Actuary Salary in Peoria, IL: $130,599 (2026)
Quick Answer:A full-time actuary in Peoria, IL earns a median $130,599/year (≈ $62.79/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Peoria's price level (3% below national, BEA RPP 97.1), that paycheck buys what $134,499 would nationally. Nominal pay sits 0.3% above the Illinois state average.
Based on BLS state-level estimates · View source
Projected for 2026, actuaries in Peoria, Illinois, can anticipate a median annual salary of $130,599, slightly below the national median of $134,160, indicating a 2.65% discrepancy. The salary range for actuaries varies widely, from $81,457 at the 10th percentile to $202,428 at the 90th percentile, reflecting significant differences based on experience, credentials, and specialization. Employers in the region must consider local cost adjustments when determining compensation packages, as Peoria's cost of living index sits at 97.1, just below the national average. This positions Peoria's actuary market as competitive, yet still offers room for growth and advancement through successful exam progression and additional credentials.
About the Peoria Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $81,457 | $39.16 |
| Lower Range (P25) | $99,279 | $47.73 |
| Median (P50)(typical) | $130,599 | $62.79 |
| Upper Range (P75) | $167,166 | $80.37 |
| Top Earners (P90) | $202,428 | $97.32 |
Median Salary Position
2.65% below the national average
2026 Salary Percentile Distribution in Peoria
In Peoria, IL, the actuary salary spread from the 10th to 90th percentile is $120,971 (2026 est.). At $130,599, the local median is 2.65% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Peoria: You'd be in the lower-middle range
How Peoria Actuary Pay Compares
Peoria median: $130,599/year (2026)
| Compared To | Median Salary | Peoria Pays |
|---|---|---|
| Illinois Average | $130,208 | +0.30% more |
| National Average | $134,160 | -2.65% less |
Actuarys in Peoria, IL earn a median of $130,599 per year (2026 est.), which is 2.65% lower than the national median of $134,160 and 0.30% above the Illinois state average of $130,208.
Cost-of-Living Adjusted Salary
Peoria 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.
Peoria, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $130,599 nominally has purchasing power equivalent to $134,499 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$105,474
2025 BLS Actual
$126,549
2026 Current Est.
$130,599
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Peoria (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $105,474 | Actual |
| 2020 | $108,083 | Actual |
| 2021 | $103,089 | Actual |
| 2022 | $110,964 | Actual |
| 2023 | $116,814 | Actual |
| 2024 | $101,750 | Actual |
| 2025 | $126,549 | Actual |
| 2026(current) | $130,599 | Estimated |
| 2027 | $134,778 | Projected |
Based on 7 years of BLS OEWS data for the Peoria metropolitan area, the median actuary salary grew 20.0% from $105,474 (2019) to $126,549 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $134,778 by 2027 — a total increase of $29,304 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Peoria 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) | $81,457 – $99,279 |
| 3-5 years (Mid Career) | $99,279 – $130,599 |
| 5+ years (Experienced) | $130,599 – $167,166 |
| 10+ years (Top Earner) | $167,166 – $202,428 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Peoria
The local job market for actuaries is relatively modest, with only 28 professionals currently employed in Peoria. However, the supportive cost of living enhances purchasing power, making the projected compensation more impactful. Major employers include life insurance giants like Prudential and MetLife, alongside health insurance firms such as UnitedHealth and Cigna, which tend to offer the highest salaries. This sector's pay range is influenced by various factors, including exam passes that can yield pay increases of $3,000 to $8,000 per passed exam and the credentials attained through the Society of Actuaries or the Casualty Actuarial Society. To optimize earning potential in Peoria, actuaries should focus on becoming Fellows, specializing in property and casualty or consulting roles, and consider pursuing additional certifications or skills in predictive analytics to stay competitive in this evolving field.
More salary data for Peoria, 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 $126,549 for actuariesin the Peoria 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 Peoria 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