SOC 13-2054

Risk Management Specialist Salary in Sioux Falls, SD-MN (2026)

Data updated · Sources: BLS OEWS May 2025, HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology

Tax Tables: 2026 Fed + SD
COL Index: 93.78 (-6.2% vs US)
Net Compensation Yield 76.7% Realized
$61,602 / net annual direct deposit
Gross Adjusted $80,360 $38.63/hr
Effective Tax Drag 17.34% Combined Jurisdictions
Marginal Top Bracket 22% Federal Statutory
Total Withheld -$13,936 $536.00/check
Category 1 of 6

Wage Benchmarking & After-Tax Paycheck Engine

Dynamic statutory tax calculations based on IRS Publication 15-T and state statutory schedules.

$
2,080 annual statutory base hours $38.63 / hour
0 hrs/wk (+$0/yr)
0 hrs (Standard) 10 hrs OT 20 hrs OT 25 hrs Max
6% (-$4,822/yr)
0% Tax Shield: ~$1,061/yr 15% (IRS limit: $24,500)
Itemized Statutory Withholdings Ledger
Federal Income Tax (IRS)
Progressive 10%–37%
-$7,788
Social Security (FICA OASDI)
Statutory 6.20% (Cap $184,500)
-$4,982
Medicare Hospital Insurance
Statutory 1.45%
-$1,165
South Dakota Individual Income Tax
State Marginal Bracket
-$0
Net Take-Home Annual Realized
$61,602 ($2,369.32 / check)
Category 2 of 6

Sioux Falls, SD-MN Risk Management Specialist Wage Distribution

Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) Percentiles & Career Ladders

Your Salary: $80,360
MIDDLE 50% (IQR RANGE) 10th $66.7k 25th $73.6k Median: $80,360 50th (Median) $80.4k 75th $126k 90th $157k You: $80,360
10th (Entry) $66,700 $32.07/hr
25th (Junior) $73,570 $35.37/hr
50th (Median) $80,360 $38.63/hr
75th (Senior) $125,780 $60.47/hr
90th (Lead/Master) $156,510 $75.25/hr
Career Progression & Licensing Milestones for Risk Management Specialist in Sioux Falls, SD-MN
1
Junior Risk AnalystFinancial modeling, risk metric calculations (VaR), portfolio analysis
$49,313$23.71/hr · 0-2 Years
2
Risk Management SpecialistCredit risk, market risk modeling, regulatory reporting (Basel/Dodd-Frank)
$73,970$35.56/hr · 2-5 Years
3
Senior Risk ManagerEnterprise risk frameworks, capital stress testing, counterparty hedging
$99,996$48.08/hr · 5-8 Years
4
Head of Risk GovernanceBoard risk committee reporting, institutional risk appetite governance
$128,762$61.90/hr · 8+ Years
Adjacent Career Pivots & National Pay Differences
Financial Managers+$49,240/yr
National median: $166,570
Skill overlap: 97%View Salary
Personal Financial Advisors-$12,260/yr
National median: $105,070
Skill overlap: 97%
Financial Specialists, All Other-$36,230/yr
National median: $81,100
Skill overlap: 92%
Management Analysts-$15,470/yr
National median: $101,860
Skill overlap: 91%View Salary
Category 3 of 6

HUD Fair Market Rent & EPI Living Wage Affordability Index

Evaluating housing affordability vs. net take-home pay in Sioux Falls, SD-MN under the HUD 30% housing cost guideline.

Rent-to-Take-Home Ratio (HUD 30% Standard)
20% of Net Income
✓ Passes 30% Housing Affordability Standard
HUD Fair Market Rent (1-Bedroom) $1,044/month Requires minimum annual gross of $41,760
HUD Fair Market Rent (2-Bedroom) $1,228/month Requires minimum annual gross of $49,120
Hourly Living Wage Benchmark (EPI model)
1 Adult Earner: $20.74/hr
Per adult, 2 working adults + 1 child: $19.33/hr
Category 4 of 6

Hourly Wage to Annual & Overtime Matrix

Translating base hourly pay and 1.5× overtime into net take-home pay based on 2,080 annual work hours in Sioux Falls, SD-MN.

Swipe horizontally to inspect full pay schedule
Schedule Total Hours/Wk Gross Annual Est. Taxes Net Take-Home Bi-Weekly Check
Standard (40 hrs)40 hrs$80,360-$13,936$61,602$2,369.32
+5h Overtime/Wk45 hrs$95,428-$18,205$71,497$2,749.89
+10h Overtime/Wk50 hrs$110,495-$22,473$81,392$3,130.46
+15h Overtime/Wk55 hrs$125,563-$26,742$91,287$3,511.03
+20h Overtime/Wk60 hrs$140,630-$31,218$100,974$3,883.61
Category 5 of 6

Interstate MSA Relocation & State Tax Migration Comparator

Calculate required compensation, cost-of-living differences, and annual state/local tax savings between two metropolitan areas.

Equivalent Salary in Austin, TX $83,505 Cost of Living Ratio: 69.6%
Annual State & Local Tax Delta +$8,331/yr Tax savings in Austin-Round Rock-San Marcos, TX
Annual Rent Difference (1BR) -$17,676/yr Based on HUD Fair Market Rents
Net Discretionary Cash Flow Impact

Combining state tax savings and annual rent variance when relocating from San Francisco-Oakland-Fremont, CA to Austin-Round Rock-San Marcos, TX.

+$26,007/year
Category 6 of 6 · Executive Economic Briefing
2026 Fiscal Intelligence

Risk Management Specialist in Sioux Falls, SD-MN: Compensation & Purchasing Power Briefing (2026)

Estimates compiled from BLS OEWS wages, IRS 2026 withholding rules, HUD Fair Market Rents, and South Dakota tax codes.

Market Baseline
$80,360/yr
$38.63/hr · SOC 13-2054
Statutory Tax Drag
17.34% Effective
-$13,936 in Total Taxes
HUD 1BR Shelter Ratio
20% Net Pay
✓ Passes 30% HUD Rule
Monthly Discretionary
+$4,090/mo
Post-$1,044/mo 1BR Rent

Key Economic & Compensation Takeaways

Statutory Withholding Architecture

Frequently Asked Questions

Verified Government Data Sources & Statutory Attribution

Wages sourced from US Bureau of Labor Statistics (BLS OEWS). Rents calibrated to HUD Fair Market Rents. Tax schedules calibrated to IRS IRC Title 26, IRS Pub 15-T, and state statutory revenue codes.

BLS OEWS May 2025 HUD FY2027 FMR IRS 15-T
Metro Pay Comparison SOC 13-2054
2026 Statutory Thresholds
  • Federal Standard Deduction (Single) $16,100
  • FICA OASDI Wage Base Cap $184,500
  • Pre-Tax 401(k) Elective Deferral $24,500
  • HSA Individual Annual Limit $4,400

Risk Management Specialist in Sioux Falls, SD-MN: Market Snapshot

Risk Management Specialist roles in Sioux Falls, SD-MN report a median annual wage of $80,360, 31.5% below the national median of $117,330. The 10th to 90th percentile band runs from $66,700 to $156,510, and HUD’s $1,044 monthly one-bedroom fair market rent equals 15.6% of that median gross pay. The single-adult living wage benchmark for the area is $20.74 per hour.

Highest-paying metropolitan areas for Risk Management Specialist

Metropolitan areaMedian annual wageVs this market
San Francisco-Oakland-Fremont, CA$167,440+108.4%
San Jose-Sunnyvale-Santa Clara, CA$166,240+106.9%
New York-Newark-Jersey City, NY-NJ$139,670+73.8%
Seattle-Tacoma-Bellevue, WA$134,330+67.2%
Charlotte-Concord-Gastonia, NC-SC$133,530+66.2%
Boston-Cambridge-Newton, MA-NH$132,580+65.0%
Bridgeport-Stamford-Danbury, CT$132,480+64.9%
Winston-Salem, NC$131,630+63.8%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$130,880+62.9%
Washington-Arlington-Alexandria, DC-VA-MD-WV$126,510+57.4%

Top-paying occupations benchmarked in Sioux Falls, SD-MN

OccupationMedian annual wageMedian hourly
Chief Executives$282,170$135.66/hr
Architectural and Engineering Managers$172,250$82.81/hr
Financial Manager$163,580$78.64/hr
Computer and Information Systems Managers$162,240$78.00/hr
Natural Sciences Managers$151,830$73.00/hr
Marketing Managers$147,550$70.94/hr
General and Operations Managers$142,730$68.62/hr
Sales Managers$135,930$65.35/hr
Physician Assistant$135,790$65.28/hr
Human Resources Managers$134,420$64.62/hr

Wage data: U.S. Bureau of Labor Statistics OEWS May 2025, 121 metropolitan areas publishing this occupation; HUD FY2027 Fair Market Rents; EPI Family Budget Calculator. Taxes use 2026 federal and state rules. Data last updated .

Regional Labor Market & Career Mobility Network

Explore adjacent occupations and neighboring metropolitan wage benchmarks for peer compensation analysis.

Risk Management Specialist Salary in Sioux Falls, SD-MN (2026) Overview

Risk Management Specialist median pay in Sioux Falls, SD-MN is $80,360 a year ($38.63/hr). See take-home pay after 2026 taxes, BLS wage percentiles, HUD rents. Official 2026 economic data for Risk Management Specialist in Sioux Falls, SD-MN compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.

Quick answers
What is the median salary for a Risk Management Specialist in Sioux Falls, SD-MN?

The median annual wage is $80,360 ($38.63 per hour). The middle 80% of earners make between $66,700 and $156,510. Source: BLS OEWS (May 2025).

What is the take-home pay for a Risk Management Specialist in Sioux Falls, SD-MN after taxes?

On the median wage of $80,360, a single filer with no pre-tax deductions takes home about $65,363 a year ($5,447 a month) after $14,997 in federal, FICA, state and local taxes, an effective rate of 18.66%, using 2026 tax rules.