Business & Finance South Dakota (SD) Rank #43 of 50

Actuary Salary in South Dakota

The median actuary salary in South Dakota is $100,311 per year, which is 12% below the national median of $113,990.

Median Salary
$100,311
vs National
$-13,679
State Rank
#43 of 50
Cost of Living
88%

Actuary Salary Overview in South Dakota (2026)

South Dakota ranks #43 out of 50 states for actuary compensation. Actuary salaries in South Dakota are below the national median, though the lower cost of living can offset the difference. At $100,311 per year, actuarys in South Dakota earn $13,679 less than the national median of $113,990.

A key advantage of working in South Dakota is its below-average cost of living (88% of the national index). This means the $100,311 salary has the purchasing power of roughly $113,990 in an average-cost area.

The salary spread in South Dakota is significant: actuarys at the 10th percentile earn $60,192, while those at the 90th percentile bring home $172,489 — a $112,297 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in South Dakota for this role is Sioux Falls, where the median reaches $104,871.

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in South Dakota and beyond.

Actuary Salary in South Dakota by Experience

In South Dakota, an entry-level actuary earns around $61,600, while experienced professionals earn up to $154,000 per year. The cost of living index in South Dakota 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

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Salary Percentiles in South Dakota

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

Actuary Salary by City in South Dakota

The largest employment areas for actuarys in South Dakota include Sioux Falls, Rapid City, Aberdeen, and Brookings. Salaries vary by city based on local cost of living and demand.

How to Become a Actuary in South Dakota

Education

Most actuary positions require a bachelor's degree. South Dakota has several accredited institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook in South Dakota

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). South Dakota's demand may vary based on local industry trends.

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Frequently Asked Questions: Actuary Salary in South Dakota

How much does a Actuary make in South Dakota? ▼
The median actuary salary in South 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 South Dakota? ▼
Based on the median annual salary of $100,311, a actuary in South Dakota earns approximately $48 per hour assuming a standard 2,080-hour work year.
Is South Dakota a good state for actuarys? ▼
South Dakota ranks #43 out of 50 states for actuary pay. The cost of living index is 88% of the national average. Entry-level actuarys earn $61,600, while senior professionals earn $154,000.
How does South Dakota compare to other states for actuary salary? ▼
The highest paying state for actuarys is Hawaii at $193,783. South Dakota's median of $100,311 ranks #43 nationally. Nearby-ranked states include Tennessee ($101,451) and Missouri ($100,311).
What is the entry-level actuary salary in South Dakota? ▼
An entry-level actuary in South Dakota earns approximately $61,600 per year. With 3-7 years of experience, pay increases to around $101,200. Senior-level professionals with 8+ years earn up to $154,000.
What city in South Dakota pays actuarys the most? ▼
Sioux Falls is the highest paying city in South Dakota for actuarys, with a median salary of $104,871. Other cities include Rapid City and Aberdeen.