Business & Finance Mitchell, SD Pop. 15,660

Actuary Salary in Mitchell, South Dakota

The median actuary salary in Mitchell, SD is $93,472 per year, which is 18% below the national median and 6.8% below the South Dakota state average.

City Median
$93,472
vs State Avg
$-6,839
vs National
$-20,518
Cost of Living
82%

Actuary Salary in Mitchell by Experience

In Mitchell, an entry-level actuary earns around $57,400, while experienced professionals earn up to $143,500 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$57,400
$-12,600 vs national
Mid Level (3-7 yrs)
$94,300
$-20,700 vs national
Senior Level (8+ yrs)
$143,500
$-31,500 vs national

Salary Percentiles in Mitchell, SD

Percentile Mitchell
10th Percentile $56,088
25th Percentile $71,504
Median (50th) $93,472
75th Percentile $123,820
90th Percentile $160,728

Actuary Salary in Other South Dakota Cities

Sioux Falls, SD
$104,871
Pop. 192,517
Rapid City, SD
$102,591
Pop. 74,703
Brookings, SD
$98,031
Pop. 24,194
Aberdeen, SD
$95,752
Pop. 28,324

How to Become a Actuary in Mitchell

Education

Most actuary positions require a bachelor's degree. Mitchell and the surrounding South 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 Mitchell may vary based on local industry and population growth.

Find Actuary Jobs in Mitchell

Browse open actuary positions in Mitchell, SD:

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Frequently Asked Questions: Actuary Salary in Mitchell

How much does a Actuary make in Mitchell, SD? ▼
The median actuary salary in Mitchell, South Dakota is $93,472 per year, which is 18% below the national median of $113,990. Salaries range from $56,088 (10th percentile) to $160,728 (90th percentile).
How much does a Actuary make per hour in Mitchell? ▼
Based on the median annual salary of $93,472, a actuary in Mitchell earns approximately $45 per hour assuming a standard 2,080-hour work year.
How does Mitchell compare to the South Dakota state average for actuary pay? ▼
Mitchell's median actuary salary of $93,472 is 6.8% below the South Dakota state average of $100,311. The local cost of living index is 82% of the national average.
What is the cost of living in Mitchell, SD? ▼
Mitchell has a cost of living index of 82% compared to the national average. This means a actuary salary of $93,472 in Mitchell has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Mitchell? ▼
Most actuary positions in Mitchell 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.