Business & Finance Minot, ND Pop. 48,639

Actuary Salary in Minot, North Dakota

The median actuary salary in Minot, ND is $104,871 per year, which is 8% below the national median and 2.2% above the North Dakota state average.

City Median
$104,871
vs State Avg
+$2,280
vs National
$-9,119
Cost of Living
92%

Actuary Salary in Minot by Experience

In Minot, an entry-level actuary earns around $64,400, while experienced professionals earn up to $161,000 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$64,400
$-5,600 vs national
Mid Level (3-7 yrs)
$105,800
$-9,200 vs national
Senior Level (8+ yrs)
$161,000
$-14,000 vs national

Salary Percentiles in Minot, ND

Percentile Minot
10th Percentile $62,928
25th Percentile $80,224
Median (50th) $104,871
75th Percentile $138,920
90th Percentile $180,329

Actuary Salary in Other North Dakota Cities

Fargo, ND
$107,151
Pop. 125,990
West Fargo, ND
$106,011
Pop. 38,626
Bismarck, ND
$102,591
Pop. 73,529
Grand Forks, ND
$100,311
Pop. 56,588

How to Become a Actuary in Minot

Education

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

Find Actuary Jobs in Minot

Browse open actuary positions in Minot, ND:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Minot

How much does a Actuary make in Minot, ND? ▼
The median actuary salary in Minot, North Dakota is $104,871 per year, which is 8% below the national median of $113,990. Salaries range from $62,928 (10th percentile) to $180,329 (90th percentile).
How much does a Actuary make per hour in Minot? ▼
Based on the median annual salary of $104,871, a actuary in Minot earns approximately $50 per hour assuming a standard 2,080-hour work year.
How does Minot compare to the North Dakota state average for actuary pay? ▼
Minot's median actuary salary of $104,871 is 2.2% above the North Dakota state average of $102,591. The local cost of living index is 92% of the national average.
What is the cost of living in Minot, ND? ▼
Minot has a cost of living index of 92% compared to the national average. This means a actuary salary of $104,871 in Minot has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Minot? ▼
Most actuary positions in Minot 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.