Business & Finance Duluth, MN
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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.