Business & Finance South Bend, IN
Pop. 103,453
Actuary Salary in South Bend, Indiana
The median actuary salary in South Bend, IN is $94,612 per year, which is 17% below the national median and 7.8% below the Indiana state average.
City Median
$94,612
vs State Avg
$-7,979
vs National
$-19,378
Cost of Living
83%
Actuary Salary in South Bend by Experience
In South Bend, an entry-level actuary earns around $58,100, while experienced professionals earn up to $145,250 per year. The local cost of living index is 83% of the national average.
Entry Level (0-2 yrs)
$58,100
$-11,900 vs national
Mid Level (3-7 yrs)
$95,450
$-19,550 vs national
Senior Level (8+ yrs)
$145,250
$-29,750 vs national
Salary Percentiles in South Bend, IN
| Percentile | South Bend |
|---|---|
| 10th Percentile | $56,772 |
| 25th Percentile | $72,376 |
| Median (50th) | $94,612 |
| 75th Percentile | $125,330 |
| 90th Percentile | $162,688 |
Actuary Salary in Other Indiana Cities
How to Become a Actuary in South Bend
Education
Most actuary positions require a bachelor's degree. South Bend 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 South Bend may vary based on local industry and population growth.