Business & Finance Rochester, MN Pop. 121,395

Actuary Salary in Rochester, Minnesota

The median actuary salary in Rochester, MN is $113,990 per year, which is 0.0% above the national median and 1.0% above the Minnesota state average.

City Median
$113,990
vs State Avg
+$1,140
vs National
+$0
Cost of Living
98%

Actuary Salary in Rochester by Experience

In Rochester, an entry-level actuary earns around $70,000, while experienced professionals earn up to $175,000 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$70,000
+$0 vs national
Mid Level (3-7 yrs)
$115,000
+$0 vs national
Senior Level (8+ yrs)
$175,000
+$0 vs national

Salary Percentiles in Rochester, MN

Percentile Rochester
10th Percentile $68,400
25th Percentile $87,200
Median (50th) $113,990
75th Percentile $151,000
90th Percentile $196,010

Actuary Salary in Other Minnesota Cities

Minneapolis, MN
$121,969
Pop. 429,954
Bloomington, MN
$118,550
Pop. 89,987
Saint Paul, MN
$116,270
Pop. 311,527
Duluth, MN
$104,871
Pop. 90,884

How to Become a Actuary in Rochester

Education

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