Business & Finance Montgomery, AL
Pop. 200,603
Actuary Salary in Montgomery, Alabama
The median actuary salary in Montgomery, AL is $98,031 per year, which is 14% below the national median and 1.1% below the Alabama state average.
City Median
$98,031
vs State Avg
$-1,140
vs National
$-15,959
Cost of Living
86%
Actuary Salary in Montgomery by Experience
In Montgomery, an entry-level actuary earns around $60,200, while experienced professionals earn up to $150,500 per year. The local cost of living index is 86% of the national average.
Entry Level (0-2 yrs)
$60,200
$-9,800 vs national
Mid Level (3-7 yrs)
$98,900
$-16,100 vs national
Senior Level (8+ yrs)
$150,500
$-24,500 vs national
Salary Percentiles in Montgomery, AL
| Percentile | Montgomery |
|---|---|
| 10th Percentile | $58,824 |
| 25th Percentile | $74,992 |
| Median (50th) | $98,031 |
| 75th Percentile | $129,860 |
| 90th Percentile | $168,569 |
Actuary Salary in Other Alabama Cities
How to Become a Actuary in Montgomery
Education
Most actuary positions require a bachelor's degree. Montgomery 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 Montgomery may vary based on local industry and population growth.