Actuary Salary in Burnsville, MN: $130,319 (2026)
Quick Answer:A full-time actuary in Burnsville, MN earns a median $130,319/year (≈ $62.65/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Burnsville's price level (1% below national, BEA RPP 98.5), that paycheck buys what $132,304 would nationally. Nominal pay sits 1.4% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Burnsville, Minnesota, actuaries can expect a median annual salary of $130,319 in 2026, slightly trailing the national median of $134,160. The projected salary range for these professionals spans from $83,642 at the 10th percentile to $201,994 for those at the 90th percentile, indicating a robust earning potential. These figures are derived from state-level analysis and regional cost adjustments, providing insight specific to the Burnsville market. Actuarial roles in this area tend to gravitate towards either the Society of Actuaries (SOA) with a focus on life, health, and pension sectors, or the Casualty Actuarial Society (CAS), specializing in property and casualty insurance. Despite the slight dip compared to the national median, the diverse range of actuarial specialties available in Burnsville creates a competitive environment for professionals seeking to establish or advance their careers.
About the Burnsville Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $83,642 | $40.22 |
| Lower Range (P25) | $100,603 | $48.37 |
| Median (P50)(typical) | $130,319 | $62.65 |
| Upper Range (P75) | $166,808 | $80.20 |
| Top Earners (P90) | $201,994 | $97.11 |
Median Salary Position
2.86% below the national average
2026 Salary Percentile Distribution in Burnsville
In Burnsville, MN, the actuary salary spread from the 10th to 90th percentile is $118,352 (2026 est.). At $130,319, the local median is 2.86% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Burnsville: You'd be in the lower-middle range
How Burnsville Actuary Pay Compares
Burnsville median: $130,319/year (2026)
| Compared To | Median Salary | Burnsville Pays |
|---|---|---|
| Minnesota Average | $132,169 | -1.40% less |
| National Average | $134,160 | -2.86% less |
Actuarys in Burnsville, MN earn a median of $130,319 per year (2026 est.), which is 2.86% lower than the national median of $134,160 and 1.40% below the Minnesota state average of $132,169.
Cost-of-Living Adjusted Salary
Burnsville 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.
Burnsville, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $130,319 nominally has purchasing power equivalent to $132,304 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$105,248
2025 BLS Actual
$126,278
2026 Current Est.
$130,319
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Burnsville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $105,248 | Actual |
| 2020 | $107,851 | Actual |
| 2021 | $102,868 | Actual |
| 2022 | $110,726 | Actual |
| 2023 | $116,564 | Actual |
| 2024 | $124,335 | Actual |
| 2025 | $126,278 | Actual |
| 2026(current) | $130,319 | Estimated |
| 2027 | $134,489 | Projected |
Based on 7 years of BLS OEWS data for the Burnsville metropolitan area, the median actuary salary grew 20.0% from $105,248 (2019) to $126,278 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $134,489 by 2027 — a total increase of $29,241 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Burnsville 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) | $83,642 – $100,603 |
| 3-5 years (Mid Career) | $100,603 – $130,319 |
| 5+ years (Experienced) | $130,319 – $166,808 |
| 10+ years (Top Earner) | $166,808 – $201,994 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Burnsville
Employment for actuaries in Burnsville is limited but notable, with only nine professionals working in the field. Those considering a career in this city should consider the local cost of living, reflected in a cost-of-living index of 98.5, which slightly eases the financial burden on residents. Major employers that typically offer competitive salaries include life insurance companies such as Prudential and MetLife, as well as health insurers like UnitedHealth. The broad salary spread in Burnsville can be attributed to various factors including exam progression, with each completed exam generally leading to salary increases and greater responsibility. Pursuing advanced credentials like FSA or FCAS can open more lucrative opportunities, particularly within consulting firms, which are known for financial incentives aligned with the attainment of professional designations. Candidates aiming for the highest pays should focus on specialty areas that offer premium compensation and explore networking opportunities within the consulting sphere to enhance their prospects.
More salary data for Burnsville, MN:
Frequently Asked Questions
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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 $126,278 for actuariesin the Burnsville 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 Burnsville 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