Business & Finance Cedar Rapids, IA Pop. 137,710

Actuary Salary in Cedar Rapids, Iowa

The median actuary salary in Cedar Rapids, IA is $100,311 per year, which is 12% below the national median and 1.1% below the Iowa state average.

City Median
$100,311
vs State Avg
$-1,140
vs National
$-13,679
Cost of Living
88%

Actuary Pay in Cedar Rapids: What to Expect (2026)

Cedar Rapids offers a median actuary salary of $100,311, which is $1,140 below the Iowa state average of $101,451. Compared to the national median of $113,990, Cedar Rapids pays below the national benchmark for this role.

One of Cedar Rapids's biggest advantages is its low cost of living at 88% of the national average. This means the $100,311 salary stretches further here — equivalent to roughly $113,990 in an average-cost city. This makes Cedar Rapids an attractive option for actuarys seeking strong real-dollar compensation.

The salary range for actuarys in Cedar Rapids spans from $60,192 at the 10th percentile to $172,489 at the 90th percentile — a $112,297 spread. Entry-level professionals start around $61,600, while senior actuarys with 8+ years of experience can earn up to $154,000. With a population of 137,710, Cedar Rapids is a mid-sized metro with a growing job market.

Actuary Salary in Cedar Rapids by Experience

In Cedar Rapids, an entry-level actuary earns around $61,600, while experienced professionals earn up to $154,000 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$61,600
$-8,400 vs national
Mid Level (3-7 yrs)
$101,200
$-13,800 vs national
Senior Level (8+ yrs)
$154,000
$-21,000 vs national

Salary Percentiles in Cedar Rapids, IA

Percentile Cedar Rapids
10th Percentile $60,192
25th Percentile $76,736
Median (50th) $100,311
75th Percentile $132,880
90th Percentile $172,489

Actuary Salary in Other Iowa Cities

Iowa City, IA
$108,291
Pop. 74,828
Des Moines, IA
$104,871
Pop. 214,133
Davenport, IA
$98,031
Pop. 101,724
Sioux City, IA
$95,752
Pop. 85,797

How to Become a Actuary in Cedar Rapids

Education

Most actuary positions require a bachelor's degree. Cedar Rapids and the surrounding Iowa 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 Cedar Rapids may vary based on local industry and population growth.

Find Actuary Jobs in Cedar Rapids

Browse open actuary positions in Cedar Rapids, IA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Cedar Rapids

How much does a Actuary make in Cedar Rapids, IA? ▼
The median actuary salary in Cedar Rapids, Iowa is $100,311 per year, which is 12% below the national median of $113,990. Salaries range from $60,192 (10th percentile) to $172,489 (90th percentile).
How much does a Actuary make per hour in Cedar Rapids? ▼
Based on the median annual salary of $100,311, a actuary in Cedar Rapids earns approximately $48 per hour assuming a standard 2,080-hour work year.
How does Cedar Rapids compare to the Iowa state average for actuary pay? ▼
Cedar Rapids's median actuary salary of $100,311 is 1.1% below the Iowa state average of $101,451. The local cost of living index is 88% of the national average.
What is the cost of living in Cedar Rapids, IA? ▼
Cedar Rapids has a cost of living index of 88% compared to the national average. This means a actuary salary of $100,311 in Cedar Rapids has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Cedar Rapids? ▼
Most actuary positions in Cedar Rapids 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.