Business & Finance Covington, KY Pop. 40,961

Actuary Salary in Covington, Kentucky

The median actuary salary in Covington, KY is $100,311 per year, which is 12% below the national median and 1.1% above the Kentucky state average.

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

Actuary Pay in Covington: What to Expect (2026)

Covington offers a median actuary salary of $100,311, which is $1,140 above the Kentucky state average of $99,171. Compared to the national median of $113,990, Covington pays below the national benchmark for this role.

One of Covington'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 Covington an attractive option for actuarys seeking strong real-dollar compensation.

The salary range for actuarys in Covington 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. Covington is a smaller market (pop. 40,961), which may mean fewer openings but also less competition for available positions.

Actuary Salary in Covington by Experience

In Covington, 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 Covington, KY

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

Actuary Salary in Other Kentucky Cities

Lexington, KY
$106,011
Pop. 322,570
Louisville, KY
$104,871
Pop. 633,045
Bowling Green, KY
$95,752
Pop. 74,735
Owensboro, KY
$93,472
Pop. 60,183

How to Become a Actuary in Covington

Education

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

Find Actuary Jobs in Covington

Browse open actuary positions in Covington, KY:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Covington

How much does a Actuary make in Covington, KY? ▼
The median actuary salary in Covington, Kentucky 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 Covington? ▼
Based on the median annual salary of $100,311, a actuary in Covington earns approximately $48 per hour assuming a standard 2,080-hour work year.
How does Covington compare to the Kentucky state average for actuary pay? ▼
Covington's median actuary salary of $100,311 is 1.1% above the Kentucky state average of $99,171. The local cost of living index is 88% of the national average.
What is the cost of living in Covington, KY? ▼
Covington has a cost of living index of 88% compared to the national average. This means a actuary salary of $100,311 in Covington has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Covington? ▼
Most actuary positions in Covington 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.