As of July 01, 2026, the average salary for a Benefits Analyst III in South Dakota is $86,330 per year, which breaks down to an hourly rate of $42.
However, a Benefits Analyst III's salary can vary significantly. Here’s a look at the typical salary range:
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A Benefits Analyst III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Benefits Analyst III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Benefits Analyst I | 0-2 years | $54,173 |
| Benefits Analyst II | 2-4 years | $64,416 |
| Benefits Analyst III | 4-7 years | $86,330 |
| Benefits Analyst IV | 7+ years | $103,629 |
| Benefits Supervisor | 7+ years | $96,776 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Benefits Analyst IIIs. For example, consider the average annual salaries in these key locations:
Benefits Analyst III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $96,559. While startup companies pay approximate $81,660.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $81,660 |
| Growth Stage | 51~500 | $86,368 |
| Established | 501~5000 | $93,246 |
| Enterprise | 5000+ | $96,559 |
For Benefits Analyst III roles, the industry you choose can affect earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 20% above the average. In contrast, Benefits Analyst positions in Transportation or Retail & Wholesale typically offer lower base pay, as these industries often view Benefits Analyst III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $103,596 | $50.0 | 20% |
| Biotechnology | $103,596 | $50.0 | 20% |
| Financial Services | $103,596 | $50.0 | 20% |
| Pharmaceuticals | $103,596 | $50.0 | 20% |
| Software & Networking | $103,596 | $50.0 | 20% |
Understanding how a Benefits Analyst III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Promotions are the fastest way to increase your earnings. As a Benefits Analyst III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| Benefits Administrator IV | $104,514 | 21% |
| Benefits Analyst IV | $103,629 | 20% |
Ready to take the next step in your career? Browse thousands of current Benefits Analyst III job openings on our job board. Use the search bar below to find your perfect match.
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