Financial Advisor Salary in Spearfish, SD: $96,576 (2026)
Quick Answer:A full-time financial advisor in Spearfish, SD earns a median $96,576/year (≈ $46.43/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Spearfish's price level (7% below national, BEA RPP 92.8), that paycheck buys what $104,069 would nationally. Nominal pay sits 4.1% below the South Dakota state average.
Based on BLS state-level estimates · View source
Financial advisors in Spearfish, South Dakota, can expect a median annual salary of $96,576 in 2026, a figure that is approximately 11% lower than the national median of $108,537. The salary range for this role is quite diverse, spanning from $56,014 at the 10th percentile to $149,693 at the 90th percentile. These projections are based on the 2025 BLS data, adjusted for local economic conditions such as the cost of living in Spearfish, which is reflected in a lower comparative value. Given that the fiduciary fee-only model continues to gain traction and Certified Financial Planner (CFP) credentials help providers stand out in the market, those specializing in fee-based financial planning may find competitive advantages that enhance their earnings potential.
About the Spearfish Market
Salary estimated from South Dakota average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $56,014 | $26.93 |
| Lower Range (P25) | $71,406 | $34.33 |
| Median (P50)(typical) | $96,576 | $46.43 |
| Upper Range (P75) | $123,617 | $59.43 |
| Top Earners (P90) | $149,693 | $71.97 |
Median Salary Position
11.02% below the national average
2026 Salary Percentile Distribution in Spearfish
In Spearfish, SD, the financial advisor salary spread from the 10th to 90th percentile is $93,679 (2026 est.). At $96,576, the local median is 11.02% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Spearfish: You'd be in the lower-middle range
How Spearfish Financial Advisor Pay Compares
Spearfish median: $96,576/year (2026)
| Compared To | Median Salary | Spearfish Pays |
|---|---|---|
| South Dakota Average | $100,705 | -4.10% less |
| National Average | $108,537 | -11.02% less |
Financial Advisors in Spearfish, SD earn a median of $96,576 per year (2026 est.), which is 11.02% lower than the national median of $108,537 and 4.10% below the South Dakota state average of $100,705.
Cost-of-Living Adjusted Salary
Spearfish 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.
Spearfish, SD has a cost-of-living index of 92.8 (below the national average of 100). A financial advisor earning $96,576 nominally has purchasing power equivalent to $104,069 in an average-cost city — an effective 7.76% boost.
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2019 BLS Actual
$78,169
2025 BLS Actual
$93,491
2026 Current Est.
$96,576
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Spearfish (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $78,169 | Actual |
| 2020 | $79,486 | Actual |
| 2021 | $83,792 | Actual |
| 2022 | $84,878 | Actual |
| 2023 | $88,606 | Actual |
| 2024 | $72,964 | Actual |
| 2025 | $93,491 | Actual |
| 2026(current) | $96,576 | Estimated |
| 2027 | $99,763 | Projected |
Based on 7 years of BLS OEWS data for the Spearfish metropolitan area, the median financial advisor salary grew 19.6% from $78,169 (2019) to $93,491 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $99,763 by 2027 — a total increase of $21,594 (27.62%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Spearfish 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) | $56,014 – $71,406 |
| 3-5 years (Mid Career) | $71,406 – $96,576 |
| 5+ years (Experienced) | $96,576 – $123,617 |
| 10+ years (Top Earner) | $123,617 – $149,693 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Spearfish
In the local job market, there are currently five financial advisors employed in Spearfish, indicating a relatively niche environment for financial services. With a cost-of-living index of 92.8, financial advisors in this region experience increased purchasing power compared to many parts of the country, which can be a substantial draw for prospective talent. When examining employer types, registered investment advisors (RIAs) are often on the higher end of the pay scale, especially those operating under fiduciary principles. The variation in salaries can be attributed to factors such as client concentration, assets under management (AUM), and the fee models that advisors employ—whether commission-based or aligned with client interests. For those looking to maximize their financial advisor pay in Spearfish, building a strong client base and securing AUM, along with pursuing relevant certifications like the CFP, will be critical strategies for achieving success in this competitive field.
More salary data for Spearfish, 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 $93,491 for financial advisorsin the Spearfish 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 Spearfish 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