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Actuary Salary in Duluth, Minnesota
The median actuary salary in Duluth, MN is $104,871 per year, which is 8% below the national median and 7.1% below the Minnesota state average.
City Median
$104,871
vs State Avg
$-7,979
vs National
$-9,119
Cost of Living
90%
Actuary Salary in Duluth by Experience
In Duluth, an entry-level actuary earns around $64,400, while experienced professionals earn up to $161,000 per year. The local cost of living index is 90% of the national average.
Entry Level (0-2 yrs)
$64,400
$-5,600 vs national
Mid Level (3-7 yrs)
$105,800
$-9,200 vs national
Senior Level (8+ yrs)
$161,000
$-14,000 vs national
Salary Percentiles in Duluth, MN
| Percentile | Duluth |
|---|---|
| 10th Percentile | $62,928 |
| 25th Percentile | $80,224 |
| Median (50th) | $104,871 |
| 75th Percentile | $138,920 |
| 90th Percentile | $180,329 |
Actuary Salary in Other Minnesota Cities
How to Become a Actuary in Duluth
Education
Most actuary positions require a bachelor's degree. Duluth and the surrounding Minnesota area have institutions offering relevant programs.
Key Skills
Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams
Job Outlook
Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Demand in Duluth may vary based on local industry and population growth.
Find Actuary Jobs in Duluth
Browse open actuary positions in Duluth, MN:
Frequently Asked Questions: Actuary Salary in Duluth
How much does a Actuary make in Duluth, MN? ▼
The median actuary salary in Duluth, Minnesota is $104,871 per year, which is 8% below the national median of $113,990. Salaries range from $62,928 (10th percentile) to $180,329 (90th percentile).
How much does a Actuary make per hour in Duluth? ▼
Based on the median annual salary of $104,871, a actuary in Duluth earns approximately $50 per hour assuming a standard 2,080-hour work year.
How does Duluth compare to the Minnesota state average for actuary pay? ▼
Duluth's median actuary salary of $104,871 is 7.1% below the Minnesota state average of $112,850. The local cost of living index is 90% of the national average.
What is the cost of living in Duluth, MN? ▼
Duluth has a cost of living index of 90% compared to the national average. This means a actuary salary of $104,871 in Duluth has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Duluth? ▼
Most actuary positions in Duluth require a bachelor's degree. Key skills include Statistical Modeling, Risk Assessment, Financial Mathematics, Excel/VBA. The job market is projected to grow 21% nationally over the next decade.