Actuary Salary in Calumet City, IL: $123,536 (2026)
Quick Answer:A full-time actuary in Calumet City, IL earns a median $123,536/year (≈ $59.39/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Calumet City's price level (3% below national, BEA RPP 97.1), that paycheck buys what $127,226 would nationally. Nominal pay sits 5.2% below the Illinois state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Calumet City, Illinois are projected to earn a median annual salary of $123,536, positioned notably below the national median of $134,160. The local salary range is significant, extending from $77,975 at the 10th percentile to $191,480 at the 90th percentile. These estimates, derived from 2025 BLS data and adjusted for regional price parities, reflect a robust framework for compensation in the area. Factors such as the pay differential between consulting firms like Milliman and Mercer versus traditional insurers can have considerable implications for actuary pay in Calumet City, highlighting the competitive nature of the market, especially for those at the Fellowship level.
About the Calumet City Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $77,975 | $37.49 |
| Lower Range (P25) | $94,048 | $45.21 |
| Median (P50)(typical) | $123,536 | $59.39 |
| Upper Range (P75) | $158,125 | $76.02 |
| Top Earners (P90) | $191,480 | $92.05 |
Median Salary Position
7.92% below the national average
2026 Salary Percentile Distribution in Calumet City
In Calumet City, IL, the actuary salary spread from the 10th to 90th percentile is $113,505 (2026 est.). At $123,536, the local median is 7.92% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Calumet City: You'd be in the lower-middle range
How Calumet City Actuary Pay Compares
Calumet City median: $123,536/year (2026)
| Compared To | Median Salary | Calumet City Pays |
|---|---|---|
| Illinois Average | $130,312 | -5.20% less |
| National Average | $134,160 | -7.92% less |
Actuarys in Calumet City, IL earn a median of $123,536 per year (2026 est.), which is 7.92% lower than the national median of $134,160 and 5.20% below the Illinois state average of $130,312.
Cost-of-Living Adjusted Salary
Calumet City has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Calumet City, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $123,536 nominally has purchasing power equivalent to $127,226 in an average-cost city — an effective 2.99% boost.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$99,770
2025 BLS Actual
$119,705
2026 Current Est.
$123,536
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Calumet City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,770 | Actual |
| 2020 | $102,237 | Actual |
| 2021 | $97,514 | Actual |
| 2022 | $104,963 | Actual |
| 2023 | $110,497 | Actual |
| 2024 | $119,705 | Actual |
| 2025 | $119,705 | Actual |
| 2026(current) | $123,536 | Estimated |
| 2027 | $127,489 | Projected |
Based on 7 years of BLS OEWS data for the Calumet City metropolitan area, the median actuary salary grew 20.0% from $99,770 (2019) to $119,705 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $127,489 by 2027 — a total increase of $27,719 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Calumet City 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) | $77,975 – $94,048 |
| 3-5 years (Mid Career) | $94,048 – $123,536 |
| 5+ years (Experienced) | $123,536 – $158,125 |
| 10+ years (Top Earner) | $158,125 – $191,480 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Calumet City
Analyzing the local employment landscape, there are currently seven actuaries working within Calumet City, which may indicate a niche market for actuarial services. The cost of living index is at 97.1, suggesting that residents may find their take-home pay has relative purchasing power compared to national averages. Life and health insurance firms, alongside consulting organizations, typically offer higher compensations, particularly when targeting those with advanced credentials. Exam progression plays a crucial role in the variance of salaries, with each passed exam translating into a pay increase. Acquiring skills in areas like predictive analytics can also enhance earning potential. To maximize earning in this market, aspiring actuaries should focus on completing certification exams efficiently and seek opportunities in consulting roles, which tend to offer elevated pay scales for two-sided qualifications.
More salary data for Calumet City, IL:
Frequently Asked Questions
How much do actuaries make in Calumet City, IL in 2026?
Is Calumet City, IL a good place to work as a actuary?
Can actuaries make $100K in Calumet City?
What is the cost-of-living adjusted actuary salary in Calumet City?
How much does a actuary make per hour in Calumet City?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Illinois
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 $119,705 for actuariesin the Calumet City 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 Calumet City 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