Business & Finance Sioux Falls, SD Pop. 192,517

Actuary Salary in Sioux Falls, South Dakota

The median actuary salary in Sioux Falls, SD is $104,871 per year, which is 8% below the national median and 4.5% above the South Dakota state average.

City Median
$104,871
vs State Avg
+$4,560
vs National
$-9,119
Cost of Living
92%

Actuary Salary in Sioux Falls by Experience

In Sioux Falls, 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 Sioux Falls, SD

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

Actuary Salary in Other South Dakota Cities

Rapid City, SD
$102,591
Pop. 74,703
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 Sioux Falls

Education

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

Find Actuary Jobs in Sioux Falls

Browse open actuary positions in Sioux Falls, SD:

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Frequently Asked Questions: Actuary Salary in Sioux Falls

How much does a Actuary make in Sioux Falls, SD? ▼
The median actuary salary in Sioux Falls, South 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 Sioux Falls? ▼
Based on the median annual salary of $104,871, a actuary in Sioux Falls earns approximately $50 per hour assuming a standard 2,080-hour work year.
How does Sioux Falls compare to the South Dakota state average for actuary pay? ▼
Sioux Falls's median actuary salary of $104,871 is 4.5% above the South Dakota state average of $100,311. The local cost of living index is 92% of the national average.
What is the cost of living in Sioux Falls, SD? ▼
Sioux Falls has a cost of living index of 92% compared to the national average. This means a actuary salary of $104,871 in Sioux Falls has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Sioux Falls? ▼
Most actuary positions in Sioux Falls 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.