Business & Finance Rockford, IL Pop. 148,655

Actuary Salary in Rockford, Illinois

The median actuary salary in Rockford, IL is $100,311 per year, which is 12% below the national median and 12.9% below the Illinois state average.

City Median
$100,311
vs State Avg
$-14,819
vs National
$-13,679
Cost of Living
82%

Actuary Salary in Rockford by Experience

In Rockford, an entry-level actuary earns around $61,600, while experienced professionals earn up to $154,000 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$61,600
$-8,400 vs national
Mid Level (3-7 yrs)
$101,200
$-13,800 vs national
Senior Level (8+ yrs)
$154,000
$-21,000 vs national

Salary Percentiles in Rockford, IL

Percentile Rockford
10th Percentile $60,192
25th Percentile $76,736
Median (50th) $100,311
75th Percentile $132,880
90th Percentile $172,489

Actuary Salary in Other Illinois Cities

Naperville, IL
$129,949
Pop. 149,540
Chicago, IL
$128,809
Pop. 2,693,976
Aurora, IL
$115,130
Pop. 197,757
Springfield, IL
$103,731
Pop. 114,394

How to Become a Actuary in Rockford

Education

Most actuary positions require a bachelor's degree. Rockford 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 Rockford may vary based on local industry and population growth.

Find Actuary Jobs in Rockford

Browse open actuary positions in Rockford, IL:

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Frequently Asked Questions: Actuary Salary in Rockford

How much does a Actuary make in Rockford, IL? ▼
The median actuary salary in Rockford, Illinois is $100,311 per year, which is 12% below the national median of $113,990. Salaries range from $60,192 (10th percentile) to $172,489 (90th percentile).
How much does a Actuary make per hour in Rockford? ▼
Based on the median annual salary of $100,311, a actuary in Rockford earns approximately $48 per hour assuming a standard 2,080-hour work year.
How does Rockford compare to the Illinois state average for actuary pay? ▼
Rockford's median actuary salary of $100,311 is 12.9% below the Illinois state average of $115,130. The local cost of living index is 82% of the national average.
What is the cost of living in Rockford, IL? ▼
Rockford has a cost of living index of 82% compared to the national average. This means a actuary salary of $100,311 in Rockford has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Rockford? ▼
Most actuary positions in Rockford 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.