Business & Finance Carmel, IN Pop. 99,757

Actuary Salary in Carmel, Indiana

The median actuary salary in Carmel, IN is $119,690 per year, which is 5.0% above the national median and 16.7% above the Indiana state average.

City Median
$119,690
vs State Avg
+$17,099
vs National
+$5,700
Cost of Living
105%

Actuary Salary in Carmel by Experience

In Carmel, an entry-level actuary earns around $73,500, while experienced professionals earn up to $183,750 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$73,500
+$3,500 vs national
Mid Level (3-7 yrs)
$120,750
+$5,750 vs national
Senior Level (8+ yrs)
$183,750
+$8,750 vs national

Salary Percentiles in Carmel, IN

Percentile Carmel
10th Percentile $71,820
25th Percentile $91,560
Median (50th) $119,690
75th Percentile $158,550
90th Percentile $205,811

Actuary Salary in Other Indiana Cities

Indianapolis, IN
$106,011
Pop. 887,642
Fort Wayne, IN
$96,892
Pop. 263,886
Evansville, IN
$95,752
Pop. 117,429
South Bend, IN
$94,612
Pop. 103,453

How to Become a Actuary in Carmel

Education

Most actuary positions require a bachelor's degree. Carmel and the surrounding Indiana 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 Carmel may vary based on local industry and population growth.