Actuary Salary in Brooklyn Park, MN: $131,009 (2026)
Quick Answer:A full-time actuary in Brooklyn Park, MN earns a median $131,009/year (≈ $62.98/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Brooklyn Park's price level (1% below national, BEA RPP 98.5), that paycheck buys what $133,004 would nationally. Nominal pay sits 0.9% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Brooklyn Park, Minnesota, are projected to earn a median annual salary of $131,009, slightly below the national median salary of $134,160. The local salary range for this profession varies significantly, with entry-level positions starting around $75,985 and highly experienced professionals earning up to $203,065. These figures derive from estimates based on 2025 BLS data, adjusted for regional economic factors. The pay gradient within the local market illustrates a notable distinction: actuaries engaged in consulting roles at firms like Milliman, Mercer, and WTW tend to command higher salaries compared to their counterparts in insurance companies. This competitive landscape offers opportunities for growth depending on credentials and market focus.
About the Brooklyn Park Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,985 | $36.53 |
| Lower Range (P25) | $101,966 | $49.02 |
| Median (P50)(typical) | $131,009 | $62.98 |
| Upper Range (P75) | $167,692 | $80.62 |
| Top Earners (P90) | $203,065 | $97.63 |
Median Salary Position
2.35% below the national average
2026 Salary Percentile Distribution in Brooklyn Park
In Brooklyn Park, MN, the actuary salary spread from the 10th to 90th percentile is $127,080 (2026 est.). At $131,009, the local median is 2.35% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Brooklyn Park: You'd be in the lower-middle range
How Brooklyn Park Actuary Pay Compares
Brooklyn Park median: $131,009/year (2026)
| Compared To | Median Salary | Brooklyn Park Pays |
|---|---|---|
| Minnesota Average | $132,199 | -0.90% less |
| National Average | $134,160 | -2.35% less |
Actuarys in Brooklyn Park, MN earn a median of $131,009 per year (2026 est.), which is 2.35% lower than the national median of $134,160 and 0.90% below the Minnesota state average of $132,199.
Cost-of-Living Adjusted Salary
Brooklyn Park has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Brooklyn Park, MN has a cost-of-living index of 98.5 (below the national average of 100). A actuary earning $131,009 nominally has purchasing power equivalent to $133,004 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$105,805
2025 BLS Actual
$126,947
2026 Current Est.
$131,009
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Brooklyn Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $105,805 | Actual |
| 2020 | $108,423 | Actual |
| 2021 | $103,413 | Actual |
| 2022 | $111,313 | Actual |
| 2023 | $117,182 | Actual |
| 2024 | $124,994 | Actual |
| 2025 | $126,947 | Actual |
| 2026(current) | $131,009 | Estimated |
| 2027 | $135,202 | Projected |
Based on 7 years of BLS OEWS data for the Brooklyn Park metropolitan area, the median actuary salary grew 20.0% from $105,805 (2019) to $126,947 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $135,202 by 2027 — a total increase of $29,397 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Brooklyn 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $75,985 – $101,966 |
| 3-5 years (Mid Career) | $101,966 – $131,009 |
| 5+ years (Experienced) | $131,009 – $167,692 |
| 10+ years (Top Earner) | $167,692 – $203,065 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Brooklyn Park
With 17 actuaries currently employed in Brooklyn Park, the local job market showcases a concentrated demand but also presents distinct challenges associated with cost of living, as evidenced by a cost-of-living index of 98.5, which is below the national average. This context means that while salaries are competitive, take-home purchasing power can vary. Employers in the region, such as UnitedHealth and Prudential, are among the top payers, particularly for those with advanced credentials like Fellowship of the Society of Actuaries (FSA). The variance in pay levels stems from a variety of factors, including the exam progression; each passed exam typically corresponds to a salary increase of $3,000 to $8,000. Actuaries seeking to maximize their pay in Brooklyn Park should focus on obtaining their FSA designation, specializing in high-demand areas like predictive analytics and data science, and consider networking within consulting firms where compensation packages often include bonuses for completed credentials.
More salary data for Brooklyn Park, MN:
Frequently Asked Questions
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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 $126,947 for actuariesin the Brooklyn Park 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 Brooklyn 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