Actuary Salary in Minnesota
Based on 1K+ workers in Minnesota
Median Annual Salary (MN)
$128,100
$61.59/hr
vs National Average
$124,781
+2.7% vs national median
Salary Range (10th–90th)
$80K – $223K
1K employed in Minnesota
Actuaries in Minnesota earn a median salary of $128,100 per year, which is 3% above the national average. With approximately 1,170 actuaries working throughout the state, Minnesota offers competitive compensation for professionals in this specialized field. Salaries in the state range from $79,920 to $223,300 annually, reflecting differences in experience and specialization.
Actuary salary in Minnesota is influenced by several key factors, including years of professional experience, actuarial certifications obtained, and the specific industry sector. Insurance companies, pension funds, and consulting firms may offer varying compensation packages. Geographic location within Minnesota, company size, and individual performance also play important roles in determining where professionals fall within the state's salary range.
Salary Distribution — Actuary in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $79,920 |
| 25th percentile | $98,340 |
| Median (50th percentile) | $128,100 |
| 75th percentile | $165,970 |
| 90th percentile | $223,300 |
Top-Paying Industries for Actuary (U.S.)
Which industries pay Actuarys the most — nationwide figures (industry-level data is not available by state). Actuarys in Minnesota tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Other Services (except Public Administration) | $175,980 | 50 |
| Finance and Insurance | $131,450 | 20K |
| Management of Companies and Enterprises | $129,810 | 1K |
| Government (excl. schools, hospitals & USPS) | $129,650 | 850 |
| Professional, Scientific, and Technical Services | $124,130 | 4K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Actuary in Minnesota vs National
| Year | Median Salary (Minnesota) |
|---|---|
| 2022 | $106,350 |
| 2023 | $104,020 |
| 2024 | $109,190 |
| 2025 | $128,100 |
| 2026 (projected) | $135,786 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Minnesota Median | National Median |
|---|---|---|
| 2022 | $106,350 | $112,138 |
| 2023 | $104,020 | $112,820 |
| 2024 | $109,190 | $121,524 |
| 2025 | $128,100 | $124,781 |
| 2026 (projected) | $135,786 | $132,268 |
Actuary Salary by Experience Level in Minnesota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $98,340 |
| Mid-level | 3-5 yrs | $128,100 |
| Senior | 6-9 yrs | $165,970 |
| Staff / Lead | 10+ yrs | $223,300 |
Actuary Salary in Other States
Related Actuary Salaries in Minnesota
How other high-demand occupations in Minnesota compare to Actuary ($128,100 median).
| Occupation | Median Salary | vs Actuary | Hourly |
|---|---|---|---|
| Financial Manager in MN | $163,410 | +27.6% | $78.56/hr |
| Economist in MN | $105,120 | -17.9% | $50.54/hr |
| Financial Examiner in MN | $104,260 | -18.6% | $50.13/hr |
| Financial Analyst in MN | $102,990 | -19.6% | $49.51/hr |
| Personal Financial Advisor in MN | $102,660 | -19.9% | $49.36/hr |
| Loan Officer in MN | $95,170 | -25.7% | $45.75/hr |
| Budget Analyst in MN | $85,970 | -32.9% | $41.33/hr |
| Compliance Officer in MN | $85,920 | -32.9% | $41.31/hr |
| Securities Sales Agent in MN | $83,350 | -34.9% | $40.07/hr |
| Tax Examiner in MN | $83,280 | -35.0% | $40.04/hr |
| Credit Analyst in MN | $82,630 | -35.5% | $39.73/hr |
| Accountant in MN | $81,600 | -36.3% | $39.23/hr |
Frequently Asked Questions
How much do actuaries make in Minnesota?
- The median salary for actuaries in Minnesota is $128,100 per year, or $62 per hour. This is 2.7% higher than the national average, making Minnesota a competitive market for actuaries.
What is the salary range for actuaries in Minnesota?
- Actuaries in Minnesota earn between $79,920 and $223,300 per year, depending on experience, employer, and specialization. This wide range reflects the variation between entry-level and highly experienced professionals in the field.
How many actuaries work in Minnesota?
- There are approximately 1,170 actuaries employed in Minnesota, representing a solid job market for professionals in this field.
Is Minnesota a good state for actuary salaries?
- Yes, Minnesota offers actuaries competitive compensation with a median salary of $128,100 annually, which exceeds the national average by 2.7%. This makes Minnesota an attractive location for actuaries seeking above-average compensation.