Financial Advisor Salary in Vermillion, SD: $93,032 (2026)
Quick Answer:A full-time financial advisor in Vermillion, SD earns a median $93,032/year (≈ $44.73/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Vermillion's price level (7% below national, BEA RPP 92.8), that paycheck buys what $100,250 would nationally. Nominal pay sits 7.6% below the South Dakota state average.
Based on BLS state-level estimates · View source
In 2026, the financial advisor salary in Vermillion is projected to reach a median of $93,032, which is significantly below the national median of $108,537. Compensation for this role spans a wide range, with earnings from as low as $53,959 to as high as $144,200, reflecting the various business models and client bases advisors may serve. Local employment figures indicate a modest pool, with only six financial advisors currently operating in the area. This limited competition, coupled with increasing demand for fiduciary services and the CFP credential premium, may present unique opportunities for skilled advisors to command higher fees in the growing fee-only model.
About the Vermillion Market
Salary estimated from South Dakota average ($82,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $53,959 | $25.94 |
| Lower Range (P25) | $66,983 | $32.20 |
| Median (P50)(typical) | $93,032 | $44.73 |
| Upper Range (P75) | $119,081 | $57.25 |
| Top Earners (P90) | $144,200 | $69.32 |
Median Salary Position
14.29% below the national average
2026 Salary Percentile Distribution in Vermillion
In Vermillion, SD, the financial advisor salary spread from the 10th to 90th percentile is $90,241 (2026 est.). At $93,032, the local median is 14.29% below the national median of $108,537.
Salary Calculator
At 40 hours/week in Vermillion: You'd be in the lower-middle range
How Vermillion Financial Advisor Pay Compares
Vermillion median: $93,032/year (2026)
| Compared To | Median Salary | Vermillion Pays |
|---|---|---|
| South Dakota Average | $100,684 | -7.60% less |
| National Average | $108,537 | -14.29% less |
Financial Advisors in Vermillion, SD earn a median of $93,032 per year (2026 est.), which is 14.29% lower than the national median of $108,537 and 7.60% below the South Dakota state average of $100,684.
Cost-of-Living Adjusted Salary
Vermillion 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.
Vermillion, SD has a cost-of-living index of 92.8 (below the national average of 100). A financial advisor earning $93,032 nominally has purchasing power equivalent to $100,250 in an average-cost city — an effective 7.76% boost.
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2019 BLS Actual
$75,300
2025 BLS Actual
$90,060
2026 Current Est.
$93,032
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Vermillion (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $75,300 | Actual |
| 2020 | $76,569 | Actual |
| 2021 | $80,717 | Actual |
| 2022 | $81,763 | Actual |
| 2023 | $85,354 | Actual |
| 2024 | $70,286 | Actual |
| 2025 | $90,060 | Actual |
| 2026(current) | $93,032 | Estimated |
| 2027 | $96,102 | Projected |
Based on 7 years of BLS OEWS data for the Vermillion metropolitan area, the median financial advisor salary grew 19.6% from $75,300 (2019) to $90,060 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $96,102 by 2027 — a total increase of $20,802 (27.63%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Vermillion 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) | $53,959 – $66,983 |
| 3-5 years (Mid Career) | $66,983 – $93,032 |
| 5+ years (Experienced) | $93,032 – $119,081 |
| 10+ years (Top Earner) | $119,081 – $144,200 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Vermillion
Examining the local job market, Vermillion's cost of living index stands at 92.8, suggesting that advisors might enjoy greater purchasing power compared to national averages. While only a small number of financial advisors work here, top-paying employers include independent broker-dealers and Registered Investment Advisors (RIAs) that prioritize fee-only structures. The variance in salaries is influenced by several factors, including assets under management (AUM), the fee model employed, and the advisor's credentials. Advisors can maximize their financial advisor pay in Vermillion SD by building a strong client base, investing in certifications like the CFP, and focusing on high-net-worth clients to draw upon the higher end of the salary range. The evolving industry dynamics point toward an increasing emphasis on fiduciary advising models, reinforcing the value of expertise and client trust in determining compensation.
More salary data for Vermillion, 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 $90,060 for financial advisorsin the Vermillion 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 Vermillion 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