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Actuary Salary in Memphis, Tennessee

The median actuary salary in Memphis, TN is $98,031 per year, which is 14% below the national median and 3.4% below the Tennessee state average.

City Median
$98,031
vs State Avg
$-3,420
vs National
$-15,959
Cost of Living
86%

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

Salary Percentiles in Memphis, TN

Percentile Memphis
10th Percentile $58,824
25th Percentile $74,992
Median (50th) $98,031
75th Percentile $129,860
90th Percentile $168,569

Actuary Salary in Other Tennessee Cities

Nashville, TN
$113,990
Pop. 689,447
Murfreesboro, TN
$104,871
Pop. 152,769
Knoxville, TN
$100,311
Pop. 190,740
Chattanooga, TN
$100,311
Pop. 181,099

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.

Find Actuary Jobs in Memphis

Browse open actuary positions in Memphis, TN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

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.