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
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.