Actuary Salary in St. Louis Park, MN: $127,276 (2026)
Quick Answer:A full-time actuary in St. Louis Park, MN earns a median $127,276/year (≈ $61.19/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in St. Louis Park's price level (1% below national, BEA RPP 98.5), that paycheck buys what $129,214 would nationally. Nominal pay sits 3.7% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in St. Louis Park, Minnesota are projected to earn a median annual salary of $127,276, reflecting the competitive landscape for this profession. The full salary range spans from $79,714 at the 10th percentile to $197,277 at the 90th percentile. These figures, derived from 2025 BLS data and adjusted for regional cost of living, showcase the strong demand for actuaries, particularly those who advance to Fellow status. Individuals in consulting firms such as Milliman, Mercer, or WTW may experience higher compensation than their counterparts in traditional insurance roles, emphasizing the need for candidates to consider their employer's sector when assessing actuarial pay in St. Louis Park.
About the St. Louis Park Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $79,714 | $38.33 |
| Lower Range (P25) | $96,436 | $46.37 |
| Median (P50)(typical) | $127,276 | $61.19 |
| Upper Range (P75) | $162,913 | $78.32 |
| Top Earners (P90) | $197,277 | $94.84 |
Median Salary Position
5.13% below the national average
2026 Salary Percentile Distribution in St. Louis Park
In St. Louis Park, MN, the actuary salary spread from the 10th to 90th percentile is $117,563 (2026 est.). At $127,276, the local median is 5.13% below the national median of $134,160.
Salary Calculator
At 40 hours/week in St. Louis Park: You'd be in the lower-middle range
How St. Louis Park Actuary Pay Compares
St. Louis Park median: $127,276/year (2026)
| Compared To | Median Salary | St. Louis Park Pays |
|---|---|---|
| Minnesota Average | $132,166 | -3.70% less |
| National Average | $134,160 | -5.13% less |
Actuarys in St. Louis Park, MN earn a median of $127,276 per year (2026 est.), which is 5.13% lower than the national median of $134,160 and 3.70% below the Minnesota state average of $132,166.
Cost-of-Living Adjusted Salary
St. Louis Park 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.
St. Louis Park, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $127,276 nominally has purchasing power equivalent to $129,214 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$102,790
2025 BLS Actual
$123,329
2026 Current Est.
$127,276
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in St. Louis Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,790 | Actual |
| 2020 | $105,332 | Actual |
| 2021 | $100,466 | Actual |
| 2022 | $108,141 | Actual |
| 2023 | $113,842 | Actual |
| 2024 | $121,432 | Actual |
| 2025 | $123,329 | Actual |
| 2026(current) | $127,276 | Estimated |
| 2027 | $131,348 | Projected |
Based on 7 years of BLS OEWS data for the St. Louis Park metropolitan area, the median actuary salary grew 20.0% from $102,790 (2019) to $123,329 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,348 by 2027 — a total increase of $28,558 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the St. Louis Park 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) | $79,714 – $96,436 |
| 3-5 years (Mid Career) | $96,436 – $127,276 |
| 5+ years (Experienced) | $127,276 – $162,913 |
| 10+ years (Top Earner) | $162,913 – $197,277 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in St. Louis Park
Given the local employment scenario, there are currently only nine actuaries working in St. Louis Park. With a cost of living index at 98.5, the area offers a relatively affordable backdrop that enhances the purchasing power of these salaries. Among the leading employers, firms in health insurance, such as UnitedHealth, typically offer competitive wages, while consulting firms often lead in compensation. The disparity in actuary pay St. Louis Park MN can be attributed to various factors, including exam progression, which directly influences increases in salary and starting bonuses for credential completion. Aspiring actuaries should focus on obtaining advanced credentials like the FSA, as this not only opens the door to higher pay but can also provide access to lucrative sectors like P&C reinsurance and consulting, where demand for specialized skills is notably high.
More salary data for St. Louis Park, 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 $123,329 for actuariesin the St. Louis Park 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 St. Louis Park 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