Business & Finance Independence, MO Pop. 123,011

Actuary Salary in Independence, Missouri

The median actuary salary in Independence, MO is $96,892 per year, which is 15% below the national median and 3.4% below the Missouri state average.

City Median
$96,892
vs State Avg
$-3,419
vs National
$-17,098
Cost of Living
85%

Actuary Salary in Independence by Experience

In Independence, an entry-level actuary earns around $59,500, while experienced professionals earn up to $148,750 per year. The local cost of living index is 85% of the national average.

Entry Level (0-2 yrs)
$59,500
$-10,500 vs national
Mid Level (3-7 yrs)
$97,750
$-17,250 vs national
Senior Level (8+ yrs)
$148,750
$-26,250 vs national

Salary Percentiles in Independence, MO

Percentile Independence
10th Percentile $58,140
25th Percentile $74,120
Median (50th) $96,892
75th Percentile $128,350
90th Percentile $166,609

Actuary Salary in Other Missouri Cities

Kansas City, MO
$104,871
Pop. 508,090
Saint Louis, MO
$102,591
Pop. 301,578
Columbia, MO
$100,311
Pop. 126,254
Springfield, MO
$93,472
Pop. 169,176

How to Become a Actuary in Independence

Education

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

Find Actuary Jobs in Independence

Browse open actuary positions in Independence, MO:

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Frequently Asked Questions: Actuary Salary in Independence

How much does a Actuary make in Independence, MO? ▼
The median actuary salary in Independence, Missouri is $96,892 per year, which is 15% below the national median of $113,990. Salaries range from $58,140 (10th percentile) to $166,609 (90th percentile).
How much does a Actuary make per hour in Independence? ▼
Based on the median annual salary of $96,892, a actuary in Independence earns approximately $47 per hour assuming a standard 2,080-hour work year.
How does Independence compare to the Missouri state average for actuary pay? ▼
Independence's median actuary salary of $96,892 is 3.4% below the Missouri state average of $100,311. The local cost of living index is 85% of the national average.
What is the cost of living in Independence, MO? ▼
Independence has a cost of living index of 85% compared to the national average. This means a actuary salary of $96,892 in Independence has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Independence? ▼
Most actuary positions in Independence 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.