Business & Finance Rapid City, SD Pop. 74,703

Actuary Salary in Rapid City, South Dakota

The median actuary salary in Rapid City, SD is $102,591 per year, which is 10% below the national median and 2.3% above the South Dakota state average.

City Median
$102,591
vs State Avg
+$2,280
vs National
$-11,399
Cost of Living
90%

Actuary Salary in Rapid City by Experience

In Rapid City, an entry-level actuary earns around $63,000, while experienced professionals earn up to $157,500 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$63,000
$-7,000 vs national
Mid Level (3-7 yrs)
$103,500
$-11,500 vs national
Senior Level (8+ yrs)
$157,500
$-17,500 vs national

Salary Percentiles in Rapid City, SD

Percentile Rapid City
10th Percentile $61,560
25th Percentile $78,480
Median (50th) $102,591
75th Percentile $135,900
90th Percentile $176,409

Actuary Salary in Other South Dakota Cities

Sioux Falls, SD
$104,871
Pop. 192,517
Brookings, SD
$98,031
Pop. 24,194
Aberdeen, SD
$95,752
Pop. 28,324
Mitchell, SD
$93,472
Pop. 15,660

How to Become a Actuary in Rapid City

Education

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

Find Actuary Jobs in Rapid City

Browse open actuary positions in Rapid City, SD:

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Frequently Asked Questions: Actuary Salary in Rapid City

How much does a Actuary make in Rapid City, SD? ▼
The median actuary salary in Rapid City, South Dakota is $102,591 per year, which is 10% below the national median of $113,990. Salaries range from $61,560 (10th percentile) to $176,409 (90th percentile).
How much does a Actuary make per hour in Rapid City? ▼
Based on the median annual salary of $102,591, a actuary in Rapid City earns approximately $49 per hour assuming a standard 2,080-hour work year.
How does Rapid City compare to the South Dakota state average for actuary pay? ▼
Rapid City's median actuary salary of $102,591 is 2.3% above the South Dakota state average of $100,311. The local cost of living index is 90% of the national average.
What is the cost of living in Rapid City, SD? ▼
Rapid City has a cost of living index of 90% compared to the national average. This means a actuary salary of $102,591 in Rapid City has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Rapid City? ▼
Most actuary positions in Rapid City 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.