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.