Actuary Salary in Pelham, AL: $109,056 (2026)
Quick Answer:A full-time actuary in Pelham, AL earns a median $109,056/year (≈ $52.43/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Pelham's price level (12% below national, BEA RPP 87.9), that paycheck buys what $124,068 would nationally. Nominal pay sits 7.5% below the Alabama state average.
Based on BLS state-level estimates · View source
Actuaries in Pelham, Alabama, can expect to earn a median annual salary of $109,056 in 2026. This figure is significantly lower than the national median of $134,160, reflecting an 18.71% difference that local professionals should consider in their career planning. Salary ranges for the profession vary widely, with entry-level positions starting around $72,175 (P10) and experienced actuaries at the top of the field earning up to $168,773 (P90). Estimates are based on 2025 BLS data and adjusted for regional economic conditions, illustrating the local demand and growth potential in the actuarial job market. In Pelham, the actuarial profession offers competitive opportunities, especially for those pursuing the necessary exams for advancement.
About the Pelham Market
Salary estimated from Alabama average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $72,175 | $34.70 |
| Lower Range (P25) | $85,171 | $40.95 |
| Median (P50)(typical) | $109,056 | $52.43 |
| Upper Range (P75) | $139,064 | $66.85 |
| Top Earners (P90) | $168,773 | $81.15 |
Median Salary Position
18.71% below the national average
2026 Salary Percentile Distribution in Pelham
In Pelham, AL, the actuary salary spread from the 10th to 90th percentile is $96,598 (2026 est.). At $109,056, the local median is 18.71% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Pelham: You'd be in the lower-middle range
How Pelham Actuary Pay Compares
Pelham median: $109,056/year (2026)
| Compared To | Median Salary | Pelham Pays |
|---|---|---|
| Alabama Average | $117,898 | -7.50% less |
| National Average | $134,160 | -18.71% less |
Actuarys in Pelham, AL earn a median of $109,056 per year (2026 est.), which is 18.71% lower than the national median of $134,160 and 7.50% below the Alabama state average of $117,898.
Cost-of-Living Adjusted Salary
Pelham 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.
Pelham, AL has a cost-of-living index of 87.9 (below the national average of 100). A actuary earning $109,056 nominally has purchasing power equivalent to $124,068 in an average-cost city — an effective 13.77% boost.
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2019 BLS Actual
$88,075
2025 BLS Actual
$105,674
2026 Current Est.
$109,056
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Pelham (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $88,075 | Actual |
| 2020 | $90,254 | Actual |
| 2021 | $86,084 | Actual |
| 2022 | $92,660 | Actual |
| 2023 | $97,545 | Actual |
| 2024 | $87,790 | Actual |
| 2025 | $105,674 | Actual |
| 2026(current) | $109,056 | Estimated |
| 2027 | $112,545 | Projected |
Based on 7 years of BLS OEWS data for the Pelham metropolitan area, the median actuary salary grew 20.0% from $88,075 (2019) to $105,674 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $112,545 by 2027 — a total increase of $24,470 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Pelham 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) | $72,175 – $85,171 |
| 3-5 years (Mid Career) | $85,171 – $109,056 |
| 5+ years (Experienced) | $109,056 – $139,064 |
| 10+ years (Top Earner) | $139,064 – $168,773 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Pelham
Focusing on the local job market, Pelham employs four actuaries, which indicates a niche yet growing field. The cost of living index in Pelham stands at 87.9, suggesting that salaries stretch further than they would in higher-cost areas, making the take-home purchasing power relatively favorable despite the lower salary averages. Employers in Pelham paying well in this realm include life insurance firms like Prudential and MetLife, as well as consulting powerhouses such as Mercer and Aon. The disparity in pay among actuaries can be attributed to factors like exam progression – where each successfully passed exam can increase base salary by $3,000 to $8,000. Those who earn advanced credentials, especially FSAs or FCAS, are often positioned for higher salaries in fields like property and casualty or consulting. For aspiring actuaries in Pelham, focusing on exam success, gaining relevant VEE credits, and acquiring desired skills in predictive analytics can greatly enhance earning potential in this local market.
More salary data for Pelham, 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 $105,674 for actuariesin the Pelham 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 Pelham 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