Actuary Salary in Ramsey, MN: $128,865 (2026)
Quick Answer:A full-time actuary in Ramsey, MN earns a median $128,865/year (≈ $61.95/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Ramsey's price level (1% below national, BEA RPP 98.5), that paycheck buys what $130,827 would nationally. Nominal pay sits 2.5% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Ramsey, Minnesota can expect a median annual salary of $128,865, which is slightly below the national median of $134,160. The local salary range spans from a lower percentile figure of $76,458 to an upper range of $199,741, demonstrating the potential for growth within the field. These figures, derived from 2025 BLS data and adjusted for regional price parity, highlight a competitive market for actuaries despite their salaries being about 3.95% lower than the national average. With a projected annual growth rate of 3.20%, the profession continues to cultivate opportunities for career advancement, making Ramsey an appealing location for aspiring and credentialed actuaries seeking professional development.
About the Ramsey Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,458 | $36.76 |
| Lower Range (P25) | $99,588 | $47.87 |
| Median (P50)(typical) | $128,865 | $61.95 |
| Upper Range (P75) | $164,947 | $79.30 |
| Top Earners (P90) | $199,741 | $96.03 |
Median Salary Position
3.95% below the national average
2026 Salary Percentile Distribution in Ramsey
In Ramsey, MN, the actuary salary spread from the 10th to 90th percentile is $123,283 (2026 est.). At $128,865, the local median is 3.95% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Ramsey: You'd be in the lower-middle range
How Ramsey Actuary Pay Compares
Ramsey median: $128,865/year (2026)
| Compared To | Median Salary | Ramsey Pays |
|---|---|---|
| Minnesota Average | $132,169 | -2.50% less |
| National Average | $134,160 | -3.95% less |
Actuarys in Ramsey, MN earn a median of $128,865 per year (2026 est.), which is 3.95% lower than the national median of $134,160 and 2.50% below the Minnesota state average of $132,169.
Cost-of-Living Adjusted Salary
Ramsey 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.
Ramsey, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $128,865 nominally has purchasing power equivalent to $130,827 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$104,074
2025 BLS Actual
$124,869
2026 Current Est.
$128,865
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Ramsey (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $104,074 | Actual |
| 2020 | $106,648 | Actual |
| 2021 | $101,720 | Actual |
| 2022 | $109,491 | Actual |
| 2023 | $115,264 | Actual |
| 2024 | $122,948 | Actual |
| 2025 | $124,869 | Actual |
| 2026(current) | $128,865 | Estimated |
| 2027 | $132,988 | Projected |
Based on 7 years of BLS OEWS data for the Ramsey metropolitan area, the median actuary salary grew 20.0% from $104,074 (2019) to $124,869 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $132,988 by 2027 — a total increase of $28,914 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Ramsey 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) | $76,458 – $99,588 |
| 3-5 years (Mid Career) | $99,588 – $128,865 |
| 5+ years (Experienced) | $128,865 – $164,947 |
| 10+ years (Top Earner) | $164,947 – $199,741 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Ramsey
The local job market has only seven actuaries currently employed, suggesting a relatively niche environment for this profession in Ramsey, MN. The cost-of-living index stands at 98.5, indicating that living expenses are slightly below the national average, which can positively impact purchasing power. Employers like Prudential and MetLife in life insurance, along with firms such as UnitedHealth in health insurance, offer competitive pay for actuaries. The variance in salaries can largely be attributed to exam progression, where each passed exam can mean an increase of $3,000 to $8,000. Credentialing factors, such as advancing from ASA to FSA, also play a significant role, as does the specialty focus of the actuary, as those in areas like property and casualty reinsurance typically command higher compensation. To maximize pay in this market, actuaries should aim to complete exams, gain diverse experience, and consider opportunities with top-paying employers.
More salary data for Ramsey, 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 $124,869 for actuariesin the Ramsey 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 Ramsey 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