Actuary Salary in Minneapolis, MN
Actuary salary data for Minneapolis, MN — adjusted for local cost of living. Entry-level to senior pay ranges, take-home pay calculator, and local job market insights.
Actuary Salary in Minneapolis, MN — 2026
The median Actuary salary in Minneapolis, MN is $115,260 per year ($9,605/month, $55/hr). This reflects the local cost of living index of 102, which is 2% above the national average.
Actuary Take-Home Pay in Minneapolis
Tax Breakdown (Median Salary)
| Gross Annual | $115,260 |
| Federal Tax | -$16,971 |
| State Tax (6.8%) | -$7,838 |
| FICA (SS + Medicare) | -$8,817 |
| Annual Take-Home | $81,634 |
| Monthly Take-Home | $6,803 |
Living Cost Comparison
Actuary Requirements
Key Skills
Minneapolis Job Market Overview
Minneapolis, Minnesota has a population of 429,954 and an unemployment rate of 2.8%. The top industries are Finance, Healthcare, Technology. The local job growth rate is 2.0%, and the average commute time is 25 minutes.
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Frequently Asked Questions
What is the average Actuary salary in Minneapolis, MN?
How much does a Actuary take home in Minneapolis after taxes?
Is Minneapolis a good city for Actuarys?
What skills are needed for a Actuary in Minneapolis?
How does Actuary salary in Minneapolis compare to the national average?
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Frequently Asked Questions
What is the average Actuary salary in Minneapolis, MN?
The median Actuary salary in Minneapolis, MN is $115,260 per year as of 2026. This is adjusted for the local cost of living index of 102. Entry-level Actuarys earn around $70,380, while senior-level professionals can earn $156,060 or more.
How much does a Actuary take home in Minneapolis after taxes?
A Actuary earning the median salary of $115,260 in Minneapolis, MN takes home approximately $81,634 per year ($6,803/month) after federal, state, and local taxes. The effective tax rate is 29.2%.
Is Minneapolis a good city for Actuarys?
Minneapolis, MN has a cost of living index of 102 (above national average). Actuarys here earn above the city median. The local unemployment rate is 2.8% and top industries include Finance, Healthcare, Technology.
What skills are needed for a Actuary in Minneapolis?
Key skills for Actuarys include Statistical Modeling, Risk Assessment, R, SAS, Probability Theory. Typical education requirement is Bachelor's Degree. Valuable certifications include ASA, FSA, CERA.
How does Actuary salary in Minneapolis compare to the national average?
The national median Actuary salary is $113,000. In Minneapolis, the adjusted salary is $115,260, which is 2.0% higher than the national average, reflecting the local cost of living.