Actuary Salary in Chanhassen, MN: $129,747 (2026)
Quick Answer:A full-time actuary in Chanhassen, MN earns a median $129,747/year (≈ $62.37/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Chanhassen's price level (1% below national, BEA RPP 98.5), that paycheck buys what $131,723 would nationally. Nominal pay sits 1.8% below the Minnesota state average.
Based on BLS state-level estimates · View source
Actuaries in Chanhassen, Minnesota, can expect a median annual salary of $129,747 as of 2026, positioning them slightly below the national median of $134,160. Those entering this profession can anticipate salaries that range from $78,591 at the 10th percentile to $201,108 at the 90th percentile, reflecting a diverse landscape of compensation influenced by various factors such as employer type and actuarial specialty. With consulting firms like Milliman and Mercer often offering higher compensation compared to traditional insurance roles, particularly at the Fellow level, it’s evident that career trajectory and exam progression heavily impact pay within the local job market. Local estimates indicate that actuaries face moderate competition in the area, which may shape overall salary growth.
About the Chanhassen Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,591 | $37.78 |
| Lower Range (P25) | $96,336 | $46.32 |
| Median (P50)(typical) | $129,747 | $62.37 |
| Upper Range (P75) | $166,077 | $79.85 |
| Top Earners (P90) | $201,108 | $96.69 |
Median Salary Position
3.29% below the national average
2026 Salary Percentile Distribution in Chanhassen
In Chanhassen, MN, the actuary salary spread from the 10th to 90th percentile is $122,517 (2026 est.). At $129,747, the local median is 3.29% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Chanhassen: You'd be in the lower-middle range
How Chanhassen Actuary Pay Compares
Chanhassen median: $129,747/year (2026)
| Compared To | Median Salary | Chanhassen Pays |
|---|---|---|
| Minnesota Average | $132,125 | -1.80% less |
| National Average | $134,160 | -3.29% less |
Actuarys in Chanhassen, MN earn a median of $129,747 per year (2026 est.), which is 3.29% lower than the national median of $134,160 and 1.80% below the Minnesota state average of $132,125.
Cost-of-Living Adjusted Salary
Chanhassen 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.
Chanhassen, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $129,747 nominally has purchasing power equivalent to $131,723 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$104,786
2025 BLS Actual
$125,724
2026 Current Est.
$129,747
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Chanhassen (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $104,786 | Actual |
| 2020 | $107,378 | Actual |
| 2021 | $102,417 | Actual |
| 2022 | $110,241 | Actual |
| 2023 | $116,053 | Actual |
| 2024 | $123,790 | Actual |
| 2025 | $125,724 | Actual |
| 2026(current) | $129,747 | Estimated |
| 2027 | $133,899 | Projected |
Based on 7 years of BLS OEWS data for the Chanhassen metropolitan area, the median actuary salary grew 20.0% from $104,786 (2019) to $125,724 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $133,899 by 2027 — a total increase of $29,113 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Chanhassen 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) | $78,591 – $96,336 |
| 3-5 years (Mid Career) | $96,336 – $129,747 |
| 5+ years (Experienced) | $129,747 – $166,077 |
| 10+ years (Top Earner) | $166,077 – $201,108 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Chanhassen
In Chanhassen, there are currently four actuaries employed, highlighting a niche job market that nevertheless offers opportunities for growth. The area's cost of living index rests at 98.5, suggesting that while salaries may be lower than national averages, the overall affordability allows for competitive purchasing power. Life insurance and managed care companies such as UnitedHealth and Prudential, typically offer above-average compensation, followed closely by reinsurance and consulting firms, which place a premium on credentials. The substantial spread in salaries from entry-level to experienced professionals is often attributed to the completion of exams, where each passed exam can incrementally boost base pay. For those aiming to maximize their actuary pay in Chanhassen, prioritizing mastery of the SOA exams and seeking roles in consulting or specialty markets can prove beneficial in achieving higher salary brackets.
More salary data for Chanhassen, MN:
Frequently Asked Questions
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Can actuaries make $100K in Chanhassen?
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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 $125,724 for actuariesin the Chanhassen 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 Chanhassen 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