Actuary Salary in Gadsden, AL: $114,092 (2026)
Quick Answer:A full-time actuary in Gadsden, AL earns a median $114,092/year (≈ $54.85/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Gadsden's price level (12% below national, BEA RPP 87.9), that paycheck buys what $129,797 would nationally. Nominal pay sits 3.3% below the Alabama state average.
Based on BLS state-level estimates · View source
In Gadsden, Alabama, actuaries can expect a median annual salary of $114,092 in 2026, which reflects a significant contrast to the national median of $134,160 for the same year. The compensation picture for actuaries in the area shows a broad salary range, with entry-level positions starting at around $75,732, while experienced professionals can earn as much as $176,842. These figures draw on local estimates from BLS state-level data, adjusted for the region's cost of living. Employers in Gadsden tend to be varied, including life insurers and consulting firms, highlighting a diverse market for actuaries in the region.
About the Gadsden Market
Salary estimated from Alabama average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,732 | $36.41 |
| Lower Range (P25) | $89,605 | $43.08 |
| Median (P50)(typical) | $114,092 | $54.85 |
| Upper Range (P75) | $146,037 | $70.21 |
| Top Earners (P90) | $176,842 | $85.02 |
Median Salary Position
14.96% below the national average
2026 Salary Percentile Distribution in Gadsden
In Gadsden, AL, the actuary salary spread from the 10th to 90th percentile is $101,110 (2026 est.). At $114,092, the local median is 14.96% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Gadsden: You'd be in the lower-middle range
How Gadsden Actuary Pay Compares
Gadsden median: $114,092/year (2026)
| Compared To | Median Salary | Gadsden Pays |
|---|---|---|
| Alabama Average | $117,985 | -3.30% less |
| National Average | $134,160 | -14.96% less |
Actuarys in Gadsden, AL earn a median of $114,092 per year (2026 est.), which is 14.96% lower than the national median of $134,160 and 3.30% below the Alabama state average of $117,985.
Cost-of-Living Adjusted Salary
Gadsden has a cost of living 12.10% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Gadsden, AL has a cost-of-living index of 87.9 (below the national average of 100). A actuary earning $114,092 nominally has purchasing power equivalent to $129,797 in an average-cost city — an effective 13.77% boost.
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2019 BLS Actual
$92,143
2025 BLS Actual
$110,554
2026 Current Est.
$114,092
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Gadsden (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $92,143 | Actual |
| 2020 | $94,422 | Actual |
| 2021 | $90,059 | Actual |
| 2022 | $96,939 | Actual |
| 2023 | $102,050 | Actual |
| 2024 | $91,845 | Actual |
| 2025 | $110,554 | Actual |
| 2026(current) | $114,092 | Estimated |
| 2027 | $117,743 | Projected |
Based on 7 years of BLS OEWS data for the Gadsden metropolitan area, the median actuary salary grew 20.0% from $92,143 (2019) to $110,554 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $117,743 by 2027 — a total increase of $25,600 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Gadsden 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $75,732 – $89,605 |
| 3-5 years (Mid Career) | $89,605 – $114,092 |
| 5+ years (Experienced) | $114,092 – $146,037 |
| 10+ years (Top Earner) | $146,037 – $176,842 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Gadsden
An analysis of Gadsden's job market reveals that there are currently seven actuaries employed in the area, reflecting a niche yet potentially growing sector. The local cost of living index stands at 87.9, suggesting that take-home pay may stretch further compared to many other regions, enhancing purchasing power. Among the employers, consulting firms like Mercer and Milliman are known to offer competitive pay, particularly for those with Fellow status. The variance in salaries is influenced by several factors, including progression through actuarial exams, with each passed exam often translating into a notable compensation increase. To maximize earning potential in Gadsden, aspiring actuaries should focus on gaining credentials, exploring specialty markets such as property and casualty, and enhancing skills in predictive analytics, which are becoming increasingly sought after in the industry.
More salary data for Gadsden, AL:
Frequently Asked Questions
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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
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. The BLS reported a median annual salary of $110,554 for actuariesin the Gadsden metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Gadsden is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
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