Business & Finance Grand Forks, ND Pop. 56,588

Actuary Salary in Grand Forks, North Dakota

The median actuary salary in Grand Forks, ND is $100,311 per year, which is 12% below the national median and 2.2% below the North Dakota state average.

City Median
$100,311
vs State Avg
$-2,280
vs National
$-13,679
Cost of Living
88%

Actuary Pay in Grand Forks: What to Expect (2026)

Grand Forks offers a median actuary salary of $100,311, which is $2,280 below the North Dakota state average of $102,591. Compared to the national median of $113,990, Grand Forks pays below the national benchmark for this role.

One of Grand Forks's biggest advantages is its low cost of living at 88% of the national average. This means the $100,311 salary stretches further here — equivalent to roughly $113,990 in an average-cost city. This makes Grand Forks an attractive option for actuarys seeking strong real-dollar compensation.

The salary range for actuarys in Grand Forks spans from $60,192 at the 10th percentile to $172,489 at the 90th percentile — a $112,297 spread. Entry-level professionals start around $61,600, while senior actuarys with 8+ years of experience can earn up to $154,000. Grand Forks is a smaller market (pop. 56,588), which may mean fewer openings but also less competition for available positions.

Actuary Salary in Grand Forks by Experience

In Grand Forks, an entry-level actuary earns around $61,600, while experienced professionals earn up to $154,000 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$61,600
$-8,400 vs national
Mid Level (3-7 yrs)
$101,200
$-13,800 vs national
Senior Level (8+ yrs)
$154,000
$-21,000 vs national

Salary Percentiles in Grand Forks, ND

Percentile Grand Forks
10th Percentile $60,192
25th Percentile $76,736
Median (50th) $100,311
75th Percentile $132,880
90th Percentile $172,489

Actuary Salary in Other North Dakota Cities

Fargo, ND
$107,151
Pop. 125,990
West Fargo, ND
$106,011
Pop. 38,626
Minot, ND
$104,871
Pop. 48,639
Bismarck, ND
$102,591
Pop. 73,529

How to Become a Actuary in Grand Forks

Education

Most actuary positions require a bachelor's degree. Grand Forks and the surrounding North Dakota 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 Grand Forks may vary based on local industry and population growth.

Find Actuary Jobs in Grand Forks

Browse open actuary positions in Grand Forks, ND:

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Frequently Asked Questions: Actuary Salary in Grand Forks

How much does a Actuary make in Grand Forks, ND? ▼
The median actuary salary in Grand Forks, North Dakota is $100,311 per year, which is 12% below the national median of $113,990. Salaries range from $60,192 (10th percentile) to $172,489 (90th percentile).
How much does a Actuary make per hour in Grand Forks? ▼
Based on the median annual salary of $100,311, a actuary in Grand Forks earns approximately $48 per hour assuming a standard 2,080-hour work year.
How does Grand Forks compare to the North Dakota state average for actuary pay? ▼
Grand Forks's median actuary salary of $100,311 is 2.2% below the North Dakota state average of $102,591. The local cost of living index is 88% of the national average.
What is the cost of living in Grand Forks, ND? ▼
Grand Forks has a cost of living index of 88% compared to the national average. This means a actuary salary of $100,311 in Grand Forks has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Grand Forks? ▼
Most actuary positions in Grand Forks 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.