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 Pay in South Bend: What to Expect (2026)

South Bend offers a median actuary salary of $94,612, which is $7,979 below the Indiana state average of $102,591. Compared to the national median of $113,990, South Bend pays below the national benchmark for this role.

One of South Bend's biggest advantages is its low cost of living at 83% of the national average. This means the $94,612 salary stretches further here — equivalent to roughly $113,990 in an average-cost city. This makes South Bend an attractive option for actuarys seeking strong real-dollar compensation.

The salary range for actuarys in South Bend spans from $56,772 at the 10th percentile to $162,688 at the 90th percentile — a $105,916 spread. Entry-level professionals start around $58,100, while senior actuarys with 8+ years of experience can earn up to $145,250. With a population of 103,453, South Bend is a mid-sized metro with a growing job market.

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

Carmel, IN
$119,690
Pop. 99,757
Indianapolis, IN
$106,011
Pop. 887,642
Fort Wayne, IN
$96,892
Pop. 263,886
Evansville, IN
$95,752
Pop. 117,429

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.

Find Actuary Jobs in South Bend

Browse open actuary positions in South Bend, IN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in South Bend

How much does a Actuary make in South Bend, IN? ▼
The median actuary salary in South Bend, Indiana is $94,612 per year, which is 17% below the national median of $113,990. Salaries range from $56,772 (10th percentile) to $162,688 (90th percentile).
How much does a Actuary make per hour in South Bend? ▼
Based on the median annual salary of $94,612, a actuary in South Bend earns approximately $45 per hour assuming a standard 2,080-hour work year.
How does South Bend compare to the Indiana state average for actuary pay? ▼
South Bend's median actuary salary of $94,612 is 7.8% below the Indiana state average of $102,591. The local cost of living index is 83% of the national average.
What is the cost of living in South Bend, IN? ▼
South Bend has a cost of living index of 83% compared to the national average. This means a actuary salary of $94,612 in South Bend has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in South Bend? ▼
Most actuary positions in South Bend 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.