Hiring a financial services sales agent in Sioux Falls, SD

Do Sioux Falls residents in sales and related work earn more than employers in the Sioux Falls, SD-MN area pay?

Sioux Falls residents working in sales and related occupations earn a median of $40,578 (Census ACS 5-year 2023, tables S2401 and B24011), against $62,740 as the median of the 15 wages BLS publishes for that same occupation group in the Sioux Falls, SD-MN area (BLS OEWS, May 2025), a difference of 35%, with the employers figure the higher of the two.

Both sides of that figure describe the whole sales and related group, not this one role. In the Sioux Falls, SD-MN area the group covers 15 occupations BLS publishes a wage for, from gambling change persons and booth cashiers at $29,990 to sales engineers at $125,630 (BLS OEWS, May 2025), with securities, commodities, and financial services sales agents at $86,780 inside it.

That comparison is between two different measures, not a pay gap. The two weight the same occupation group differently: the Census figure is the midpoint across the people who actually hold those jobs, so a group carrying a few very well paid occupations is pulled toward them, while the BLS figure is the midpoint across the 15 published occupation wages, which counts each of those occupations once whatever its headcount. Census also counts where people live and BLS counts where the jobs are, and the two cover different populations, Census the civilian employed population 16 and over, BLS wage-and-salary jobs only. Read the number against other cities, where the same definitional difference applies on both sides, rather than as a shortfall.

Published wages across this group in the metro run above what Sioux Falls residents in it earn, which usually means employers here draw this talent from beyond the city line rather than from inside it.

Is the talent actually in Sioux Falls?

This is a job zone four: considerable preparation needed occupation. Most of these occupations require a four-year bachelor's degree, but some do not. O*NET OnLine, SOC 41-3031.

That matters here, because 37.4% of Sioux Falls adults hold a bachelor's degree or higher. That is a workable pool, but the search will reach beyond the city line. Census ACS 5-year 2023, table S1501, residents of Sioux Falls aged 25 and over.

The average Sioux Falls commute runs 17 minutes, which is roughly how far your catchment reaches before candidates start saying no. 9.4% of Sioux Falls workers already work from home, so a fully onsite requirement here is competing against that. Census ACS 5-year 2023, place-level commuting characteristics for Sioux Falls.

How often do these jobs turn over?

In Minnehaha County, retail trade employs 17,757 and turns over 11.6% a quarter, with 2,754 hires against 3,042 separations. Average earnings in that industry run $3,074 a month. Census LEHD Quarterly Workforce Indicators, 2024 Q1, NAICS 44-45.

That figure covers every occupation in the industry, not this role alone, so read it as the local churn rate rather than as a number about securities, commodities, and financial services sales agents. It still tells you what you are hiring into: a normal churn rate, where a well-run search closes on schedule.

What does the search cost?

The fee is set by the seniority of the role, never by salary and never by location. Across all six tiers it runs $6,240 to $54,340 per search. A contingency firm hiring at this role's $86,780 median in the Sioux Falls, SD-MN area (BLS OEWS, May 2025) would bill roughly $17,356 to $26,034 on the first year salary alone.

One owner runs the search from market map to signed offer. Searches typically fill in 23 to 35 days, which is a typical window rather than a promise, and the replacement guarantee runs 45 days at 50% off.

Questions employers ask about hiring a financial services sales agent in Sioux Falls

What does it cost to hire a financial services sales agent in Sioux Falls?

Tier I to Tier VI, $6,240 to $54,340 per search, set by the seniority of the role and never by salary or location. A contingency firm billing 20 to 30% of this role's $86,780 median wage in the Sioux Falls, SD-MN area (BLS OEWS, May 2025) would charge roughly $17,356 to $26,034 on the first year salary alone.

What should an offer for a financial services sales agent in Sioux Falls look like?

Employers in the Sioux Falls, SD-MN area pay securities, commodities, and financial services sales agents a median of $86,780, with the middle half of the market between $47,850 and $125,170 (BLS OEWS, May 2025). A band set below $47,850 competes for the bottom quarter of that market.

Do Sioux Falls residents in sales and related work earn more than employers in the Sioux Falls, SD-MN area pay?

Sioux Falls residents working in sales and related occupations earn a median of $40,578 (Census ACS 5-year 2023, tables S2401 and B24011), against $62,740 as the median of the 15 wages BLS publishes for that same occupation group in the Sioux Falls, SD-MN area (BLS OEWS, May 2025), a difference of 35%. Both figures cover the whole occupation group rather than this one role, and one counts where people live while the other counts where the jobs are, so the percentage is not a pay gap.

Is the talent for this role already in Sioux Falls?

This is a job zone 4 occupation, which usually calls for a bachelor's degree, and 37.4% of Sioux Falls adults hold one or higher (Census ACS 5-year 2023, table S1501). That is a workable pool, though the search will reach beyond the city line.

Related

• Hiring Securities, Commodities, and Financial Services Sales Agents: the role, the pay, the process
• Recruiting services in Sioux Falls
• Every South Dakota city we cover

Sioux Falls is the largest of 1 South Dakota cities in this dataset.