Actuary Salary in Northfield, MN: $126,171 (2026)
Quick Answer:A full-time actuary in Northfield, MN earns a median $126,171/year (≈ $60.66/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Northfield's price level (1% below national, BEA RPP 98.5), that paycheck buys what $128,092 would nationally. Nominal pay sits 4.5% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, actuary salaries in Northfield, Minnesota, average around $126,171, illustrating a slight decrease compared to the national median of $134,160. The local salary spectrum ranges from $79,620 at the lower end to $195,565 for experienced professionals, reflecting the competitive nature of the actuarial field in the region. These figures, drawn from estimates based on 2025 BLS state-level data and adjusted for regional price variations, indicate how much do actuaries make in Northfield can vary widely depending on experience and specialization. As the job market evolves, consulting firms such as Milliman and Mercer often offer higher compensation for FSA and FCAS credentialed actuaries compared to traditional insurers, indicating a strong pay gradient influenced by the type of employer.
About the Northfield Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $79,620 | $38.28 |
| Lower Range (P25) | $95,715 | $46.02 |
| Median (P50)(typical) | $126,171 | $60.66 |
| Upper Range (P75) | $160,726 | $77.28 |
| Top Earners (P90) | $195,565 | $94.03 |
Median Salary Position
5.95% below the national average
2026 Salary Percentile Distribution in Northfield
In Northfield, MN, the actuary salary spread from the 10th to 90th percentile is $115,945 (2026 est.). At $126,171, the local median is 5.95% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Northfield: You'd be in the lower-middle range
How Northfield Actuary Pay Compares
Northfield median: $126,171/year (2026)
| Compared To | Median Salary | Northfield Pays |
|---|---|---|
| Minnesota Average | $132,117 | -4.50% less |
| National Average | $134,160 | -5.95% less |
Actuarys in Northfield, MN earn a median of $126,171 per year (2026 est.), which is 5.95% lower than the national median of $134,160 and 4.50% below the Minnesota state average of $132,117.
Cost-of-Living Adjusted Salary
Northfield 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.
Northfield, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $126,171 nominally has purchasing power equivalent to $128,092 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$101,898
2025 BLS Actual
$122,259
2026 Current Est.
$126,171
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Northfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $101,898 | Actual |
| 2020 | $104,419 | Actual |
| 2021 | $99,594 | Actual |
| 2022 | $107,202 | Actual |
| 2023 | $112,854 | Actual |
| 2024 | $120,378 | Actual |
| 2025 | $122,259 | Actual |
| 2026(current) | $126,171 | Estimated |
| 2027 | $130,209 | Projected |
Based on 7 years of BLS OEWS data for the Northfield metropolitan area, the median actuary salary grew 20.0% from $101,898 (2019) to $122,259 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $130,209 by 2027 — a total increase of $28,311 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Northfield 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) | $79,620 – $95,715 |
| 3-5 years (Mid Career) | $95,715 – $126,171 |
| 5+ years (Experienced) | $126,171 – $160,726 |
| 10+ years (Top Earner) | $160,726 – $195,565 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Northfield
The local workforce currently includes only six actuaries, signaling a niche yet stable market in Northfield, MN. With a cost of living index of 98.5, professionals in this area may find their take-home pay more favorable, especially compared to national averages. While life insurance companies like Prudential and health insurers such as UnitedHealth provide viable employment options, consulting firms tend to lead in compensation, especially for actuaries who have advanced through exam progressions. The earnings gap within the profession often hinges on factors such as completed exams, credential level, and specific market niches, with those in property and casualty reinsurance or advanced analytics likely enjoying higher pay. To maximize earning potential, actuaries should focus on gaining specialized skills and pursuing additional credentials while actively seeking opportunities in firms known for competitive pay packages and signing bonuses.
More salary data for Northfield, 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 $122,259 for actuariesin the Northfield 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 Northfield 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