Actuary Salary in Mount Prospect, IL: $130,210 (2026)
Quick Answer:A full-time actuary in Mount Prospect, IL earns a median $130,210/year (≈ $62.60/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Mount Prospect's price level (3% below national, BEA RPP 97.1), that paycheck buys what $134,099 would nationally. Nominal pay sits 0.0% above the Illinois state average.
Based on BLS state-level estimates · View source
The 2026 median annual actuary salary in Mount Prospect, IL is projected to be $130,210, reflecting a competitive edge within the local market when comparing to the national median of $134,160. The salary range for actuaries in the area extends from $75,972 at the 10th percentile to $201,825 at the 90th percentile, highlighting significant earning potential depending on experience and specialization. Local estimates based on 2025 BLS data indicate a steady demand for actuarial professionals, especially those selecting between specialties in the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) markets, which can substantially impact income potential.
About the Mount Prospect Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,972 | $36.52 |
| Lower Range (P25) | $94,819 | $45.58 |
| Median (P50)(typical) | $130,210 | $62.60 |
| Upper Range (P75) | $166,668 | $80.12 |
| Top Earners (P90) | $201,825 | $97.03 |
Median Salary Position
2.94% below the national average
2026 Salary Percentile Distribution in Mount Prospect
In Mount Prospect, IL, the actuary salary spread from the 10th to 90th percentile is $125,853 (2026 est.). At $130,210, the local median is 2.94% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Mount Prospect: You'd be in the lower-middle range
How Mount Prospect Actuary Pay Compares
Mount Prospect median: $130,210/year (2026)
| Compared To | Median Salary | Mount Prospect Pays |
|---|---|---|
| National Average | $134,160 | -2.94% less |
Actuarys in Mount Prospect, IL earn a median of $130,210 per year (2026 est.), which is 2.94% lower than the national median of $134,160.
Cost-of-Living Adjusted Salary
Mount Prospect 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.
Mount Prospect, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $130,210 nominally has purchasing power equivalent to $134,099 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$105,160
2025 BLS Actual
$126,172
2026 Current Est.
$130,210
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Mount Prospect (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $105,160 | Actual |
| 2020 | $107,761 | Actual |
| 2021 | $102,782 | Actual |
| 2022 | $110,633 | Actual |
| 2023 | $116,466 | Actual |
| 2024 | $126,172 | Actual |
| 2025 | $126,172 | Actual |
| 2026(current) | $130,210 | Estimated |
| 2027 | $134,376 | Projected |
Based on 7 years of BLS OEWS data for the Mount Prospect metropolitan area, the median actuary salary grew 20.0% from $105,160 (2019) to $126,172 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $134,376 by 2027 — a total increase of $29,216 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Mount Prospect 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) | $75,972 – $94,819 |
| 3-5 years (Mid Career) | $94,819 – $130,210 |
| 5+ years (Experienced) | $130,210 – $166,668 |
| 10+ years (Top Earner) | $166,668 – $201,825 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Mount Prospect
In Mount Prospect, the employment climate for actuaries is reinforced by a modest workforce of 13 professionals currently in the field. Coupled with a cost-of-living index of 97.1, actuaries can enjoy a relatively higher purchasing power despite the lower-than-national average salary expectations. Companies known for offering lucrative compensation include major life insurers like Prudential and health care providers such as UnitedHealth, as well as consulting firms like Milliman and Mercer. Factors like exam progression heavily influence salary disparities. For instance, each passed exam can result in a $3,000 to $8,000 salary increase, while attaining Fellowship status yields even higher returns. To maximize pay in this market, aspiring actuaries should focus on completing exams quickly, obtaining relevant credentialing, and seeking out opportunities in high-demand sectors like consulting, where advanced analytics and data science skills are increasingly valued.
More salary data for Mount Prospect, 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 $126,172 for actuariesin the Mount Prospect 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 Mount Prospect 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