Financial Advisor Hourly Pay in Rapid City, SD: $51.54 (2026)
Quick Answer:Hourly pay for a financial advisor working in Rapid City, SD runs $51.54 at the median for 2026 — annualizing to $107,184 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Rapid City's regional price level (BEA RPP 89.2, 11% below national), each hour of work buys what $57.80 nationally would. A 24-hour part-time schedule grosses $64,317 per year.
Official BLS data · View source
In Rapid City, the financial advisor hourly pay stands at a median of $51.54, slightly below the national median of $52.18. This competitive rate allows those in the profession to earn a substantial income even if they work part-time or on a per-diem basis. Financial advisors employed in settings such as wirehouse branch offices, registered investment advisor (RIA) conference rooms, and client homes can benefit from this hourly compensation structure, with earnings ranging from $40.32 at entry-level positions to $84.11 for top earners. The data, sourced from the 2025 Bureau of Labor Statistics (BLS) estimates projected to 2026, reflects not just the earning potential of financial advisors but also the variety of work environments they operate within, facilitating tailored solutions for diverse clientele.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $40.32 | $322.54 |
| Lower Range (P25) | $50.58 | $404.61 |
| Median (P50) | $51.54 | $412.29 |
| Upper Range (P75) | $57.35 | $458.82 |
| Top Earners (P90) | $84.11 | $672.85 |
Estimated Annual Income by Work Schedule in Rapid City
Based on $51.54/hr median hourly rate · 2026 est.
At $51.54/hr, a financial advisor working full-time (40 hr/wk) in Rapid City, SD can expect to earn approximately $107,196 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $61,844. With a cost-of-living index of 89.16 (below the national average), these earnings stretch further in Rapid City.
Hourly Rate Calculator
Schedule Comparison in Rapid City
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,061.45 | $8,933 | $107,196 |
| Part-Time (24 hrs) | $1,236.87 | $5,360 | $64,317 |
| Per Diem (16 hrs) | $824.58 | $3,573 | $42,878 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Rapid City) | $51.54 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Rapid City, SD earn a median of $107,184 per year (2026 est.), which is 1.25% lower than the national median of $108,537 and 6.40% above the South Dakota state average of $100,737.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $51.54/hr = $64,317/year (purchasing power: $72,137).
Working 40h/week (full-time) = $107,196/year (purchasing power: $120,228).
CoL index: 89.16 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$41.71/hr
2025 BLS Actual
$49.89/hr
2026 Current Est.
$51.54/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Rapid City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $41.71/hr | Actual |
| 2020 | $42.42/hr | Actual |
| 2021 | $62.05/hr | Actual |
| 2022 | $40.81/hr | Actual |
| 2023 | $42.63/hr | Actual |
| 2024 | $37.01/hr | Actual |
| 2025 | $49.89/hr | Actual |
| 2026(current) | $51.54/hr | Estimated |
| 2027 | $53.24/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Rapid City grew 19.6% from $41.71/hr (2019) to $49.89/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $53.24/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Rapid City 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.
Working as an Hourly Financial Advisor in Rapid City
When considering the financial implications of part-time work in this field, a financial advisor who works three days a week for 24 hours could earn significantly less annually compared to full-time counterparts. While per-diem financial consultant roles are uncommon for those just starting out, seasoned fiduciaries may charge between $3,000 and $15,000 for comprehensive plans, often opting for project-based work that pays well on a 1099 basis. In Rapid City, the hourly compensation can fluctuate significantly depending on the employer type: wirehouses often pay differently than independent broker-dealers or fee-only fiduciary firms. Advisors willing to trade some hourly pay for benefits like health insurance may find stability, while those in a solo RIA might prefer higher rates paid without benefits. Understanding these dynamics can be crucial for professionals looking to negotiate their pay effectively in the local job market.
More salary data for Rapid City, 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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Rapid City. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 5-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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