Business & Finance Minneapolis, MN Pop. 429,954

Actuary Salary in Minneapolis, Minnesota

The median actuary salary in Minneapolis, MN is $121,969 per year, which is 7.0% above the national median and 8.1% above the Minnesota state average.

City Median
$121,969
vs State Avg
+$9,119
vs National
+$7,979
Cost of Living
105%

Actuary Salary in Minneapolis by Experience

In Minneapolis, an entry-level actuary earns around $74,900, while experienced professionals earn up to $187,250 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$74,900
+$4,900 vs national
Mid Level (3-7 yrs)
$123,050
+$8,050 vs national
Senior Level (8+ yrs)
$187,250
+$12,250 vs national

Salary Percentiles in Minneapolis, MN

Percentile Minneapolis
10th Percentile $73,188
25th Percentile $93,304
Median (50th) $121,969
75th Percentile $161,570
90th Percentile $209,731

Actuary Salary in Other Minnesota Cities

Bloomington, MN
$118,550
Pop. 89,987
Saint Paul, MN
$116,270
Pop. 311,527
Rochester, MN
$113,990
Pop. 121,395
Duluth, MN
$104,871
Pop. 90,884

How to Become a Actuary in Minneapolis

Education

Most actuary positions require a bachelor's degree. Minneapolis 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 Minneapolis may vary based on local industry and population growth.

Find Actuary Jobs in Minneapolis

Browse open actuary positions in Minneapolis, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Minneapolis

How much does a Actuary make in Minneapolis, MN? ▼
The median actuary salary in Minneapolis, Minnesota is $121,969 per year, which is 7.0% above the national median of $113,990. Salaries range from $73,188 (10th percentile) to $209,731 (90th percentile).
How much does a Actuary make per hour in Minneapolis? ▼
Based on the median annual salary of $121,969, a actuary in Minneapolis earns approximately $59 per hour assuming a standard 2,080-hour work year.
How does Minneapolis compare to the Minnesota state average for actuary pay? ▼
Minneapolis's median actuary salary of $121,969 is 8.1% above the Minnesota state average of $112,850. The local cost of living index is 105% of the national average.
What is the cost of living in Minneapolis, MN? ▼
Minneapolis has a cost of living index of 105% compared to the national average. This means a actuary salary of $121,969 in Minneapolis has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Minneapolis? ▼
Most actuary positions in Minneapolis 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.