Senior Actuary Salary in St. Louis Park, MN: $197,277 (2026)
Quick Answer:The top tier of actuaries working in St. Louis Park, MN — those at or above the 90th percentile — pull in $197,277/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 15-2011. Strip back St. Louis Park's price premium (BEA RPP 98.5, 1% below national) and that top-decile pay carries the same buying power as $200,281 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
In St. Louis Park, Minnesota, the potential for experienced actuaries to earn top-tier salaries remains strong, with top earners (P90) projected to achieve an annual income of $197,277 in 2026. This figure significantly exceeds the median annual salary for the area, which stands at $127,276, thus evidencing a substantial experience premium for those reaching senior roles. The income bracket for seasoned actuaries at this level illustrates not only the importance of specialized skills and relevant experience but also highlights the career advancement necessary to reach such heights. Transitioning into senior roles generally requires developing expertise in complex areas such as predictive analytics, capital modeling, or enterprise risk management, all of which can dramatically enhance earning potential in this competitive market.
About the St. Louis Park Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in St. Louis Park
Experienced actuarys at the top of the pay scale in St. Louis Park earn between $162,913 and $197,277 per year (2026 est.). This $117,563 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The St. Louis Park median of $127,276 sits 5.13% below the US median.
Top ASA, FSA Salary Comparison
| Level | St. Louis Park | National |
|---|---|---|
| Median (P50) | $127,276 | $134,160 |
| 75th Percentile | $162,913 | $176,111 |
| 90th Percentile (Top 10%) | $197,277 | $221,983 |
In St. Louis Park, 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 St. Louis Park
Advanced Certifications in Minnesota
MN actuaries with additional specialty certifications within the actuarial science field earn significantly above the $127,276 median. Expanded-scope credentials are increasingly valued by St. Louis Park employers.
Specialty Focus
Actuaries focusing on high-acuity or specialty areas within the actuarial science field in St. Louis Park command premium compensation, often reaching the $162,913–$197,277 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the St. Louis Park metro area often pay above-market rates for experienced actuaries who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured actuaries in St. Louis Park 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 St. Louis Park
Clinical Actuary
0-5 yearsSenior/Lead Actuary
5-10 yearsActuary Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedSt. Louis Park ranks #35 of 44 Minnesota cities for top earner actuary salary (90th percentile: $197,277).
Top 10% actuary compensation in St. Louis Park ($197,277) is 9.08% below the Minnesota average P90 ($216,990).
2019 BLS Actual
$172,053
2025 BLS Actual
$191,160
2026 Current Est.
$197,277
2019–2027 Growth
+18.3%
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 | $172,053 | Actual |
| 2020 | $174,195 | Actual |
| 2021 | $183,802 | Actual |
| 2022 | $177,118 | Actual |
| 2023 | $186,014 | Actual |
| 2024 | $188,220 | Actual |
| 2025 | $191,160 | Actual |
| 2026(current) | $197,277 | Estimated |
| 2027 | $203,590 | Projected |
Top-earning actuaries (90th percentile) in St. Louis Park saw their compensation grow 11.1% from $172,053 in 2019 to $191,160 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 $203,590 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
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.
Maximizing Your Actuary Earnings in St. Louis Park
Compensation for senior actuaries in St. Louis Park varies by industry and specialization, with notable discrepancies across different employers. Life insurance companies and consulting firms often offer above-average salaries compared to health insurance and property and casualty insurers. For instance, actuaries in life and annuity sectors or advanced consulting roles may see salaries that align more closely with the highest ranges. Additionally, career paths that lead to positions like managing actuary or chief actuary frequently leverage advanced credentials, such as Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS), where candidates can expect upward of ten years of experience and extensive exam requirements. Furthermore, benefits such as exam progression bonuses and salary increments for passing additional actuarial exams play an essential role in overall compensation, making the investment in education and certification a significant contributor to the senior actuary pay landscape in MN.
More salary data for St. Louis Park, MN:
Frequently Asked Questions
How much do experienced actuaries make in St. Louis Park in 2026?
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Can experienced actuaries make six figures in St. Louis Park?
How much does actuary salary increase over time in St. Louis Park?
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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 $191,160 for actuaries in the St. Louis Park 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 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