How to Become a Actuaries in Minnesota
Actuaries in Minnesota earn a median salary of $128,100/year, which is 1% below the national average. Minnesota has a state income tax of ~5.8%. After taxes and rent, a actuaries takes home approximately $6,386/month. Most positions require Bachelor's degree.
What a actuaries can afford in Minnesota
Becoming a actuaries in Minnesota
Meet education requirements
Actuaries positions in Minnesota typically require Bachelor's degree. Programs are available at colleges and training institutions across Minnesota. Research accredited programs in your area.
Gain required experience
Many actuaries positions in Minnesota require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Minnesota licensure or certification
Minnesota may require specific licensing or professional certification for actuariess. Requirements vary by state, contact the Minnesota Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Minnesota
Minnesota employs 1,170 actuaries. The highest concentrations are in Minneapolis-St. Paul-Bloomington.
Actuaries salary by metro area in Minnesota
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $126K | $60.56/hr | 1,020 |
Actuaries salary range in Minnesota
Actuaries careers in other states
Frequently asked questions
How much does a actuaries make in Minnesota?▼
The median actuaries salary in Minnesota is $128,100 per year ($61.59/hr). This is 1% below the national median of $130,000. Salaries range from $79,920 to $223,300.
What are the requirements to become a actuaries in Minnesota?▼
Actuaries positions in Minnesota typically require Bachelor's degree. Minnesota may have specific licensing or certification requirements. Check with the Minnesota licensing board or department of labor for current requirements.
Can a actuaries afford to live in Minnesota?▼
At the median salary of $128,100, a actuaries in Minnesota would take home approximately $7,573/month after taxes. With median 2-bedroom rent at $1,187/month, that's 15.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for actuaries in Minnesota?▼
The highest paying metro areas for actuaries in Minnesota are Minneapolis-St. Paul-Bloomington ($125,960). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Minnesota have state income tax for actuaries?▼
Yes, Minnesota has a state income tax rate of approximately 5.8%. On a $128,100 salary, this means roughly $7,439/year in state income tax. Use our take-home pay calculator for a detailed breakdown.