Actuary Salary in Austin, MN: $124,989 (2026)
Quick Answer:A full-time actuary in Austin, MN earns a median $124,989/year (≈ $60.09/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Austin's price level (1% below national, BEA RPP 98.5), that paycheck buys what $126,892 would nationally. Nominal pay sits 5.4% below the Minnesota state average.
Based on BLS state-level estimates · View source
Actuaries in Austin, Minnesota, can expect a median annual pay of $124,989 in 2026, a figure that reflects local estimates derived from 2025 BLS data and regionally adjusted costs of living. The salary spectrum for this profession ranges from a lower threshold of $74,076 at the 10th percentile to an upper limit of $193,732 at the 90th percentile. While this compensation is slightly below the national median of $134,160, it illustrates a consistent market that supports four actuaries presently employed in Austin. Understanding these salary figures is crucial for aspiring and current actuaries in navigating their career and educational paths in this city.
About the Austin Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $74,076 | $35.61 |
| Lower Range (P25) | $91,987 | $44.22 |
| Median (P50)(typical) | $124,989 | $60.09 |
| Upper Range (P75) | $159,986 | $76.91 |
| Top Earners (P90) | $193,732 | $93.14 |
Median Salary Position
6.84% below the national average
2026 Salary Percentile Distribution in Austin
In Austin, MN, the actuary salary spread from the 10th to 90th percentile is $119,656 (2026 est.). At $124,989, the local median is 6.84% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Austin: You'd be in the lower-middle range
How Austin Actuary Pay Compares
Austin median: $124,989/year (2026)
| Compared To | Median Salary | Austin Pays |
|---|---|---|
| Minnesota Average | $132,123 | -5.40% less |
| National Average | $134,160 | -6.84% less |
Actuarys in Austin, MN earn a median of $124,989 per year (2026 est.), which is 6.84% lower than the national median of $134,160 and 5.40% below the Minnesota state average of $132,123.
Cost-of-Living Adjusted Salary
Austin has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Austin, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $124,989 nominally has purchasing power equivalent to $126,892 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$100,943
2025 BLS Actual
$121,113
2026 Current Est.
$124,989
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Austin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,943 | Actual |
| 2020 | $103,440 | Actual |
| 2021 | $98,661 | Actual |
| 2022 | $106,197 | Actual |
| 2023 | $111,797 | Actual |
| 2024 | $119,250 | Actual |
| 2025 | $121,113 | Actual |
| 2026(current) | $124,989 | Estimated |
| 2027 | $128,988 | Projected |
Based on 7 years of BLS OEWS data for the Austin metropolitan area, the median actuary salary grew 20.0% from $100,943 (2019) to $121,113 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $128,988 by 2027 — a total increase of $28,045 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Austin metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $74,076 – $91,987 |
| 3-5 years (Mid Career) | $91,987 – $124,989 |
| 5+ years (Experienced) | $124,989 – $159,986 |
| 10+ years (Top Earner) | $159,986 – $193,732 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Austin
In Austin, the cost-of-living index stands at 98.5, indicating a relatively affordable environment, which enhances the purchasing power of salaries compared to many larger metropolitan areas. Employers in this region can vary widely in their compensation offerings, with life insurance companies like Prudential and MetLife often providing competitive wages, while consulting firms such as Mercer and Aon may offer the highest pay scales, especially for FSAs and FCAS credential holders. The disparity in pay within this market is primarily driven by exam progression; each examination passed can yield an increase of $3,000 to $8,000 in annual earnings. Additionally, credentials and specialty areas, particularly in property and casualty reinsurance, can significantly impact salary levels. For those looking to maximize their earnings in Austin, it is advisable to aim for complete ASA and FSA designations while gaining relevant experience in high-paying industries like consulting and P&C.
More salary data for Austin, MN:
Frequently Asked Questions
How much do actuaries make in Austin, MN in 2026?
Is Austin, MN a good place to work as a actuary?
Can actuaries make $100K in Austin?
What is the cost-of-living adjusted actuary salary in Austin?
How much does a actuary make per hour in Austin?
Related Pages
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $121,113 for actuariesin the Austin metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Austin is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov