Actuary Salary in Quincy, IL: $126,417 (2026)
Quick Answer:A full-time actuary in Quincy, IL earns a median $126,417/year (≈ $60.77/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Quincy's price level (3% below national, BEA RPP 97.1), that paycheck buys what $130,193 would nationally. Nominal pay sits 3.0% below the Illinois state average.
Based on BLS state-level estimates · View source
In Quincy, Illinois, actuaries can expect a median annual salary of $126,417 in 2026, which is slightly below the national median of $134,160. The salary range from the 10th to 90th percentile varies significantly, spanning from $74,121 to $195,946. These figures are influenced by local estimates derived from BLS state-level data and adjusted for regional cost differences. Compensation tends to be higher in consulting firms like Milliman, Mercer, and WTW compared to traditional insurance companies, reflecting the prevalent pay gradient between these sectors. For those looking to thrive in Quincy’s job market, understanding these dynamics can be pivotal for career advancement.
About the Quincy Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $74,121 | $35.63 |
| Lower Range (P25) | $96,944 | $46.61 |
| Median (P50)(typical) | $126,417 | $60.77 |
| Upper Range (P75) | $161,813 | $77.79 |
| Top Earners (P90) | $195,946 | $94.20 |
Median Salary Position
5.77% below the national average
2026 Salary Percentile Distribution in Quincy
In Quincy, IL, the actuary salary spread from the 10th to 90th percentile is $121,825 (2026 est.). At $126,417, the local median is 5.77% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Quincy: You'd be in the lower-middle range
How Quincy Actuary Pay Compares
Quincy median: $126,417/year (2026)
| Compared To | Median Salary | Quincy Pays |
|---|---|---|
| Illinois Average | $130,327 | -3.00% less |
| National Average | $134,160 | -5.77% less |
Actuarys in Quincy, IL earn a median of $126,417 per year (2026 est.), which is 5.77% lower than the national median of $134,160 and 3.00% below the Illinois state average of $130,327.
Cost-of-Living Adjusted Salary
Quincy 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.
Quincy, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $126,417 nominally has purchasing power equivalent to $130,193 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$102,097
2025 BLS Actual
$122,497
2026 Current Est.
$126,417
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Quincy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,097 | Actual |
| 2020 | $104,622 | Actual |
| 2021 | $99,788 | Actual |
| 2022 | $107,411 | Actual |
| 2023 | $113,074 | Actual |
| 2024 | $122,497 | Actual |
| 2025 | $122,497 | Actual |
| 2026(current) | $126,417 | Estimated |
| 2027 | $130,462 | Projected |
Based on 7 years of BLS OEWS data for the Quincy metropolitan area, the median actuary salary grew 20.0% from $102,097 (2019) to $122,497 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $130,462 by 2027 — a total increase of $28,365 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Quincy 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) | $74,121 – $96,944 |
| 3-5 years (Mid Career) | $96,944 – $126,417 |
| 5+ years (Experienced) | $126,417 – $161,813 |
| 10+ years (Top Earner) | $161,813 – $195,946 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Quincy
While it may seem that only six actuaries are actively employed in Quincy, the city’s cost of living index of 97.1 suggests favorable purchasing power compared to national averages. This context impacts how much actuaries can retain from their salaries. Top-paying employers in the region include life and health insurance companies such as Prudential and UnitedHealth, as well as consulting firms like Aon and Oliver Wyman. The disparity between low and high pay outcomes here is driven by several factors, including the progression through professional exams, which typically adds $3,000 to $8,000 to an actuary’s base salary for each exam passed. Actuaries should focus on passing their exams while developing skills in trending areas such as predictive analytics to maximize their earning potential in Quincy, IL.
More salary data for Quincy, 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 $122,497 for actuariesin the Quincy 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 Quincy 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