Business & Finance Akron, OH
Pop. 190,469
Actuary Salary in Akron, Ohio
The median actuary salary in Akron, OH is $95,752 per year, which is 16% below the national median and 6.7% below the Ohio state average.
City Median
$95,752
vs State Avg
$-6,839
vs National
$-18,238
Cost of Living
84%
Actuary Salary in Akron by Experience
In Akron, an entry-level actuary earns around $58,800, while experienced professionals earn up to $147,000 per year. The local cost of living index is 84% of the national average.
Entry Level (0-2 yrs)
$58,800
$-11,200 vs national
Mid Level (3-7 yrs)
$96,600
$-18,400 vs national
Senior Level (8+ yrs)
$147,000
$-28,000 vs national
Salary Percentiles in Akron, OH
| Percentile | Akron |
|---|---|
| 10th Percentile | $57,456 |
| 25th Percentile | $73,248 |
| Median (50th) | $95,752 |
| 75th Percentile | $126,840 |
| 90th Percentile | $164,648 |
Actuary Salary in Other Ohio Cities
How to Become a Actuary in Akron
Education
Most actuary positions require a bachelor's degree. Akron and the surrounding Ohio 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 Akron may vary based on local industry and population growth.
Find Actuary Jobs in Akron
Browse open actuary positions in Akron, OH:
Frequently Asked Questions: Actuary Salary in Akron
How much does a Actuary make in Akron, OH? ▼
The median actuary salary in Akron, Ohio is $95,752 per year, which is 16% below the national median of $113,990. Salaries range from $57,456 (10th percentile) to $164,648 (90th percentile).
How much does a Actuary make per hour in Akron? ▼
Based on the median annual salary of $95,752, a actuary in Akron earns approximately $46 per hour assuming a standard 2,080-hour work year.
How does Akron compare to the Ohio state average for actuary pay? ▼
Akron's median actuary salary of $95,752 is 6.7% below the Ohio state average of $102,591. The local cost of living index is 84% of the national average.
What is the cost of living in Akron, OH? ▼
Akron has a cost of living index of 84% compared to the national average. This means a actuary salary of $95,752 in Akron has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Akron? ▼
Most actuary positions in Akron 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.