Actuary Salary in Mitchell, SD: $93,472 (2026)

Actuary Pay in Mitchell: What to Expect (2026)

Mitchell offers a median actuary salary of $93,472, which is $6,839 below the South Dakota state average of $100,311. Compared to the national median of $113,990, Mitchell pays below the national benchmark for this role.

One of Mitchell's biggest advantages is its low cost of living at 82% of the national average. This means the $93,472 salary stretches further here — equivalent to roughly $113,990 in an average-cost city. This makes Mitchell an attractive option for actuarys seeking strong real-dollar compensation.

The salary range for actuarys in Mitchell spans from $56,088 at the 10th percentile to $160,728 at the 90th percentile — a $104,640 spread. Entry-level professionals start around $57,400, while senior actuarys with 8+ years of experience can earn up to $143,500. Mitchell is a smaller market (pop. 15,660), which may mean fewer openings but also less competition for available positions.

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

Percentile	Mitchell	SD State	National
10th Percentile	$56,088	$60,192	$68,400
25th Percentile	$71,504	$76,736	$87,200
Median (50th)	$93,472	$100,311	$113,990
75th Percentile	$123,820	$132,880	$151,000
90th Percentile	$160,728	$172,489	$196,010

Percentile

Mitchell

10th Percentile

$56,088

25th Percentile

$71,504

Median (50th)

$93,472

75th Percentile

$123,820

90th Percentile

$160,728

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.

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.

Actuary Salary in Mitchell, South Dakota