top Earners (P90) | $146,677 | $70.51 |
Median Salary Position
12.81% below the national average
2026 Salary Percentile Distribution in Pierre
In Pierre, SD, the financial advisor salary spread from the 10th to 90th percentile is $91,792 (2026 est.). At $94,630, the local median is 12.81% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Pierre: You'd be in the lower-middle range
How Pierre Financial Advisor Pay Compares
Pierre median: $94,630/year (2026)
| Compared To | Median Salary | Pierre Pays |
|---|---|---|
| South Dakota Average | $100,670 | -6.00% less |
| National Average | $108,537 | -12.81% less |
Financial Advisors in Pierre, SD earn a median of $94,630 per year (2026 est.), which is 12.81% lower than the national median of $108,537 and 6.00% below the South Dakota state average of $100,670.
Cost-of-Living Adjusted Salary
Pierre has a cost of living 7.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Pierre, SD has a cost-of-living index of 92.8 (below the national average of 100). A financial advisor earning $94,630 nominally has purchasing power equivalent to $101,972 in an average-cost city — an effective 7.76% boost.
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2019 BLS Actual
$76,593
2025 BLS Actual
$91,607
2026 Current Est.
$94,630
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Pierre (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $76,593 | Actual |
| 2020 | $77,884 | Actual |
| 2021 | $82,104 | Actual |
| 2022 | $83,167 | Actual |
| 2023 | $86,820 | Actual |
| 2024 | $71,493 | Actual |
| 2025 | $91,607 | Actual |
| 2026(current) | $94,630 | Estimated |
| 2027 | $97,753 | Projected |
Based on 7 years of BLS OEWS data for the Pierre metropolitan area, the median financial advisor salary grew 19.6% from $76,593 (2019) to $91,607 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $97,753 by 2027 — a total increase of $21,160 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Pierre metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $54,885 – $69,695 |
| 3-5 years (Mid Career) | $69,695 – $94,630 |
| 5+ years (Experienced) | $94,630 – $121,126 |
| 10+ years (Top Earner) | $121,126 – $146,677 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Pierre
With only four financial advisors employed in Pierre, the local job market remains quite limited, making competition for the high-paying positions more intense. The cost of living in Pierre is relatively low, with an index of 92.8, which allows advisors to stretch their take-home pay further than it would go in higher-cost areas. Among employers, wirehouses like Merrill Lynch and UBS tend to offer the most competitive salaries, albeit with the commission-based compensation model that often creates a wider variance in earnings compared to RIA firms that pay a fee based on AUM. In this evolving marketplace, advisors seeking to maximize their compensation should consider networking to build high-net-worth client bases or transitioning to independent practices where fee models can more effectively capture revenue. As the financial services industry continues to evolve between fee-only fiduciary models and commission-based structures, understanding this landscape is critical for those navigating their careers in Pierre.
More salary data for Pierre, SD:
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $91,607 for financial advisorsin the Pierre metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Pierre is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov