Actuary Salary in Lake in the Hills, IL: $127,408 (2026)
Quick Answer:A full-time actuary in Lake in the Hills, IL earns a median $127,408/year (≈ $61.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Lake in the Hills's price level (3% below national, BEA RPP 97.1), that paycheck buys what $131,213 would nationally. Nominal pay sits 2.2% below the Illinois state average.
Based on BLS state-level estimates · View source
In 2026, actuary salaries in Lake in the Hills, Illinois, are projected to reach a median of $127,408, reflecting a competitive market for those pursuing careers in risk assessment and financial planning. Compensation in this sector varies widely, with entry-level actuaries potentially earning around $76,215 and seasoned professionals commanding up to $197,481. These figures, derived from estimates based on 2025 BLS data and regional price adjustments, indicate a salary landscape that slightly lags behind the national median of $134,160, hinting at an opportunity for growth as the industry evolves. Particularly, actuaries specializing in life, health, and pension offered by the Society of Actuaries (SOA) may find differing compensation profiles compared to those in property and casualty insurance under the Casualty Actuarial Society (CAS), presenting a choice for candidates that could influence their earning potential.
About the Lake in the Hills Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,215 | $36.65 |
| Lower Range (P25) | $93,991 | $45.19 |
| Median (P50)(typical) | $127,408 | $61.25 |
| Upper Range (P75) | $161,099 | $77.45 |
| Top Earners (P90) | $197,481 | $94.94 |
Median Salary Position
5.03% below the national average
2026 Salary Percentile Distribution in Lake in the Hills
In Lake in the Hills, IL, the actuary salary spread from the 10th to 90th percentile is $121,266 (2026 est.). At $127,408, the local median is 5.03% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Lake in the Hills: You'd be in the lower-middle range
How Lake in the Hills Actuary Pay Compares
Lake in the Hills median: $127,408/year (2026)
| Compared To | Median Salary | Lake in the Hills Pays |
|---|---|---|
| Illinois Average | $130,274 | -2.20% less |
| National Average | $134,160 | -5.03% less |
Actuarys in Lake in the Hills, IL earn a median of $127,408 per year (2026 est.), which is 5.03% lower than the national median of $134,160 and 2.20% below the Illinois state average of $130,274.
Cost-of-Living Adjusted Salary
Lake in the Hills 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.
Lake in the Hills, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $127,408 nominally has purchasing power equivalent to $131,213 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$102,897
2025 BLS Actual
$123,457
2026 Current Est.
$127,408
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Lake in the Hills (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,897 | Actual |
| 2020 | $105,442 | Actual |
| 2021 | $100,570 | Actual |
| 2022 | $108,253 | Actual |
| 2023 | $113,960 | Actual |
| 2024 | $123,457 | Actual |
| 2025 | $123,457 | Actual |
| 2026(current) | $127,408 | Estimated |
| 2027 | $131,485 | Projected |
Based on 7 years of BLS OEWS data for the Lake in the Hills metropolitan area, the median actuary salary grew 20.0% from $102,897 (2019) to $123,457 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,485 by 2027 — a total increase of $28,588 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lake in the Hills 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) | $76,215 – $93,991 |
| 3-5 years (Mid Career) | $93,991 – $127,408 |
| 5+ years (Experienced) | $127,408 – $161,099 |
| 10+ years (Top Earner) | $161,099 – $197,481 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Lake in the Hills
The job market for actuaries in Lake in the Hills is relatively small, with only six actuaries currently employed in the area. The local cost of living index is below the national average at 97.1, which may enhance the purchasing power of these salaries, but it also highlights the different financial realities faced by professionals in this region. Among local employers, life insurance companies like Prudential and MetLife are notable for providing higher salaries, particularly for those with advanced credentials. The discrepancy between low and high pay can often be attributed to the actuarial exam progression, where each passed exam typically increases compensation by $3,000 to $8,000. To maximize earnings in Lake in the Hills, it may be strategic for actuaries to pursue further credentials like the FSA, consider roles in consulting firms which typically offer more lucrative packages, and remain aware of market demands for predictive analytics and data science skills.
More salary data for Lake in the Hills, 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 $123,457 for actuariesin the Lake in the Hills 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 Lake in the Hills 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