Actuary Salary in Hastings, MN: $125,903 (2026)
Quick Answer:A full-time actuary in Hastings, MN earns a median $125,903/year (≈ $60.53/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Hastings's price level (1% below national, BEA RPP 98.5), that paycheck buys what $127,820 would nationally. Nominal pay sits 4.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
Actuaries in Hastings, Minnesota, can anticipate a median annual salary of $125,903 in 2026, which sits below the national median of $134,160. The salary figures highlight a broad range, where entry-level positions might start at $78,988 (P10) while seasoned professionals can earn up to $194,676 (P90). Local salary estimates, derived from 2025 BLS OEWS data and adjusted for regional cost implications, indicate that actuaries in this city earn somewhat less than their counterparts nationwide. The disparity in compensation is often influenced by the type of employer, with consulting firms typically presenting higher pay scales compared to traditional insurance companies. Professionals in Hastings should be aware of the competitive nature of the job market and the varying opportunities available in different sectors.
About the Hastings Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,988 | $37.98 |
| Lower Range (P25) | $95,174 | $45.76 |
| Median (P50)(typical) | $125,903 | $60.53 |
| Upper Range (P75) | $160,067 | $76.96 |
| Top Earners (P90) | $194,676 | $93.59 |
Median Salary Position
6.15% below the national average
2026 Salary Percentile Distribution in Hastings
In Hastings, MN, the actuary salary spread from the 10th to 90th percentile is $115,688 (2026 est.). At $125,903, the local median is 6.15% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Hastings: You'd be in the lower-middle range
How Hastings Actuary Pay Compares
Hastings median: $125,903/year (2026)
| Compared To | Median Salary | Hastings Pays |
|---|---|---|
| Minnesota Average | $132,112 | -4.70% less |
| National Average | $134,160 | -6.15% less |
Actuarys in Hastings, MN earn a median of $125,903 per year (2026 est.), which is 6.15% lower than the national median of $134,160 and 4.70% below the Minnesota state average of $132,112.
Cost-of-Living Adjusted Salary
Hastings 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.
Hastings, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $125,903 nominally has purchasing power equivalent to $127,820 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$101,681
2025 BLS Actual
$121,999
2026 Current Est.
$125,903
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Hastings (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $101,681 | Actual |
| 2020 | $104,197 | Actual |
| 2021 | $99,382 | Actual |
| 2022 | $106,974 | Actual |
| 2023 | $112,614 | Actual |
| 2024 | $120,122 | Actual |
| 2025 | $121,999 | Actual |
| 2026(current) | $125,903 | Estimated |
| 2027 | $129,932 | Projected |
Based on 7 years of BLS OEWS data for the Hastings metropolitan area, the median actuary salary grew 20.0% from $101,681 (2019) to $121,999 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $129,932 by 2027 — a total increase of $28,251 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hastings 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) | $78,988 – $95,174 |
| 3-5 years (Mid Career) | $95,174 – $125,903 |
| 5+ years (Experienced) | $125,903 – $160,067 |
| 10+ years (Top Earner) | $160,067 – $194,676 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Hastings
Focusing on the local job market, Hastings employs a small cohort of just five actuaries, indicating a niche field within the broader industry. The area's cost of living index at 98.5 suggests that living expenses are slightly below the national average, enhancing the potential purchasing power of actuaries earning competitive salaries. Among the employers in Hastings, life and health insurance firms may offer robust compensation packages, but consulting firms like Milliman and Mercer likely lead in salary potential, especially for FSAs and FCAS who have demonstrated significant exam progression. Understanding the dynamics of pay in this city is crucial; the gap between lower and higher earners often hinges on the completion of exams and the transition from ASA to FSA. To maximize pay in Hastings, aspirants should focus on continuing their education, obtaining relevant credentials, and exploring opportunities in consulting where the financial rewards can be substantially higher.
More salary data for Hastings, 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 $121,999 for actuariesin the Hastings 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 Hastings 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