The annual salary statistics of financial managers in Rapid City, South Dakota is shown in Table 1. The wage statistics of financial managers in Rapid City is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2019 and published in April 2020 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $73,930 |
| 25th Percentile Wage | $109,240 |
| 50th Percentile Wage | $131,880 |
| 75th Percentile Wage | $161,920 |
| 90th Percentile Wage | $200,670 |
Table 1 shows the average annual salary for financial managers in Rapid City, South Dakota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $200,670. The median (50th percentile) annual salary is $131,880. The average annual salary for the bottom 10 percent earners is $73,930.
The table and chart below show the trend of the median salary of financial managers from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $131,880 | 9.77% | 18.59% |
| 2018 | $118,990 | 3.41% | - |
| 2017 | $114,930 | -1.35% | - |
| 2016 | $116,480 | -4.97% | - |
| 2015 | $122,270 | -0.98% | - |
| 2014 | $123,470 | 5.77% | - |
| 2013 | $116,340 | 7.72% | - |
| 2012 | $107,360 | - | - |
From Table 3 we note that with a median annual salary of $131,880, Rapid City is the second highest paying city for financial managers in state of South Dakota, following the highest paying city Sioux Falls (median annual salary of $138,740). Compared with Sioux Falls, the median annual salary of financial managers in Rapid City is 4.9 percent (4.9%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Sioux Falls | |
| Rapid City | |
| Eastern South Dakota nonmetropolitan area | |
| Sioux City | |
| Western South Dakota nonmetropolitan area | |
| Central South Dakota nonmetropolitan area |