Business & Finance Birmingham, AL Pop. 197,575

Actuary Salary in Birmingham, Alabama

The median actuary salary in Birmingham, AL is $102,591 per year, which is 10% below the national median and 3.4% above the Alabama state average.

City Median
$102,591
vs State Avg
+$3,420
vs National
$-11,399
Cost of Living
90%

Actuary Salary in Birmingham by Experience

In Birmingham, an entry-level actuary earns around $63,000, while experienced professionals earn up to $157,500 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$63,000
$-7,000 vs national
Mid Level (3-7 yrs)
$103,500
$-11,500 vs national
Senior Level (8+ yrs)
$157,500
$-17,500 vs national

Salary Percentiles in Birmingham, AL

Percentile Birmingham
10th Percentile $61,560
25th Percentile $78,480
Median (50th) $102,591
75th Percentile $135,900
90th Percentile $176,409

Actuary Salary in Other Alabama Cities

Huntsville, AL
$104,871
Pop. 216,963
Tuscaloosa, AL
$100,311
Pop. 101,129
Montgomery, AL
$98,031
Pop. 200,603
Mobile, AL
$96,892
Pop. 187,041

How to Become a Actuary in Birmingham

Education

Most actuary positions require a bachelor's degree. Birmingham and the surrounding Alabama area have institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Demand in Birmingham may vary based on local industry and population growth.

Find Actuary Jobs in Birmingham

Browse open actuary positions in Birmingham, AL:

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Frequently Asked Questions: Actuary Salary in Birmingham

How much does a Actuary make in Birmingham, AL? ▼
The median actuary salary in Birmingham, Alabama is $102,591 per year, which is 10% below the national median of $113,990. Salaries range from $61,560 (10th percentile) to $176,409 (90th percentile).
How much does a Actuary make per hour in Birmingham? ▼
Based on the median annual salary of $102,591, a actuary in Birmingham earns approximately $49 per hour assuming a standard 2,080-hour work year.
How does Birmingham compare to the Alabama state average for actuary pay? ▼
Birmingham's median actuary salary of $102,591 is 3.4% above the Alabama state average of $99,171. The local cost of living index is 90% of the national average.
What is the cost of living in Birmingham, AL? ▼
Birmingham has a cost of living index of 90% compared to the national average. This means a actuary salary of $102,591 in Birmingham has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Birmingham? ▼
Most actuary positions in Birmingham require a bachelor's degree. Key skills include Statistical Modeling, Risk Assessment, Financial Mathematics, Excel/VBA. The job market is projected to grow 21% nationally over the next decade.