Faulkton Area Economic Development Salary

Faulkton Area Economic Development pays its employees an average of $56,906 per year. The average salary at Faulkton Area Economic Development range from $49,942 to $64,759 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

The salary at Faulkton Area Economic Development is lesser than the similar company. The average annual salary at Faulkton Area Economic Development is $56,906, or an hourly wage of $27, in comparison to FOUNDLOWELL which pays $74,862 per year or $36 per hour.

In many roles at Faulkton Area Economic Development, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

Sioux Falls' Cost of Living Index is approximately 90.5 (9.5% less expensive than US average; 3.0% less than SD average). This significantly impacts the purchasing power of a salary from Faulkton Area Economic Development based there. Our "Cost of Living Insights for Sioux Falls" module details this impact, helping you assess the 'real feel' value of your compensation.

Faulkton Area Economic Development generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Faulkton Area Economic Development" section on this page.