Senior Actuary Salary in Lakeville, MN: $201,247 (2026)
Quick Answer:The top tier of actuaries working in Lakeville, MN — those at or above the 90th percentile — pull in $201,247/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 15-2011. Strip back Lakeville's price premium (BEA RPP 98.5, 1% below national) and that top-decile pay carries the same buying power as $204,312 in average-cost America. The 55% spread above city median typically rewards 7+ years of practice or specialty credentials.
Based on BLS state-level estimates · View source
For seasoned professionals in the actuarial field, Lakeville, Minnesota, presents a compelling salary landscape. The anticipated 2026 median annual salary stands at $129,837, while seasoned actuaries can anticipate significantly higher earnings, with top earners reaching an impressive $201,247. This disparity showcases the experience premium inherent in this field, where the gap between the median and upper-tier salaries is indicative of the specialized expertise required to command such high compensation. Achieving top-tier pay in this market involves accumulating substantial industry experience, often exceeding seven years, and developing a strong specialization in areas that are in demand.
About the Lakeville Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Lakeville
Experienced actuarys at the top of the pay scale in Lakeville earn between $166,191 and $201,247 per year (2026 est.). This $118,812 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Lakeville median of $129,837 sits 3.22% below the US median.
Top ASA, FSA Salary Comparison
| Level | Lakeville | National |
|---|---|---|
| Median (P50) | $129,837 | $134,160 |
| 75th Percentile | $166,191 | $176,111 |
| 90th Percentile (Top 10%) | $201,247 | $221,983 |
In Lakeville, experienced actuaries (P90) earn 55.00% more than the local median — reflecting the significant value of specialization and tenure in this market.
What Drives Top Actuary Pay in Lakeville
Advanced Certifications in Minnesota
MN actuaries with additional specialty certifications within the actuarial science field earn significantly above the $129,837 median. Expanded-scope credentials are increasingly valued by Lakeville employers.
Specialty Focus
Actuaries focusing on high-acuity or specialty areas within the actuarial science field in Lakeville command premium compensation, often reaching the $166,191–$201,247 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Lakeville metro area often pay above-market rates for experienced actuaries who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured actuaries in Lakeville with established relationships have strong negotiating leverage. In this developing market, retention bonuses and annual raises are common for top performers.
Continuing Education & Leadership
Actuaries in Minnesota who pursue advanced degrees, mentor junior staff, or lead clinical education programs position themselves for the highest compensation tiers and management roles.
Actuary Career & Wage Growth Path in Lakeville
Clinical Actuary
0-5 yearsSenior/Lead Actuary
5-10 yearsActuary Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedLakeville ranks #16 of 44 Minnesota cities for top earner actuary salary (90th percentile: $201,247).
Top 10% actuary compensation in Lakeville ($201,247) is 7.26% below the Minnesota average P90 ($216,990).
2019 BLS Actual
$175,515
2025 BLS Actual
$195,007
2026 Current Est.
$201,247
2019–2027 Growth
+18.3%
Salary Trajectory for Actuaries in Lakeville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $175,515 | Actual |
| 2020 | $177,700 | Actual |
| 2021 | $187,500 | Actual |
| 2022 | $180,683 | Actual |
| 2023 | $189,758 | Actual |
| 2024 | $192,008 | Actual |
| 2025 | $195,007 | Actual |
| 2026(current) | $201,247 | Estimated |
| 2027 | $207,687 | Projected |
Top-earning actuaries (90th percentile) in Lakeville saw their compensation grow 11.1% from $175,515 in 2019 to $195,007 in 2025, based on 7 years of BLS OEWS data for this metropolitan area. At a 3.20% annual growth rate, senior-level pay is projected to reach $207,687 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lakeville 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.
Maximizing Your Actuary Earnings in Lakeville
Several areas of specialization drive the elevated compensation packages for senior actuaries in Lakeville, such as life and annuity sectors, health insurance, and capital modeling. Employers across various sectors, including life insurance giants like Prudential and consulting firms such as Mercer, offer different salary scales. Senior actuaries with advanced credentials like the FSA or those specializing in high-demand skills such as predictive analytics tend to see better financial rewards. Career advancement takes rigorous dedication, progressing from an actuarial analyst role to obtaining Fellow status within professional organizations. The route involves a demanding exam progression, with each passed exam translating into tangible salary increases. Non-salary benefits also enhance overall compensation, as firms often provide study time benefits and signing bonuses for achieved credentials, reflecting the competitive nature of senior actuary pay in MN.
More salary data for Lakeville, MN:
Frequently Asked Questions
How much do experienced actuaries make in Lakeville in 2026?
What drives higher actuary pay in Lakeville?
What certifications boost actuary salary in Lakeville?
Can experienced actuaries make six figures in Lakeville?
How much does actuary salary increase over time in Lakeville?
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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
Top-earner salary figures on this page are 2026 projections derived from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. BLS reported a 90th percentile salary of $195,007 for actuaries in the Lakeville metro area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 senior-level compensation. Individual earnings depend on certifications, specialization, practice type, and years of clinical experience.
Data Sources & Methodology
Salary data for Lakeville 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