Actuary Salary in Vermillion, SD: $97,513 (2026)
Quick Answer:A full-time actuary in Vermillion, SD earns a median $97,513/year (≈ $46.88/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Vermillion's price level (7% below national, BEA RPP 92.8), that paycheck buys what $105,079 would nationally. Nominal pay sits 7.6% below the South Dakota state average.
Based on BLS state-level estimates · View source
In Vermillion, South Dakota, the consulting market for actuaries generally offers a higher pay scale compared to insurance roles, with median salary projections reaching $97,513 in 2026. Actuaries in this area can expect a salary range from $64,337 at the 10th percentile to as much as $150,925 at the 90th percentile. These salary figures are derived from state-level estimates based on 2025 BLS data, adjusted for regional price disparities. The overall compensation for actuaries in Vermillion reflects a pay structure that recognizes the importance of credential progression and specialized expertise, particularly in consulting firms where demand for fully credentialed actuaries continues to rise.
About the Vermillion Market
Salary estimated from South Dakota average ($105,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $64,337 | $30.93 |
| Lower Range (P25) | $76,011 | $36.54 |
| Median (P50)(typical) | $97,513 | $46.88 |
| Upper Range (P75) | $124,816 | $60.01 |
| Top Earners (P90) | $150,925 | $72.56 |
Median Salary Position
27.32% below the national average
2026 Salary Percentile Distribution in Vermillion
In Vermillion, SD, the actuary salary spread from the 10th to 90th percentile is $86,588 (2026 est.). At $97,513, the local median is 27.32% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Vermillion: You'd be in the lower-middle range
How Vermillion Actuary Pay Compares
Vermillion median: $97,513/year (2026)
| Compared To | Median Salary | Vermillion Pays |
|---|---|---|
| South Dakota Average | $105,533 | -7.60% less |
| National Average | $134,160 | -27.32% less |
Actuarys in Vermillion, SD earn a median of $97,513 per year (2026 est.), which is 27.32% lower than the national median of $134,160 and 7.60% below the South Dakota state average of $105,533.
Cost-of-Living Adjusted Salary
Vermillion has a cost of living 7.20% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Vermillion, SD has a cost-of-living index of 92.8 (below the national average of 100). A actuary earning $97,513 nominally has purchasing power equivalent to $105,079 in an average-cost city — an effective 7.76% boost.
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2019 BLS Actual
$78,753
2025 BLS Actual
$94,489
2026 Current Est.
$97,513
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Vermillion (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $78,753 | Actual |
| 2020 | $80,701 | Actual |
| 2021 | $76,972 | Actual |
| 2022 | $82,852 | Actual |
| 2023 | $87,221 | Actual |
| 2024 | $90,000 | Actual |
| 2025 | $94,489 | Actual |
| 2026(current) | $97,513 | Estimated |
| 2027 | $100,633 | Projected |
Based on 7 years of BLS OEWS data for the Vermillion metropolitan area, the median actuary salary grew 20.0% from $78,753 (2019) to $94,489 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $100,633 by 2027 — a total increase of $21,880 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Vermillion 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) | $64,337 – $76,011 |
| 3-5 years (Mid Career) | $76,011 – $97,513 |
| 5+ years (Experienced) | $97,513 – $124,816 |
| 10+ years (Top Earner) | $124,816 – $150,925 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Vermillion
With only six actuaries currently working in Vermillion, the job market is quite niche, which may impact salary competitiveness. The local cost-of-living index of 92.8 indicates a more affordable living environment compared to the national average, potentially enhancing take-home earnings for professionals in this field. Among employers, firms focused on life and health insurance, like Prudential and UnitedHealth, typically pay lower than consulting giants such as Milliman and Mercer, making the latter a preferred choice for maximizing earnings. The disparity in pay is further influenced by exam progression; each passed section of the actuarial exams generally correlates with a significant increase in salary. Leveraging skillsets in predictive analytics or data science may also yield higher compensation, as these areas are increasingly viewed as vital in the evolving landscape of actuarial work in Vermillion, SD.
More salary data for Vermillion, SD:
Frequently Asked Questions
How much do actuaries make in Vermillion, SD in 2026?
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Can actuaries make $100K in Vermillion?
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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 $94,489 for actuariesin the Vermillion 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 Vermillion 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