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

Huntsville, AL
$104,871
Pop. 216,963
Birmingham, AL
$102,591
Pop. 197,575
Tuscaloosa, AL
$100,311
Pop. 101,129
Mobile, AL
$96,892
Pop. 187,041

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.

Find Actuary Jobs in Montgomery

Browse open actuary positions in Montgomery, AL:

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Frequently Asked Questions: Actuary Salary in Montgomery

How much does a Actuary make in Montgomery, AL? ▼
The median actuary salary in Montgomery, Alabama is $98,031 per year, which is 14% below the national median of $113,990. Salaries range from $58,824 (10th percentile) to $168,569 (90th percentile).
How much does a Actuary make per hour in Montgomery? ▼
Based on the median annual salary of $98,031, a actuary in Montgomery earns approximately $47 per hour assuming a standard 2,080-hour work year.
How does Montgomery compare to the Alabama state average for actuary pay? ▼
Montgomery's median actuary salary of $98,031 is 1.1% below the Alabama state average of $99,171. The local cost of living index is 86% of the national average.
What is the cost of living in Montgomery, AL? ▼
Montgomery has a cost of living index of 86% compared to the national average. This means a actuary salary of $98,031 in Montgomery has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Montgomery? ▼
Most actuary positions in Montgomery 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.