Business & Finance Orem, UT
Pop. 97,499
Actuary Salary in Orem, Utah
The median actuary salary in Orem, UT is $108,291 per year, which is 5% below the national median and 2.1% below the Utah state average.
City Median
$108,291
vs State Avg
$-2,279
vs National
$-5,699
Cost of Living
95%
Actuary Salary in Orem by Experience
In Orem, an entry-level actuary earns around $66,500, while experienced professionals earn up to $166,250 per year. The local cost of living index is 95% of the national average.
Entry Level (0-2 yrs)
$66,500
$-3,500 vs national
Mid Level (3-7 yrs)
$109,250
$-5,750 vs national
Senior Level (8+ yrs)
$166,250
$-8,750 vs national
Salary Percentiles in Orem, UT
| Percentile | Orem |
|---|---|
| 10th Percentile | $64,980 |
| 25th Percentile | $82,840 |
| Median (50th) | $108,291 |
| 75th Percentile | $143,450 |
| 90th Percentile | $186,210 |
Actuary Salary in Other Utah Cities
How to Become a Actuary in Orem
Education
Most actuary positions require a bachelor's degree. Orem and the surrounding Utah 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 Orem may vary based on local industry and population growth.
Find Actuary Jobs in Orem
Browse open actuary positions in Orem, UT:
Frequently Asked Questions: Actuary Salary in Orem
How much does a Actuary make in Orem, UT? ▼
The median actuary salary in Orem, Utah is $108,291 per year, which is 5% below the national median of $113,990. Salaries range from $64,980 (10th percentile) to $186,210 (90th percentile).
How much does a Actuary make per hour in Orem? ▼
Based on the median annual salary of $108,291, a actuary in Orem earns approximately $52 per hour assuming a standard 2,080-hour work year.
How does Orem compare to the Utah state average for actuary pay? ▼
Orem's median actuary salary of $108,291 is 2.1% below the Utah state average of $110,570. The local cost of living index is 95% of the national average.
What is the cost of living in Orem, UT? ▼
Orem has a cost of living index of 95% compared to the national average. This means a actuary salary of $108,291 in Orem has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Orem? ▼
Most actuary positions in Orem 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.