Senior Actuary Salary in Owatonna, MN: $203,333 (2026)
Quick Answer:The top tier of actuaries working in Owatonna, MN — those at or above the 90th percentile — pull in $203,333/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 15-2011. Strip back Owatonna's price premium (BEA RPP 98.5, 1% below national) and that top-decile pay carries the same buying power as $206,429 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 Owatonna, Minnesota, experienced actuaries can anticipate a median annual salary of $131,183 in 2026, with the potential for top-tier earnings reaching up to $203,333 at the 90th percentile. This salary benchmark signifies a noteworthy gap compared to the median, highlighting a significant experience premium for seasoned professionals. Owatonna's P90 figures, while competitive, present a slight disadvantage when juxtaposed with the national top earners, offering a glimpse of the lucrative pathways—and the rigorous expertise—that lead to such advanced compensation. To ascend to these heights in the actuarial field, actuaries typically cultivate specialized skills and credentials, focusing on areas such as predictive analytics or enterprise risk management in industries like life insurance or reinsurance.
About the Owatonna Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Owatonna
Experienced actuarys at the top of the pay scale in Owatonna earn between $167,914 and $203,333 per year (2026 est.). This $125,395 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Owatonna median of $131,183 sits 2.22% below the US median.
Top ASA, FSA Salary Comparison
| Level | Owatonna | National |
|---|---|---|
| Median (P50) | $131,183 | $134,160 |
| 75th Percentile | $167,914 | $176,111 |
| 90th Percentile (Top 10%) | $203,333 | $221,983 |
In Owatonna, 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 Owatonna
Advanced Certifications in Minnesota
MN actuaries with additional specialty certifications within the actuarial science field earn significantly above the $131,183 median. Expanded-scope credentials are increasingly valued by Owatonna employers.
Specialty Focus
Actuaries focusing on high-acuity or specialty areas within the actuarial science field in Owatonna command premium compensation, often reaching the $167,914–$203,333 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Owatonna metro area often pay above-market rates for experienced actuaries who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured actuaries in Owatonna 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 Owatonna
Clinical Actuary
0-5 yearsSenior/Lead Actuary
5-10 yearsActuary Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedOwatonna ranks #7 of 44 Minnesota cities for top earner actuary salary (90th percentile: $203,333).
Top 10% actuary compensation in Owatonna ($203,333) is 6.29% below the Minnesota average P90 ($216,990).
2019 BLS Actual
$177,334
2025 BLS Actual
$197,028
2026 Current Est.
$203,333
2019–2027 Growth
+18.3%
Salary Trajectory for Actuaries in Owatonna (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $177,334 | Actual |
| 2020 | $179,542 | Actual |
| 2021 | $189,444 | Actual |
| 2022 | $182,555 | Actual |
| 2023 | $191,724 | Actual |
| 2024 | $193,996 | Actual |
| 2025 | $197,028 | Actual |
| 2026(current) | $203,333 | Estimated |
| 2027 | $209,840 | Projected |
Top-earning actuaries (90th percentile) in Owatonna saw their compensation grow 11.1% from $177,334 in 2019 to $197,028 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 $209,840 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Owatonna 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 Owatonna
Factors influencing senior actuary pay in MN revolve significantly around specialization and employer type. Areas including life and annuity, health, pension, and predictive analytics are in particularly high demand, often commanding premium salaries that reflect their complexity and impact. Organizations such as Prudential, UnitedHealth, and consulting firms like Mercer pay substantial salaries to those with advanced credentials, such as the ASA or FSA, impacting not just base pay but overall compensation packages including bonuses and benefits. Career paths for actuaries can lead to positions like managing actuary or chief actuary, necessitating progression through rigorous exam sequences that reward examination milestones with salary increases. As senior actuaries in Owatonna take on leadership roles or transition to consulting, their compensation reflects both the intricate skills required and the evolving landscape of actuarial science, ensuring a rewarding career trajectory built on expertise and continual professional development.
More salary data for Owatonna, MN:
Frequently Asked Questions
How much do experienced actuaries make in Owatonna in 2026?
What drives higher actuary pay in Owatonna?
What certifications boost actuary salary in Owatonna?
Can experienced actuaries make six figures in Owatonna?
How much does actuary salary increase over time in Owatonna?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Minnesota
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 $197,028 for actuaries in the Owatonna 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 Owatonna 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