Actuary Salary in Rochester, MN: $133,026 (2026)
Quick Answer:A full-time actuary in Rochester, MN earns a median $133,026/year (≈ $63.95/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Rochester's price level (1% below national, BEA RPP 98.5), that paycheck buys what $135,052 would nationally. Nominal pay sits 0.7% above the Minnesota state average.
Based on BLS state-level estimates · View source
In Rochester, MN, actuaries can expect a median annual salary of $133,026 in 2026, slightly below the national median of $134,160 for the same year. The local salary range for this profession extends from $83,822 at the 10th percentile to $206,191 at the 90th percentile, indicating considerable variation based on experience and specialization. These projections, derived from 2025 BLS data adjusted for regional price parities, reflect the competitive landscape in Rochester where consulting firms may offer higher salaries compared to traditional insurers, especially for fully credentialed actuaries. As the market evolves, opportunities for actuaries in Rochester are expected to expand, particularly for those well-versed in predictive analytics and data science.
About the Rochester Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $83,822 | $40.30 |
| Lower Range (P25) | $101,770 | $48.93 |
| Median (P50)(typical) | $133,026 | $63.95 |
| Upper Range (P75) | $170,273 | $81.86 |
| Top Earners (P90) | $206,191 | $99.13 |
Median Salary Position
0.85% below the national average
2026 Salary Percentile Distribution in Rochester
In Rochester, MN, the actuary salary spread from the 10th to 90th percentile is $122,369 (2026 est.). At $133,026, the local median is 0.85% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Rochester: You'd be in the lower-middle range
How Rochester Actuary Pay Compares
Rochester median: $133,026/year (2026)
| Compared To | Median Salary | Rochester Pays |
|---|---|---|
| Minnesota Average | $132,101 | +0.70% more |
| National Average | $134,160 | -0.85% less |
Actuarys in Rochester, MN earn a median of $133,026 per year (2026 est.), which is 0.85% lower than the national median of $134,160 and 0.70% above the Minnesota state average of $132,101.
Cost-of-Living Adjusted Salary
Rochester 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.
Rochester, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $133,026 nominally has purchasing power equivalent to $135,052 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$107,434
2025 BLS Actual
$128,901
2026 Current Est.
$133,026
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Rochester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $107,434 | Actual |
| 2020 | $110,091 | Actual |
| 2021 | $105,005 | Actual |
| 2022 | $113,026 | Actual |
| 2023 | $118,986 | Actual |
| 2024 | $126,918 | Actual |
| 2025 | $128,901 | Actual |
| 2026(current) | $133,026 | Estimated |
| 2027 | $137,283 | Projected |
Based on 7 years of BLS OEWS data for the Rochester metropolitan area, the median actuary salary grew 20.0% from $107,434 (2019) to $128,901 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $137,283 by 2027 — a total increase of $29,849 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Rochester 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) | $83,822 – $101,770 |
| 3-5 years (Mid Career) | $101,770 – $133,026 |
| 5+ years (Experienced) | $133,026 – $170,273 |
| 10+ years (Top Earner) | $170,273 – $206,191 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Rochester
The job market for actuaries in Rochester currently employs 29 professionals, with a cost of living index of 98.5 that denotes a slightly lower-than-average expense compared to national norms. This makes the actuary pay in Rochester MN relatively attractive for those considering relocation, given the local economic context. Employers such as health insurers like UnitedHealth and Cigna generally offer competitive salaries, while consulting firms including Milliman and Mercer often pay premium rates for Fellows of the Society of Actuaries (FSA) or Casualty Actuarial Society (FCAS). The wide salary spread can be influenced by numerous factors, including exam progression, where each passed exam accounts for increases in base pay, as well as market specialization. Actuaries progressing from Associate to Fellow status may see significant jumps in compensation. Professionals aiming to maximize their pay should focus on gaining relevant VEE credits, pursuing advanced credentials, and seeking roles in high-demand sectors like property and casualty reinsurance or consulting.
More salary data for Rochester, 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 $128,901 for actuariesin the Rochester 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 Rochester 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