Actuary Salary in Alabama: $124,212 (2026)
Quick Answer:Across Alabama's 24 metropolitan areas, the average median actuary pay sits at $124,212/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 15-2011. Because Alabama sits at BEA RPP 87.9 (12% below the U.S. baseline), that statewide median translates to roughly $141,311 in nationally-comparable purchasing power. Highest-paying metros: Birmingham ($132,840), Huntsville ($119,690), Mobile ($118,095).
In Alabama, the projected average median salary for actuaries in 2026 is $124,212, which is 7.4% below the national median of $134,160. The highest-paying city for actuaries is Birmingham, offering an average salary of $137,091, while Pelham has the lowest at $109,056, creating a salary differential of $28,035. Factors influencing this difference include the local cost of living, demand for actuarial services, and the concentration of insurance and finance companies in metropolitan areas. Alabama's licensing requirements and scope of practice laws align with national standards, although the state may have specific regulations that are influenced by local industries. The job market for actuaries is projected to grow at an annual rate of 3.20%, reflecting increasing demand for risk assessment in various sectors. The total employment of actuaries in Alabama is projected at 407, with top salaries found in cities like Huntsville at $123,520, Mobile at $121,874, Montgomery at $121,508, and Hoover at $119,068. Understanding these dynamics can help prospective actuaries make informed career decisions in Alabama's evolving job landscape.
Alabama Actuary Salary Range
Overall salary range in Alabama: $68,702 (lowest entry-level) to $191,457 (highest top earner)
Alabama vs National Average
Alabama actuaries earn 7.42% less than the national median ($-9,948/year difference).
Alabama Actuary Salary Distribution (2026)
Actuary salaries in Alabama range from $72,233 (entry-level, 10th percentile) to $178,476 (top earners, 90th percentile), with a median of $124,212. The Alabama median is $9,948 below the US national median of $134,160. The average hourly rate is $59.72/hr. Approximately 407 actuarys are employed across 24 cities.
2019 BLS Actual
$106,180
2025 BLS Actual
$120,360
2026 Current Est.
$124,212
2019–2027 Growth
+20.7%
Salary Trajectory for Actuaries in Alabama (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $106,180 | Actual |
| 2020 | $108,280 | Actual |
| 2021 | $98,047 | Actual |
| 2022 | $82,370 | Actual |
| 2023 | $103,020 | Actual |
| 2024 | $114,697 | Actual |
| 2025 | $120,360 | Actual |
| 2026(current) | $124,212 | Estimated |
| 2027 | $128,186 | Projected |
Based on 7 years of BLS OEWS data for the Alabama metropolitan area, the median actuary salary grew 13.4% from $106,180 (2019) to $120,360 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $128,186 by 2027 — a total increase of $22,006 (20.73%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Alabama metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Top 5 Highest Paying Cities in Alabama
Lowest Paying Cities in Alabama
| City | Median Salary |
|---|---|
| Pelham | $109,056 |
| Albertville | $112,958 |
| Vestavia Hills | $113,212 |
| Anniston | $113,462 |
| Opelika | $113,899 |
Best Value Cities for Actuaries in Alabama
When adjusted for local cost of living, these Alabama cities offer the most purchasing power for actuaries.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Birmingham | $137,091 | 91.644 | $149,591 |
| Huntsville | $123,520 | 87.9 | $140,523 |
| Mobile | $121,874 | 87.9 | $138,651 |
| Montgomery | $121,508 | 87.9 | $138,234 |
| Hoover | $119,068 | 87.9 | $135,458 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Alabama
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $72,233 |
| Mid Career (3-7 years) | $124,212 |
| Experienced (7+ years) | $178,476 |
Estimates based on BLS percentile data averaged across Alabama metro areas. Individual pay varies by employer, certifications, and specialization.
All 24 Cities in Alabama
| # | City | Median Salary |
|---|---|---|
| 1 | Birmingham | $137,091 |
| 2 | Huntsville | $123,520 |
| 3 | Mobile | $121,874 |
| 4 | Montgomery | $121,508 |
| 5 | Hoover | $119,068 |
| 6 | Tuscaloosa | $118,153 |
| 7 | Decatur | $118,143 |
| 8 | Phenix City | $116,040 |
| 9 | Dothan | $115,463 |
| 10 | Prattville | $115,410 |
| 11 | Daphne | $115,327 |
| 12 | Auburn | $115,286 |
| 13 | Northport | $115,153 |
| 14 | Madison | $114,977 |
| 15 | Alabaster | $114,265 |
| 16 | Florence | $114,092 |
| 17 | Gadsden | $114,092 |
| 18 | Enterprise | $114,082 |
| 19 | Homewood | $113,936 |
| 20 | Opelika | $113,899 |
| 21 | Anniston | $113,462 |
| 22 | Vestavia Hills | $113,212 |
| 23 | Albertville | $112,958 |
| 24 | Pelham | $109,056 |
More Alabama Salary Data
Explore More Actuary Salary Data
Frequently Asked Questions
How much do actuaries make in Alabama in 2026?
What is the highest paying city for actuaries in Alabama?
How does Alabama actuary pay compare to the national average?
What is the entry-level actuary salary in Alabama?
How many actuaries are employed in Alabama?
Which Alabama city offers the best value for actuaries?
Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Statewide salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to each metro area's reported salary to estimate current 2026 actuary compensation across Alabama. State averages are employment-weighted across 24 metro areas — larger metro areas with more actuariescontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 6-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov