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.