Actuaries Salary
The median pay for a actuaries in Minnesota is $128,100/year ($61.59/hour), per BLS data. The range runs from $80K at the entry level to $223K for experienced workers. Cost of living is below average (RPP 92.6), which stretches that salary to about $138,337 in buying power. Rent on a 2-bedroom averages $1,384/month, or 18.3% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Minnesota. Jump to a metro for precise data:
So what does $128K get you in Minnesota?
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What this looks like in Minnesota
Actuaries pay in Minnesota tracks closely to the national median, $128K locally vs. $130K nationwide, a 1% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,384/month, 18.3% of take-home, well inside the 30% guideline. Regional Price Parity sits at 92.6 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, Minnesota
Entry-level actuaries (10th percentile) start around $80K. Mid-career wages sit at $128K. Top earners bring in $223K or more, a $143K spread from bottom to top.
Actuaries salary by metro in Minnesota
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Minneapolis-St. Paul-Bloomington | $126K | -2% | 1,020 |
Compare to other states
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BLS updates this data quarterly. We'll email you when Minnesota numbers change.
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Frequently asked questions
Can a actuary afford a 2BR apartment alone in Minnesota?
Yes — at the median salary of $128K, rent takes 18.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,384/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for actuaries in Minnesota?
The 10th-percentile wage — what new actuaries typically earn — is $80K/year. Take-home on that works out to about $4,795/month. At HUD’s $1,384/month FMR, rent would take 29% of that take-home — manageable on an entry-level income.
Is actuary a high-paying job in Minnesota?
Pay here is roughly in line with the national average — $128K locally vs. $130K nationally, a 1% difference.
How does Minnesota compare to the national average for actuaries?
Minnesota pays $128K median vs. the U.S. average of $130K — that’s -1%. After adjusting for local cost of living (RPP 92.6), the purchasing-power equivalent is $138K — still ahead of the national median.
How much do actuaries make in Minnesota?
The median is $128,100 a year, that works out to about $62 an hour. But the range is wide: entry-level workers start around $79,920, and experienced actuaries can clear $223,300. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $128K enough to live in Minnesota?
On that salary, you'd take home roughly $7,573/month after taxes. A 2-bedroom here rents for about $1,384/month, which eats 18.3% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a actuaries salary go in Minnesota?
Minnesota has a Regional Price Parity of 92.6 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median actuaries salary is worth about $138,337 in national-average purchasing power.
Where do actuaries get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.