Business & Finance Indianapolis, IN Pop. 887,642

Actuary Salary in Indianapolis, Indiana

The median actuary salary in Indianapolis, IN is $106,011 per year, which is 7% below the national median and 3.3% above the Indiana state average.

City Median
$106,011
vs State Avg
+$3,420
vs National
$-7,979
Cost of Living
93%

Actuary Salary in Indianapolis by Experience

In Indianapolis, an entry-level actuary earns around $65,100, while experienced professionals earn up to $162,750 per year. The local cost of living index is 93% of the national average.

Entry Level (0-2 yrs)
$65,100
$-4,900 vs national
Mid Level (3-7 yrs)
$106,950
$-8,050 vs national
Senior Level (8+ yrs)
$162,750
$-12,250 vs national

Salary Percentiles in Indianapolis, IN

Percentile Indianapolis
10th Percentile $63,612
25th Percentile $81,096
Median (50th) $106,011
75th Percentile $140,430
90th Percentile $182,289

Actuary Salary in Other Indiana Cities

Carmel, IN
$119,690
Pop. 99,757
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 Indianapolis

Education

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