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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
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.