Actuary Salary in Shoreview, MN: $125,184 (2026)
Quick Answer:A full-time actuary in Shoreview, MN earns a median $125,184/year (≈ $60.19/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Shoreview's price level (1% below national, BEA RPP 98.5), that paycheck buys what $127,090 would nationally. Nominal pay sits 5.3% below the Minnesota state average.
Based on BLS state-level estimates · View source
In Shoreview, Minnesota, the estimated median annual salary for actuaries is projected to be $125,184 in 2026. This figure is slightly below the national median of $134,160, indicating a competitive yet modest pay landscape for actuaries in the area. The salary range reflects the varying levels of experience and specialization, with entry-level pay starting at around $78,272 (P10) and seasoned professionals earning up to $194,035 (P90). These estimates are derived from 2025 BLS data, which takes into account regional cost adjustments that can influence local compensation dynamics. As actuaries weigh specialty choices, those in life, health, and pension through the Society of Actuaries (SOA) may find different opportunities than their counterparts in property and casualty positions via the Casualty Actuarial Society (CAS), impacting earning potential.
About the Shoreview Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,272 | $37.63 |
| Lower Range (P25) | $92,363 | $44.41 |
| Median (P50)(typical) | $125,184 | $60.19 |
| Upper Range (P75) | $160,236 | $77.04 |
| Top Earners (P90) | $194,035 | $93.28 |
Median Salary Position
6.69% below the national average
2026 Salary Percentile Distribution in Shoreview
In Shoreview, MN, the actuary salary spread from the 10th to 90th percentile is $115,763 (2026 est.). At $125,184, the local median is 6.69% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Shoreview: You'd be in the lower-middle range
How Shoreview Actuary Pay Compares
Shoreview median: $125,184/year (2026)
| Compared To | Median Salary | Shoreview Pays |
|---|---|---|
| Minnesota Average | $132,190 | -5.30% less |
| National Average | $134,160 | -6.69% less |
Actuarys in Shoreview, MN earn a median of $125,184 per year (2026 est.), which is 6.69% lower than the national median of $134,160 and 5.30% below the Minnesota state average of $132,190.
Cost-of-Living Adjusted Salary
Shoreview 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.
Shoreview, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $125,184 nominally has purchasing power equivalent to $127,090 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$101,101
2025 BLS Actual
$121,302
2026 Current Est.
$125,184
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Shoreview (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $101,101 | Actual |
| 2020 | $103,601 | Actual |
| 2021 | $98,814 | Actual |
| 2022 | $106,363 | Actual |
| 2023 | $111,971 | Actual |
| 2024 | $119,436 | Actual |
| 2025 | $121,302 | Actual |
| 2026(current) | $125,184 | Estimated |
| 2027 | $129,190 | Projected |
Based on 7 years of BLS OEWS data for the Shoreview metropolitan area, the median actuary salary grew 20.0% from $101,101 (2019) to $121,302 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $129,190 by 2027 — a total increase of $28,089 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shoreview 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) | $78,272 – $92,363 |
| 3-5 years (Mid Career) | $92,363 – $125,184 |
| 5+ years (Experienced) | $125,184 – $160,236 |
| 10+ years (Top Earner) | $160,236 – $194,035 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Shoreview
The job market for actuaries in Shoreview has a modest presence, with only six professionals employed in the area. The cost of living, indexed at 98.5, suggests a slight advantage for purchasing power compared to the national average. The highest salaries may be found among life and health insurance companies, such as Prudential and UnitedHealth, as well as consulting firms like Mercer and Aon, which often offer competitive packages that include bonuses for credential advancement. Factors influencing the pay variance include the level of credentialing, with associates (ASA/ACAS) earning less than full fellows (FSA/FCAS), and the specific sector of employment. Exam progression remains a key to boosting salaries; each passed exam can add significantly to base pay. For actuaries in Shoreview, focusing on attaining credentials as well as seeking positions within the more lucrative consulting firms can be crucial strategies for maximizing income in this market.
More salary data for Shoreview, 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 $121,302 for actuariesin the Shoreview 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 Shoreview 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