Business & Finance Alabama (AL) Rank #44 of 50

Actuary Salary in Alabama

The median actuary salary in Alabama is $99,171 per year, which is 13% below the national median of $113,990.

Median Salary

$99,171

vs National

$-14,819

State Rank

#44 of 50

Cost of Living

87%

Actuary Salary in Alabama by Experience

In Alabama, an entry-level actuary earns around $60,900, while experienced professionals earn up to $152,250 per year. The cost of living index in Alabama is 87% of the national average.

Entry Level (0-2 yrs)

$60,900

$-9,100 vs national

Mid Level (3-7 yrs)

$100,050

$-14,950 vs national

Senior Level (8+ yrs)

$152,250

$-22,750 vs national

Salary Percentiles in Alabama

Percentile	AL Salary	National	Difference
10th Percentile	$59,508	$68,400	$-8,892
25th Percentile	$75,864	$87,200	$-11,336
Median (50th)	$99,171	$113,990	$-14,819
75th Percentile	$131,370	$151,000	$-19,630
90th Percentile	$170,529	$196,010	$-25,481

Actuary Salary by City in Alabama

The largest employment areas for actuarys in Alabama include Birmingham, Huntsville, Montgomery, and Mobile. Salaries vary by city based on local cost of living and demand.

Birmingham, AL

$102,591

Pop. 197,575 · COL 90%

Huntsville, AL

$104,871

Pop. 216,963 · COL 92%

Montgomery, AL

$98,031

Pop. 200,603 · COL 86%

Mobile, AL

$96,892

Pop. 187,041 · COL 85%

Tuscaloosa, AL

$100,311

Pop. 101,129 · COL 88%

How to Become a Actuary in Alabama

Education

Most actuary positions require a bachelor's degree. Alabama has several accredited institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook in Alabama

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Alabama's demand may vary based on local industry trends.