Business & Finance Chicago, IL Pop. 2,693,976

Actuary Salary in Chicago, Illinois

The median actuary salary in Chicago, IL is $128,809 per year, which is 13.0% above the national median and 11.9% above the Illinois state average.

City Median
$128,809
vs State Avg
+$13,679
vs National
+$14,819
Cost of Living
107%

Actuary Salary in Chicago by Experience

In Chicago, an entry-level actuary earns around $79,100, while experienced professionals earn up to $197,750 per year. The local cost of living index is 107% of the national average.

Entry Level (0-2 yrs)
$79,100
+$9,100 vs national
Mid Level (3-7 yrs)
$129,950
+$14,950 vs national
Senior Level (8+ yrs)
$197,750
+$22,750 vs national

Salary Percentiles in Chicago, IL

Percentile Chicago
10th Percentile $77,292
25th Percentile $98,536
Median (50th) $128,809
75th Percentile $170,630
90th Percentile $221,491

Actuary Salary in Other Illinois Cities

Naperville, IL
$129,949
Pop. 149,540
Aurora, IL
$115,130
Pop. 197,757
Springfield, IL
$103,731
Pop. 114,394
Rockford, IL
$100,311
Pop. 148,655

How to Become a Actuary in Chicago

Education

Most actuary positions require a bachelor's degree. Chicago and the surrounding Illinois 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 Chicago may vary based on local industry and population growth.

Find Actuary Jobs in Chicago

Browse open actuary positions in Chicago, IL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Chicago

How much does a Actuary make in Chicago, IL? ▼
The median actuary salary in Chicago, Illinois is $128,809 per year, which is 13.0% above the national median of $113,990. Salaries range from $77,292 (10th percentile) to $221,491 (90th percentile).
How much does a Actuary make per hour in Chicago? ▼
Based on the median annual salary of $128,809, a actuary in Chicago earns approximately $62 per hour assuming a standard 2,080-hour work year.
How does Chicago compare to the Illinois state average for actuary pay? ▼
Chicago's median actuary salary of $128,809 is 11.9% above the Illinois state average of $115,130. The local cost of living index is 107% of the national average.
What is the cost of living in Chicago, IL? ▼
Chicago has a cost of living index of 107% compared to the national average. This means a actuary salary of $128,809 in Chicago has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Chicago? ▼
Most actuary positions in Chicago 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.