Actuary Salary in Oak Park, IL: $129,323 (2026)
Quick Answer:A full-time actuary in Oak Park, IL earns a median $129,323/year (≈ $62.18/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Oak Park's price level (3% below national, BEA RPP 97.1), that paycheck buys what $133,185 would nationally. Nominal pay sits 0.7% below the Illinois state average.
Based on BLS state-level estimates · View source
In Oak Park, Illinois, the projected median annual salary for actuaries in 2026 is estimated at $129,323, which is slightly below the national median of $134,160. Salary ranges for actuaries in this area reflect a wide dispersion, starting from $75,008 at the 10th percentile and reaching up to $200,451 at the 90th percentile. These figures are drawn from 2025 BLS data, projected to 2026, and account for local economic conditions and regional price adjustments. Given the presence of both consulting firms and insurance companies, actuaries in Oak Park may see variations in pay based on industry alignment and specific employer practices, with consulting firms generally offering higher compensation than traditional insurers.
About the Oak Park Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,008 | $36.06 |
| Lower Range (P25) | $100,865 | $48.49 |
| Median (P50)(typical) | $129,323 | $62.18 |
| Upper Range (P75) | $165,534 | $79.59 |
| Top Earners (P90) | $200,451 | $96.37 |
Median Salary Position
3.61% below the national average
2026 Salary Percentile Distribution in Oak Park
In Oak Park, IL, the actuary salary spread from the 10th to 90th percentile is $125,443 (2026 est.). At $129,323, the local median is 3.61% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Oak Park: You'd be in the lower-middle range
How Oak Park Actuary Pay Compares
Oak Park median: $129,323/year (2026)
| Compared To | Median Salary | Oak Park Pays |
|---|---|---|
| Illinois Average | $130,235 | -0.70% less |
| National Average | $134,160 | -3.61% less |
Actuarys in Oak Park, IL earn a median of $129,323 per year (2026 est.), which is 3.61% lower than the national median of $134,160 and 0.70% below the Illinois state average of $130,235.
Cost-of-Living Adjusted Salary
Oak Park 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.
Oak Park, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $129,323 nominally has purchasing power equivalent to $133,185 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$104,444
2025 BLS Actual
$125,313
2026 Current Est.
$129,323
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Oak Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $104,444 | Actual |
| 2020 | $107,027 | Actual |
| 2021 | $102,082 | Actual |
| 2022 | $109,880 | Actual |
| 2023 | $115,674 | Actual |
| 2024 | $125,313 | Actual |
| 2025 | $125,313 | Actual |
| 2026(current) | $129,323 | Estimated |
| 2027 | $133,461 | Projected |
Based on 7 years of BLS OEWS data for the Oak Park metropolitan area, the median actuary salary grew 20.0% from $104,444 (2019) to $125,313 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $133,461 by 2027 — a total increase of $29,017 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Oak Park 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) | $75,008 – $100,865 |
| 3-5 years (Mid Career) | $100,865 – $129,323 |
| 5+ years (Experienced) | $129,323 – $165,534 |
| 10+ years (Top Earner) | $165,534 – $200,451 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Oak Park
The local actuary job market includes around ten professionals, indicating a niche but established community. With a cost-of-living index of 97.1, which is below the national average, actuaries can find their purchasing power to be quite favorable in Oak Park. Employers such as UnitedHealth and Prudential tend to offer some of the highest pay in the region, leveraging their need for skilled actuaries for both health management and life insurance products. The disparity in salaries often comes down to factors like exam progression, with each passed exam typically adding to one’s base salary, and the level of credentialing; the income jump from ASA to FSA can be significant. For actuaries looking to maximize their pay in this market, it’s beneficial to target consulting roles, further education, and specialty markets like property and casualty or predictive analysis, which are increasingly in demand.
More salary data for Oak Park, 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 $125,313 for actuariesin the Oak Park 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 Oak Park 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