Business & Finance Illinois (IL) Rank #16 of 50

Actuary Salary in Illinois

The median actuary salary in Illinois is $115,130 per year, which is 1.0% above the national median of $113,990.

Median Salary
$115,130
vs National
+$1,140
State Rank
#16 of 50
Cost of Living
95%

Actuary Salary in Illinois by Experience

In Illinois, an entry-level actuary earns around $70,700, while experienced professionals earn up to $176,750 per year. The cost of living index in Illinois is 95% of the national average.

Entry Level (0-2 yrs)
$70,700
+$700 vs national
Mid Level (3-7 yrs)
$116,150
+$1,150 vs national
Senior Level (8+ yrs)
$176,750
+$1,750 vs national

Salary Percentiles in Illinois

Percentile IL Salary
10th Percentile $69,084
25th Percentile $88,072
Median (50th) $115,130
75th Percentile $152,510
90th Percentile $197,970

Major Cities for Actuarys in Illinois

The largest employment areas for actuarys in Illinois include Chicago, Aurora, Naperville, and Rockford. Salaries in major metro areas may be higher due to increased demand and cost of living.

Chicago, IL
Metro area for actuary employment
Aurora, IL
Metro area for actuary employment
Naperville, IL
Metro area for actuary employment
Rockford, IL
Metro area for actuary employment
Springfield, IL
Metro area for actuary employment

How to Become a Actuary in Illinois

Education

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

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook in Illinois

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