Business & Finance Madison, WI Pop. 269,840

Actuary Salary in Madison, Wisconsin

The median actuary salary in Madison, WI is $113,990 per year, which is 0.0% above the national median and 8.7% above the Wisconsin state average.

City Median
$113,990
vs State Avg
+$9,119
vs National
+$0
Cost of Living
100%

Actuary Salary in Madison by Experience

In Madison, an entry-level actuary earns around $70,000, while experienced professionals earn up to $175,000 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$70,000
+$0 vs national
Mid Level (3-7 yrs)
$115,000
+$0 vs national
Senior Level (8+ yrs)
$175,000
+$0 vs national

Salary Percentiles in Madison, WI

Percentile Madison
10th Percentile $68,400
25th Percentile $87,200
Median (50th) $113,990
75th Percentile $151,000
90th Percentile $196,010

Actuary Salary in Other Wisconsin Cities

Milwaukee, WI
$104,871
Pop. 577,222
Kenosha, WI
$102,591
Pop. 99,986
Green Bay, WI
$100,311
Pop. 107,395
Racine, WI
$98,031
Pop. 77,816

How to Become a Actuary in Madison

Education

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

Find Actuary Jobs in Madison

Browse open actuary positions in Madison, WI:

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Frequently Asked Questions: Actuary Salary in Madison

How much does a Actuary make in Madison, WI? ▼
The median actuary salary in Madison, Wisconsin is $113,990 per year, which is 0.0% above the national median of $113,990. Salaries range from $68,400 (10th percentile) to $196,010 (90th percentile).
How much does a Actuary make per hour in Madison? ▼
Based on the median annual salary of $113,990, a actuary in Madison earns approximately $55 per hour assuming a standard 2,080-hour work year.
How does Madison compare to the Wisconsin state average for actuary pay? ▼
Madison's median actuary salary of $113,990 is 8.7% above the Wisconsin state average of $104,871. The local cost of living index is 100% of the national average.
What is the cost of living in Madison, WI? ▼
Madison has a cost of living index of 100% compared to the national average. This means a actuary salary of $113,990 in Madison has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Madison? ▼
Most actuary positions in Madison 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.