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.

Find Actuary Jobs in Rochester

Browse open actuary positions in Rochester, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Rochester

How much does a Actuary make in Rochester, MN? ▼
The median actuary salary in Rochester, Minnesota is $113,990 per year, which is 0.0% above the national median of $113,990. Salaries range from $68,400 (10th percentile) to $196,010 (90th percentile).
How much does a Actuary make per hour in Rochester? ▼
Based on the median annual salary of $113,990, a actuary in Rochester earns approximately $55 per hour assuming a standard 2,080-hour work year.
How does Rochester compare to the Minnesota state average for actuary pay? ▼
Rochester's median actuary salary of $113,990 is 1.0% above the Minnesota state average of $112,850. The local cost of living index is 98% of the national average.
What is the cost of living in Rochester, MN? ▼
Rochester has a cost of living index of 98% compared to the national average. This means a actuary salary of $113,990 in Rochester has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Rochester? ▼
Most actuary positions in Rochester 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.