Actuary Salary in Carpentersville, IL: $127,024 (2026)
Quick Answer:A full-time actuary in Carpentersville, IL earns a median $127,024/year (≈ $61.07/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Carpentersville's price level (3% below national, BEA RPP 97.1), that paycheck buys what $130,818 would nationally. Nominal pay sits 2.5% below the Illinois state average.
Based on BLS state-level estimates · View source
In Carpentersville, Illinois, actuary salaries will see a notable median of $127,024 in 2026, reflecting a slight dip compared to the national median of $134,160. The projected salary range for this occupation spans from $82,138 at the 10th percentile to $196,887 at the 90th percentile, indicating significant variability in pay based on experience and other factors. These figures are derived from 2025 BLS data, projected to 2026, with adjustments for regional cost conditions. Carpentersville's marketplace is characterized by a concentrated but competitive field of actuaries, offering promising opportunities for growth in a city with a relatively low cost of living index of 97.1, potentially enhancing take-home income for those in the profession.
About the Carpentersville Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $82,138 | $39.48 |
| Lower Range (P25) | $98,152 | $47.19 |
| Median (P50)(typical) | $127,024 | $61.07 |
| Upper Range (P75) | $162,591 | $78.16 |
| Top Earners (P90) | $196,887 | $94.66 |
Median Salary Position
5.32% below the national average
2026 Salary Percentile Distribution in Carpentersville
In Carpentersville, IL, the actuary salary spread from the 10th to 90th percentile is $114,749 (2026 est.). At $127,024, the local median is 5.32% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Carpentersville: You'd be in the lower-middle range
How Carpentersville Actuary Pay Compares
Carpentersville median: $127,024/year (2026)
| Compared To | Median Salary | Carpentersville Pays |
|---|---|---|
| Illinois Average | $130,281 | -2.50% less |
| National Average | $134,160 | -5.32% less |
Actuarys in Carpentersville, IL earn a median of $127,024 per year (2026 est.), which is 5.32% lower than the national median of $134,160 and 2.50% below the Illinois state average of $130,281.
Cost-of-Living Adjusted Salary
Carpentersville 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.
Carpentersville, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $127,024 nominally has purchasing power equivalent to $130,818 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$102,587
2025 BLS Actual
$123,085
2026 Current Est.
$127,024
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Carpentersville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,587 | Actual |
| 2020 | $105,124 | Actual |
| 2021 | $100,267 | Actual |
| 2022 | $107,927 | Actual |
| 2023 | $113,617 | Actual |
| 2024 | $123,085 | Actual |
| 2025 | $123,085 | Actual |
| 2026(current) | $127,024 | Estimated |
| 2027 | $131,088 | Projected |
Based on 7 years of BLS OEWS data for the Carpentersville metropolitan area, the median actuary salary grew 20.0% from $102,587 (2019) to $123,085 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,088 by 2027 — a total increase of $28,501 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Carpentersville 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) | $82,138 – $98,152 |
| 3-5 years (Mid Career) | $98,152 – $127,024 |
| 5+ years (Experienced) | $127,024 – $162,591 |
| 10+ years (Top Earner) | $162,591 – $196,887 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Carpentersville
The local job market in Carpentersville remains modestly active, with around eight actuaries currently employed in the area. This limited workforce can be a double-edged sword; while the number of available positions may not be vast, it means less competition among existing actuaries. Employers such as Prudential and State Farm tend to offer the highest wages, aiming to attract talent within insurance and consulting, which often yields premium salaries for those with advanced credentials. Given that each passed exam typically results in a pay increase of $3,000 to $8,000, actuaries looking to maximize pay should consider targeting firms that reward progression through the ASA to FSA timeline. Additionally, developing skills in data analytics can provide a competitive edge, as demand for these abilities continues to rise. Consequently, aspiring actuaries in Carpentersville should focus on obtaining higher certifications and seeking out firms that not only offer sound salary structures but also have attractive signing bonuses tied to exam completion.
More salary data for Carpentersville, IL:
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 $123,085 for actuariesin the Carpentersville 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 Carpentersville 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