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North Dakota Earnings
North Dakota Metropolitan Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
Bismarck MSA
|
$92,280 or $44.37/hr
|
$36,940 or $17.76/hr
|
$167,980 or $80.76/hr
|
Fargo ND-MN MSA
|
$108,190 or $52.01/hr
|
$46,160 or $22.19/hr
|
$174,600 or $83.94/hr
|
North Dakota Geographical Areas Wages
Region
|
Average
|
Entry Level
|
Experienced
|
East North Dakota nonmetropolitan area
|
$103,170 or $49.60/hr
|
$37,520 or $18.04/hr
|
$239,200 or $115.00/hr
|
West North Dakota nonmetropolitan area
|
$107,040 or $51.46/hr
|
$37,520 or $18.04/hr
|
$239,200 or $115.00/hr
|
North Dakota's Employment and Outlook (State-wide)
Outlook
|
Increasing Growth rate is estimated to be 22%
|
Job Openings
|
57 estimated annual job openings
|
Employment
|
569 were employed in this occupation
|
Industries
|
Large concentrations of this occupation are found in these industries
-
Nondepository credit intermediation (NAICS522200) (1.98%)
|
Regions with increasing outlook (over 20% growth rate expected)
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
Region 1
|
27
|
22%
|
1
|
2
|
3
|
Region 5
|
273
|
27%
|
7
|
22
|
29
|
Region 6
|
28
|
21%
|
1
|
2
|
3
|
Region 7
|
103
|
22%
|
2
|
8
|
10
|
Regions with decreasing outlook (negative growth rate expected)
Region
|
Employment
|
Projected Growth Rate
|
Annual Openings (growth)
|
Annual Openings (replacement)
|
Annual Openings
|
Region 8
|
28
|
-7%
|
|
2
|
2
|
National Earnings
Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.
Where do these numbers come from?
National Employment and Outlook
Outlook
|
stable
|
|
The employment change from 2021 to 2031 is estimated to be +15%.
(The National average for all occupations is +5%)
|
Job Openings
|
very small number
|
|
A total of 3050 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
|
Employment
|
medium occupation
|
|
This was a medium sized occupation in the United States, employing 330,300 workers in 2021.
(The National average for all occupations is 142,207 workers)
|
Growth
|
Much faster than average growth
|
|
The primary driver of employment growth will be the aging population. As large numbers of baby boomers continue to retire, they are likely to seek planning advice from personal financial advisors. Also, longer lifespans will lead to longer retirement periods, further increasing demand for financial planning services.
|
Industries
|
Large concentrations of this occupation are found in these industries
- Finance and insurance (NAICS520000) (76.8%)
- Securities, commodity contracts, and other financial investments and related activities (NAICS523000) (58.6%)
- Self-employed workers (18.9%)
- Credit intermediation and related activities (NAICS522000) (14.7%)
|