Actuary Salary in Spearfish, SD
How much does a actuary make in Spearfish? Explore median, entry-level, and senior salaries adjusted for Spearfish's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in Spearfish.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $37,858 | $63,097 | $85,181 |
| Monthly | $3,155 | $5,258 | $7,098 |
| Biweekly | $1,456 | $2,427 | $3,276 |
| Weekly | $728 | $1,213 | $1,638 |
| Hourly | $18 | $30 | $41 |
Spearfish vs National Average
How Spearfish's actuary salaries compare to national figures.
Cost of Living in Spearfish
About Actuary
Overview
Analyze insurance and financial risks using statistical and mathematical methods.
Education
Bachelor's degree in Actuarial Science, Mathematics, or related field
Key Skills
Growth Rate
Expected job growth: +18% over the next decade
Compare Cities: Actuary Salary
See Actuary salaries in other top cities.
Financial Tools to Explore
Use these Pulsafi calculators to understand your finances based on a actuary salary in Spearfish.
Salary Breakdown Calculator
See exactly how your salary breaks down into taxes and take-home pay.
Cost of Living Calculator
Understand your expenses and purchasing power in Spearfish.
Budget Calculator
Create a personalized budget based on your income and expenses.
Rent vs Buy Calculator
Compare the true costs of renting versus buying in Spearfish.
Actuary Salary in Spearfish, SD — Complete Guide
Median Salary Overview
The median salary for a actuary in Spearfish, SD is $63,097 per year, adjusted for the local cost of living index of 88. This figure reflects typical earnings for experienced professionals in this role, considering Spearfish's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in Spearfish can expect to earn around $37,858 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $85,181 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Spearfish's cost of living index of 88 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Spearfish are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $87,440, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a actuary's salary in Spearfish typically goes toward housing. With a 1-bedroom apartment averaging $820 per month, housing represents about 15.6% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Actuarys are in growing demand across the United States, with an expected job growth of 18% over the next decade. In Spearfish, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.