Actuary Salary in Minneapolis, MN
Actuaries in the Minneapolis-St. Paul-Bloomington, MN-WI metro area earn a median $125,960 a year — 3% less than the national median. After 2026 taxes, that is $90,305 take-home, or $7,525 a month.
Take-home pay calculator
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- Federal income tax$18,964
- Social Security (6.2%)$7,810
- Medicare (1.45%)$1,826
- Minnesota income tax$7,055
- Take-home pay$90,305
Marginal rate: 24% federal + 7.85% state
The Minneapolis-St. Paul-Bloomington, MN-WI metro spans Minnesota, Wisconsin. Pick the state you live in — state income tax follows your residence.
Actuary pay by experience in Minneapolis, MN
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $79,350 | $38.15 | $60,780 | $5,065 |
| 25th percentile | $94,490 | $45.43 | $70,402 | $5,867 |
| Median (50th) | $125,960 | $60.56 | $90,305 | $7,525 |
| 75th percentile | $165,270 | $79.46 | $114,087 | $9,507 |
| 90th percentile (top earners) | $218,100 | $104.86 | $147,952 | $12,329 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Minnesota resident, 2026 tax rules.
What $125,960 buys in Minneapolis, MN
Prices in Minneapolis, MN are 4.8% higher than the U.S. average (housing costs are 1.12× the national average). Adjusted for local prices, a median actuary's $90,305 take-home pay has the buying power of $86,151 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Minneapolis, MN has 3.0× the national concentration of actuary jobs — a strong local market for this occupation.
Best-paying cities for actuaries, adjusted for cost of living
Minneapolis, MN ranks #6 of 8 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Hartford, CT | $166,800 | $117,416 | $114,278 |
| 2 | New York, NY | $161,460 | $113,138 | $100,511 |
| 3 | Dallas, TX | $127,690 | $98,542 | $95,588 |
| 4 | Washington, DC | $144,680 | $100,825 | $92,599 |
| 5 | Philadelphia, PA | $127,770 | $94,674 | $92,316 |
| 6 | Minneapolis, MN | $125,960 | $90,305 | $86,151 |
| 7 | Chicago, IL | $113,730 | $83,354 | $80,462 |
| 8 | Indianapolis, IN | $101,040 | $76,960 | $80,422 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 8 metros →
Frequently asked questions
How much does a actuary make in Minneapolis, MN?
The median actuary salary in the Minneapolis-St. Paul-Bloomington, MN-WI metro area is $125,960 a year, or about $60.56 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $94,490 and $165,270.
What is a actuary’s take-home pay in Minneapolis, MN?
On the median $125,960 salary, a single filer living in Minnesota takes home about $90,305 a year ($7,525 a month) after federal tax, Social Security, Medicare and $7,055 in Minnesota taxes in 2026.
Is Minneapolis, MN a good place to work as a actuary?
Pay here is 3% below the national median of $130,000. Local prices are 4.8% above the U.S. average, so the take-home pay buys what $86,151 would in a typical U.S. city. Minneapolis, MN ranks #6 of 8 metro areas for cost-of-living-adjusted pay in this job.
Can a actuary afford rent in Minneapolis, MN?
HUD’s fair market rent for a one-bedroom in Minneapolis, MN is $1,396 a month ($1,700 for two bedrooms) — 19% of a median actuary’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
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