Actuary Salary in Memphis, TN: $98,031 (2026)

Actuary Pay in Memphis: What to Expect (2026)

Memphis offers a median actuary salary of $98,031, which is $3,420 below the Tennessee state average of $101,451. Compared to the national median of $113,990, Memphis pays below the national benchmark for this role.

One of Memphis's biggest advantages is its low cost of living at 86% of the national average. This means the $98,031 salary stretches further here — equivalent to roughly $113,990 in an average-cost city. This makes Memphis an attractive option for actuarys seeking strong real-dollar compensation.

The salary range for actuarys in Memphis spans from $58,824 at the 10th percentile to $168,569 at the 90th percentile — a $109,745 spread. Entry-level professionals start around $60,200, while senior actuarys with 8+ years of experience can earn up to $150,500. As a major metro area with a population of 633,104, Memphis typically offers more job opportunities and employer competition, which can drive salaries higher.

Actuary Salary in Memphis by Experience

In Memphis, an entry-level actuary earns around $60,200, while experienced professionals earn up to $150,500 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)

$60,200

$-9,800 vs national

Mid Level (3-7 yrs)

$98,900

$-16,100 vs national

Senior Level (8+ yrs)

$150,500

$-24,500 vs national

Percentile	Memphis	TN State	National
10th Percentile	$58,824	$60,876	$68,400
25th Percentile	$74,992	$77,608	$87,200
Median (50th)	$98,031	$101,451	$113,990
75th Percentile	$129,860	$134,390	$151,000
90th Percentile	$168,569	$174,449	$196,010

Percentile

Memphis

10th Percentile

$58,824

25th Percentile

$74,992

Median (50th)

$98,031

75th Percentile

$129,860

90th Percentile

$168,569

How to Become a Actuary in Memphis

Education

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

Frequently Asked Questions: Actuary Salary in Memphis

How much does a Actuary make in Memphis, TN? ▼

The median actuary salary in Memphis, Tennessee is $98,031 per year, which is 14% below the national median of $113,990. Salaries range from $58,824 (10th percentile) to $168,569 (90th percentile).

How much does a Actuary make per hour in Memphis? ▼

Based on the median annual salary of $98,031, a actuary in Memphis earns approximately $47 per hour assuming a standard 2,080-hour work year.

How does Memphis compare to the Tennessee state average for actuary pay? ▼

Memphis's median actuary salary of $98,031 is 3.4% below the Tennessee state average of $101,451. The local cost of living index is 86% of the national average.

What is the cost of living in Memphis, TN? ▼

Memphis has a cost of living index of 86% compared to the national average. This means a actuary salary of $98,031 in Memphis has more purchasing power than the same salary in an average-cost city.

What qualifications do I need to become a actuary in Memphis? ▼

Most actuary positions in Memphis 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.

Actuary Salary in Memphis, Tennessee