Business & Finance Iowa (IA) Rank #39 of 50

Actuary Salary in Iowa

The median actuary salary in Iowa is $101,451 per year, which is 11% below the national median of $113,990.

Median Salary
$101,451
vs National
$-12,539
State Rank
#39 of 50
Cost of Living
89%

Actuary Salary Overview in Iowa (2026)

Iowa ranks #39 out of 50 states for actuary compensation. Actuary salaries in Iowa are below the national median, though the lower cost of living can offset the difference. At $101,451 per year, actuarys in Iowa earn $12,539 less than the national median of $113,990.

A key advantage of working in Iowa is its below-average cost of living (89% of the national index). This means the $101,451 salary has the purchasing power of roughly $113,990 in an average-cost area.

The salary spread in Iowa is significant: actuarys at the 10th percentile earn $60,876, while those at the 90th percentile bring home $174,449 — a $113,573 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Iowa for this role is Iowa City, where the median reaches $108,291.

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in Iowa and beyond.

Actuary Salary in Iowa by Experience

In Iowa, an entry-level actuary earns around $62,300, while experienced professionals earn up to $155,750 per year. The cost of living index in Iowa is 89% of the national average.

Entry Level (0-2 yrs)
$62,300
$-7,700 vs national
Mid Level (3-7 yrs)
$102,350
$-12,650 vs national
Senior Level (8+ yrs)
$155,750
$-19,250 vs national

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Salary Percentiles in Iowa

Percentile IA Salary
10th Percentile $60,876
25th Percentile $77,608
Median (50th) $101,451
75th Percentile $134,390
90th Percentile $174,449

Actuary Salary by City in Iowa

The largest employment areas for actuarys in Iowa include Des Moines, Cedar Rapids, Davenport, and Sioux City. Salaries vary by city based on local cost of living and demand.

How to Become a Actuary in Iowa

Education

Most actuary positions require a bachelor's degree. Iowa has several accredited institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook in Iowa

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Iowa's demand may vary based on local industry trends.

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Frequently Asked Questions: Actuary Salary in Iowa

How much does a Actuary make in Iowa? ▼
The median actuary salary in Iowa is $101,451 per year, which is 11% below the national median of $113,990. Salaries range from $60,876 (10th percentile) to $174,449 (90th percentile).
How much does a Actuary make per hour in Iowa? ▼
Based on the median annual salary of $101,451, a actuary in Iowa earns approximately $49 per hour assuming a standard 2,080-hour work year.
Is Iowa a good state for actuarys? ▼
Iowa ranks #39 out of 50 states for actuary pay. The cost of living index is 89% of the national average. Entry-level actuarys earn $62,300, while senior professionals earn $155,750.
How does Iowa compare to other states for actuary salary? ▼
The highest paying state for actuarys is Hawaii at $193,783. Iowa's median of $101,451 ranks #39 nationally. Nearby-ranked states include North Dakota ($102,591) and Ohio ($102,591).
What is the entry-level actuary salary in Iowa? ▼
An entry-level actuary in Iowa earns approximately $62,300 per year. With 3-7 years of experience, pay increases to around $102,350. Senior-level professionals with 8+ years earn up to $155,750.
What city in Iowa pays actuarys the most? ▼
Iowa City is the highest paying city in Iowa for actuarys, with a median salary of $108,291. Other cities include Des Moines and Cedar Rapids.