Business & Finance Carmel, IN
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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
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.
Find Actuary Jobs in Carmel
Browse open actuary positions in Carmel, IN:
Frequently Asked Questions: Actuary Salary in Carmel
How much does a Actuary make in Carmel, IN? ▼
The median actuary salary in Carmel, Indiana is $119,690 per year, which is 5.0% above the national median of $113,990. Salaries range from $71,820 (10th percentile) to $205,811 (90th percentile).
How much does a Actuary make per hour in Carmel? ▼
Based on the median annual salary of $119,690, a actuary in Carmel earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Carmel compare to the Indiana state average for actuary pay? ▼
Carmel's median actuary salary of $119,690 is 16.7% above the Indiana state average of $102,591. The local cost of living index is 105% of the national average.
What is the cost of living in Carmel, IN? ▼
Carmel has a cost of living index of 105% compared to the national average. This means a actuary salary of $119,690 in Carmel has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Carmel? ▼
Most actuary positions in Carmel 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.