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.
Actuary Pay in Chicago: What to Expect (2026)
Chicago offers a median actuary salary of $128,809, which is $13,679 above the Illinois state average of $115,130. Compared to the national median of $113,990, Chicago pays above average for this role.
Chicago's cost of living is 107% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for actuarys in Chicago spans from $77,292 at the 10th percentile to $221,491 at the 90th percentile — a $144,199 spread. Entry-level professionals start around $79,100, while senior actuarys with 8+ years of experience can earn up to $197,750. As a major metro area with a population of 2,693,976, Chicago typically offers more job opportunities and employer competition, which can drive salaries higher.
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.
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
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
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: