Actuary Salary in Orland Park, IL: $132,088 (2026)
Quick Answer:A full-time actuary in Orland Park, IL earns a median $132,088/year (≈ $63.50/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Orland Park's price level (3% below national, BEA RPP 97.1), that paycheck buys what $136,033 would nationally. Nominal pay sits 1.4% above the Illinois state average.
Based on BLS state-level estimates · View source
In 2026, actuaries can expect a median annual salary of $132,088 in Orland Park, Illinois, which is slightly below the national median of $134,160. The salary range for this profession spans from $80,144 at the 10th percentile to $204,736 at the 90th percentile, offering a robust financial outlook for those advancing their careers in this area. Given the examination progression in the field, wherein each exam passed typically correlates with an increase in pay, the financial incentives are clear for actuaries determined to achieve higher credentials. Estimated salary figures derive from 2025 BLS data and adjusted for regional economic conditions, providing valuable insights for actuaries assessing their earning potential in Orland Park's job market.
About the Orland Park Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $80,144 | $38.53 |
| Lower Range (P25) | $98,494 | $47.35 |
| Median (P50)(typical) | $132,088 | $63.50 |
| Upper Range (P75) | $169,073 | $81.28 |
| Top Earners (P90) | $204,736 | $98.43 |
Median Salary Position
1.54% below the national average
2026 Salary Percentile Distribution in Orland Park
In Orland Park, IL, the actuary salary spread from the 10th to 90th percentile is $124,592 (2026 est.). At $132,088, the local median is 1.54% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Orland Park: You'd be in the lower-middle range
How Orland Park Actuary Pay Compares
Orland Park median: $132,088/year (2026)
| Compared To | Median Salary | Orland Park Pays |
|---|---|---|
| Illinois Average | $130,264 | +1.40% more |
| National Average | $134,160 | -1.54% less |
Actuarys in Orland Park, IL earn a median of $132,088 per year (2026 est.), which is 1.54% lower than the national median of $134,160 and 1.40% above the Illinois state average of $130,264.
Cost-of-Living Adjusted Salary
Orland 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.
Orland Park, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $132,088 nominally has purchasing power equivalent to $136,033 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$106,676
2025 BLS Actual
$127,992
2026 Current Est.
$132,088
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Orland Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $106,676 | Actual |
| 2020 | $109,315 | Actual |
| 2021 | $104,264 | Actual |
| 2022 | $112,229 | Actual |
| 2023 | $118,146 | Actual |
| 2024 | $127,992 | Actual |
| 2025 | $127,992 | Actual |
| 2026(current) | $132,088 | Estimated |
| 2027 | $136,315 | Projected |
Based on 7 years of BLS OEWS data for the Orland Park metropolitan area, the median actuary salary grew 20.0% from $106,676 (2019) to $127,992 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $136,315 by 2027 — a total increase of $29,639 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Orland 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) | $80,144 – $98,494 |
| 3-5 years (Mid Career) | $98,494 – $132,088 |
| 5+ years (Experienced) | $132,088 – $169,073 |
| 10+ years (Top Earner) | $169,073 – $204,736 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Orland Park
With only 9 actuaries employed locally, the job market remains selective, suggesting a competitive environment for candidates. The cost-of-living index in Orland Park is at 97.1, indicating that the area is slightly below the national average, which can enhance the purchasing power of actuarial salaries. Employers such as life insurance companies like Prudential and MetLife, along with health insurance firms such as UnitedHealth and Cigna, tend to offer some of the highest compensation packages in the area. The disparity in salaries is largely influenced by the rigorous exam progression, where advancing from an ASA to an FSA can lead to significant jumps in earnings, especially in specialized markets like property and casualty. To maximize their pay, actuaries in Orland Park should focus on acquiring additional credentials and consider roles in consulting firms, where the potential for higher salaries often captivates those even with foundational qualifications.
More salary data for Orland 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 $127,992 for actuariesin the Orland 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 Orland 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