Actuary Salary in Collinsville, IL: $127,387 (2026)
Quick Answer:A full-time actuary in Collinsville, IL earns a median $127,387/year (≈ $61.24/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Collinsville's price level (3% below national, BEA RPP 97.1), that paycheck buys what $131,192 would nationally. Nominal pay sits 2.2% below the Illinois state average.
Based on BLS state-level estimates · View source
In Collinsville, Illinois, actuaries can expect a median annual salary of $127,387 in 2026, which is slightly below the national median of $134,160. The figures indicate a range of compensation within the profession, with salaries spanning from $76,304 at the 10th percentile to $197,449 at the 90th percentile. These estimates are derived from state-level data and regional price adjustments, reflecting local economic conditions. The actuarial job market here may offer unique opportunities, particularly depending on whether one specializes in the Society of Actuaries (SOA) sectors of life, health, or pensions, as opposed to the Casualty Actuarial Society (CAS) focus on property and casualty insurance.
About the Collinsville Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,304 | $36.69 |
| Lower Range (P25) | $93,951 | $45.17 |
| Median (P50)(typical) | $127,387 | $61.24 |
| Upper Range (P75) | $163,055 | $78.39 |
| Top Earners (P90) | $197,449 | $94.92 |
Median Salary Position
5.05% below the national average
2026 Salary Percentile Distribution in Collinsville
In Collinsville, IL, the actuary salary spread from the 10th to 90th percentile is $121,145 (2026 est.). At $127,387, the local median is 5.05% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Collinsville: You'd be in the lower-middle range
How Collinsville Actuary Pay Compares
Collinsville median: $127,387/year (2026)
| Compared To | Median Salary | Collinsville Pays |
|---|---|---|
| Illinois Average | $130,253 | -2.20% less |
| National Average | $134,160 | -5.05% less |
Actuarys in Collinsville, IL earn a median of $127,387 per year (2026 est.), which is 5.05% lower than the national median of $134,160 and 2.20% below the Illinois state average of $130,253.
Cost-of-Living Adjusted Salary
Collinsville 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.
Collinsville, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $127,387 nominally has purchasing power equivalent to $131,192 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$102,880
2025 BLS Actual
$123,437
2026 Current Est.
$127,387
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Collinsville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,880 | Actual |
| 2020 | $105,425 | Actual |
| 2021 | $100,554 | Actual |
| 2022 | $108,235 | Actual |
| 2023 | $113,942 | Actual |
| 2024 | $123,437 | Actual |
| 2025 | $123,437 | Actual |
| 2026(current) | $127,387 | Estimated |
| 2027 | $131,463 | Projected |
Based on 7 years of BLS OEWS data for the Collinsville metropolitan area, the median actuary salary grew 20.0% from $102,880 (2019) to $123,437 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,463 by 2027 — a total increase of $28,583 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Collinsville 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) | $76,304 – $93,951 |
| 3-5 years (Mid Career) | $93,951 – $127,387 |
| 5+ years (Experienced) | $127,387 – $163,055 |
| 10+ years (Top Earner) | $163,055 – $197,449 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Collinsville
Despite a modest workforce of just five actuaries employed in Collinsville, the market is influenced by a cost of living index of 97.1, which suggests that while salaries are lower than the national average, the purchasing power may still remain competitive. Local employers such as Prudential and UnitedHealth are likely among the top payers in the area, especially in life and health insurance, where there is typically a higher compensation compared to property and casualty sectors. Variability in actuary pay in Collinsville can often be attributed to factors such as exam progressions, with each passed exam potentially adding $3,000 to $8,000 to base salaries. Actuaries looking to maximize their pay in this market would benefit from targeting their specialty towards sectors that generally offer higher rewards and actively pursuing credentials that elevate their standing in the field, especially at consulting firms that often provide attractive pay packages for fully credentialed professionals.
More salary data for Collinsville, 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 $123,437 for actuariesin the Collinsville 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 Collinsville 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