Business & Finance Springfield, IL Pop. 114,394

Actuary Salary in Springfield, Illinois

The median actuary salary in Springfield, IL is $103,731 per year, which is 9% below the national median and 9.9% below the Illinois state average.

City Median
$103,731
vs State Avg
$-11,399
vs National
$-10,259
Cost of Living
85%

Actuary Salary in Springfield by Experience

In Springfield, an entry-level actuary earns around $63,700, while experienced professionals earn up to $159,250 per year. The local cost of living index is 85% of the national average.

Entry Level (0-2 yrs)
$63,700
$-6,300 vs national
Mid Level (3-7 yrs)
$104,650
$-10,350 vs national
Senior Level (8+ yrs)
$159,250
$-15,750 vs national

Salary Percentiles in Springfield, IL

Percentile Springfield
10th Percentile $62,244
25th Percentile $79,352
Median (50th) $103,731
75th Percentile $137,410
90th Percentile $178,369

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
Rockford, IL
$100,311
Pop. 148,655

How to Become a Actuary in Springfield

Education

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

Find Actuary Jobs in Springfield

Browse open actuary positions in Springfield, IL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Springfield

How much does a Actuary make in Springfield, IL? ▼
The median actuary salary in Springfield, Illinois is $103,731 per year, which is 9% below the national median of $113,990. Salaries range from $62,244 (10th percentile) to $178,369 (90th percentile).
How much does a Actuary make per hour in Springfield? ▼
Based on the median annual salary of $103,731, a actuary in Springfield earns approximately $50 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Illinois state average for actuary pay? ▼
Springfield's median actuary salary of $103,731 is 9.9% below the Illinois state average of $115,130. The local cost of living index is 85% of the national average.
What is the cost of living in Springfield, IL? ▼
Springfield has a cost of living index of 85% compared to the national average. This means a actuary salary of $103,731 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Springfield? ▼
Most actuary positions in Springfield 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.