Actuary Salary in Hoffman Estates, IL: $129,786 (2026)
Quick Answer:A full-time actuary in Hoffman Estates, IL earns a median $129,786/year (≈ $62.39/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Hoffman Estates's price level (3% below national, BEA RPP 97.1), that paycheck buys what $133,662 would nationally. Nominal pay sits 0.4% below the Illinois state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Hoffman Estates, Illinois, are projected to earn a median annual salary of $129,786, which is slightly below the national median of $134,160. This profession's salary range in the area extends from $75,276 at the 10th percentile to $201,169 at the 90th percentile. These figures, derived from BLS state-level data and regional price adjustments, reflect local market dynamics that influence actuary compensation. The moderate number of actuaries employed—only eight individuals in this field—suggests a niche market where specialized skills and credentials can significantly impact earning potential.
About the Hoffman Estates Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,276 | $36.19 |
| Lower Range (P25) | $94,000 | $45.19 |
| Median (P50)(typical) | $129,786 | $62.39 |
| Upper Range (P75) | $166,126 | $79.87 |
| Top Earners (P90) | $201,169 | $96.72 |
Median Salary Position
3.26% below the national average
2026 Salary Percentile Distribution in Hoffman Estates
In Hoffman Estates, IL, the actuary salary spread from the 10th to 90th percentile is $125,893 (2026 est.). At $129,786, the local median is 3.26% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Hoffman Estates: You'd be in the lower-middle range
How Hoffman Estates Actuary Pay Compares
Hoffman Estates median: $129,786/year (2026)
| Compared To | Median Salary | Hoffman Estates Pays |
|---|---|---|
| Illinois Average | $130,308 | -0.40% less |
| National Average | $134,160 | -3.26% less |
Actuarys in Hoffman Estates, IL earn a median of $129,786 per year (2026 est.), which is 3.26% lower than the national median of $134,160 and 0.40% below the Illinois state average of $130,308.
Cost-of-Living Adjusted Salary
Hoffman Estates 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.
Hoffman Estates, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $129,786 nominally has purchasing power equivalent to $133,662 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$104,818
2025 BLS Actual
$125,762
2026 Current Est.
$129,786
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Hoffman Estates (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $104,818 | Actual |
| 2020 | $107,410 | Actual |
| 2021 | $102,448 | Actual |
| 2022 | $110,274 | Actual |
| 2023 | $116,088 | Actual |
| 2024 | $125,762 | Actual |
| 2025 | $125,762 | Actual |
| 2026(current) | $129,786 | Estimated |
| 2027 | $133,940 | Projected |
Based on 7 years of BLS OEWS data for the Hoffman Estates metropolitan area, the median actuary salary grew 20.0% from $104,818 (2019) to $125,762 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $133,940 by 2027 — a total increase of $29,122 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hoffman Estates 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) | $75,276 – $94,000 |
| 3-5 years (Mid Career) | $94,000 – $129,786 |
| 5+ years (Experienced) | $129,786 – $166,126 |
| 10+ years (Top Earner) | $166,126 – $201,169 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Hoffman Estates
The cost of living index for Hoffman Estates stands at 97.1, somewhat below the national average of 100, suggesting that take-home pay can stretch further than in pricier regions. Employers such as Prudential, UnitedHealth, and various consulting firms may offer the most competitive salaries for actuaries, especially for those holding advanced credentials like FSA or FCAS. The disparity in pay within the local market can largely be attributed to exam progression; each passed exam typically leads to a substantial salary increment. Additionally, specialties such as property and casualty insurance, often seen in consulting firms, tend to yield higher salaries compared to life or health actuarial roles. For actuaries looking to maximize their pay in Hoffman Estates, pursuing advanced certifications and honing skills in predictive analytics or data science will be advantageous in this small yet specialized job market.
More salary data for Hoffman Estates, 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 $125,762 for actuariesin the Hoffman Estates 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 Hoffman Estates 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