Actuary Salary in Hoover, AL: $119,068 (2026)
Quick Answer:A full-time actuary in Hoover, AL earns a median $119,068/year (≈ $57.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Hoover's price level (12% below national, BEA RPP 87.9), that paycheck buys what $135,458 would nationally. Nominal pay sits 1.0% above the Alabama state average.
Based on BLS state-level estimates · View source
Actuaries in Hoover, Alabama, can expect a median annual salary of $119,068, which falls short of the national median of $134,160 by 11.25%. The compensation range for the profession in this region varies significantly, with salaries from $71,422 at the 10th percentile to as high as $184,556 at the 90th percentile. This data, derived from 2025 BLS estimates and adjusted for regional price parities, reflects the competitive landscape where consulting firms like Milliman, Mercer, and Willis Towers Watson typically offer higher salaries than traditional insurers. With a relatively small pool comprising 17 actuaries currently employed, Hoover's job market reveals both opportunity and competition for qualified candidates navigating their career paths.
About the Hoover Market
Salary estimated from Alabama average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,422 | $34.33 |
| Lower Range (P25) | $88,169 | $42.38 |
| Median (P50)(typical) | $119,068 | $57.25 |
| Upper Range (P75) | $152,407 | $73.27 |
| Top Earners (P90) | $184,556 | $88.73 |
Median Salary Position
11.25% below the national average
2026 Salary Percentile Distribution in Hoover
In Hoover, AL, the actuary salary spread from the 10th to 90th percentile is $113,134 (2026 est.). At $119,068, the local median is 11.25% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Hoover: You'd be in the lower-middle range
How Hoover Actuary Pay Compares
Hoover median: $119,068/year (2026)
| Compared To | Median Salary | Hoover Pays |
|---|---|---|
| Alabama Average | $117,889 | +1.00% more |
| National Average | $134,160 | -11.25% less |
Actuarys in Hoover, AL earn a median of $119,068 per year (2026 est.), which is 11.25% lower than the national median of $134,160 and 1.00% above the Alabama state average of $117,889.
Cost-of-Living Adjusted Salary
Hoover 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.
Hoover, AL has a cost-of-living index of 87.9 (below the national average of 100). A actuary earning $119,068 nominally has purchasing power equivalent to $135,458 in an average-cost city — an effective 13.77% boost.
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2019 BLS Actual
$96,161
2025 BLS Actual
$115,376
2026 Current Est.
$119,068
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Hoover (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $96,161 | Actual |
| 2020 | $98,540 | Actual |
| 2021 | $93,987 | Actual |
| 2022 | $101,167 | Actual |
| 2023 | $106,501 | Actual |
| 2024 | $95,851 | Actual |
| 2025 | $115,376 | Actual |
| 2026(current) | $119,068 | Estimated |
| 2027 | $122,878 | Projected |
Based on 7 years of BLS OEWS data for the Hoover metropolitan area, the median actuary salary grew 20.0% from $96,161 (2019) to $115,376 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $122,878 by 2027 — a total increase of $26,717 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hoover 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) | $71,422 – $88,169 |
| 3-5 years (Mid Career) | $88,169 – $119,068 |
| 5+ years (Experienced) | $119,068 – $152,407 |
| 10+ years (Top Earner) | $152,407 – $184,556 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Hoover
The cost of living in Hoover is notably below the national average, with a cost-of-living index of 87.9, which has implications for take-home pay and purchasing power. Among the local employers, those in the life insurance sector, such as Prudential and MetLife, are recognized for providing competitive salaries. The disparity between lower and higher salaries in the area can be influenced by exam progression, as each passed examination significantly increases base pay. Completing credentials such as ASA to FSA can also lead to substantial financial benefits, with the most lucrative roles often found in fields like property and casualty reinsurance or consulting that appreciate advanced actuarial skills. For individuals in Hoover looking to maximize their actuary pay, pursuing further certifications while gaining experience in high-demand specialties can be a strong strategy to enhance future earning potential.
More salary data for Hoover, 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 $115,376 for actuariesin the Hoover 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 Hoover 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