Actuary Salary in Skokie, IL: $127,352 (2026)
Quick Answer:A full-time actuary in Skokie, IL earns a median $127,352/year (≈ $61.23/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Skokie's price level (3% below national, BEA RPP 97.1), that paycheck buys what $131,156 would nationally. Nominal pay sits 2.2% below the Illinois state average.
Based on BLS state-level estimates · View source
In Skokie, Illinois, actuaries can expect a median annual salary of $127,352 in 2026, which falls slightly below the national average of $134,160. The salary range for this profession in the area varies significantly, with entry-level positions starting at around $79,847 and experienced professionals earning upwards of $197,396. This data, derived from 2025 BLS estimates projected to 2026, reflects the local market dynamics. Actuaries in Skokie primarily serve in life, health, and pension sectors through the Society of Actuaries (SOA), as well as in the property and casualty field under the Casualty Actuarial Society (CAS). Understanding these distinctions is vital for job seekers, as the choice of specialization can greatly influence earning potential in this competitive job market.
About the Skokie Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $79,847 | $38.39 |
| Lower Range (P25) | $94,205 | $45.29 |
| Median (P50)(typical) | $127,352 | $61.23 |
| Upper Range (P75) | $163,011 | $78.37 |
| Top Earners (P90) | $197,396 | $94.90 |
Median Salary Position
5.07% below the national average
2026 Salary Percentile Distribution in Skokie
In Skokie, IL, the actuary salary spread from the 10th to 90th percentile is $117,549 (2026 est.). At $127,352, the local median is 5.07% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Skokie: You'd be in the lower-middle range
How Skokie Actuary Pay Compares
Skokie median: $127,352/year (2026)
| Compared To | Median Salary | Skokie Pays |
|---|---|---|
| Illinois Average | $130,217 | -2.20% less |
| National Average | $134,160 | -5.07% less |
Actuarys in Skokie, IL earn a median of $127,352 per year (2026 est.), which is 5.07% lower than the national median of $134,160 and 2.20% below the Illinois state average of $130,217.
Cost-of-Living Adjusted Salary
Skokie 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.
Skokie, IL has a cost-of-living index of 97.1 (below the national average of 100). A actuary earning $127,352 nominally has purchasing power equivalent to $131,156 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$102,852
2025 BLS Actual
$123,403
2026 Current Est.
$127,352
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Skokie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,852 | Actual |
| 2020 | $105,396 | Actual |
| 2021 | $100,526 | Actual |
| 2022 | $108,205 | Actual |
| 2023 | $113,910 | Actual |
| 2024 | $123,403 | Actual |
| 2025 | $123,403 | Actual |
| 2026(current) | $127,352 | Estimated |
| 2027 | $131,427 | Projected |
Based on 7 years of BLS OEWS data for the Skokie metropolitan area, the median actuary salary grew 20.0% from $102,852 (2019) to $123,403 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,427 by 2027 — a total increase of $28,575 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Skokie 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) | $79,847 – $94,205 |
| 3-5 years (Mid Career) | $94,205 – $127,352 |
| 5+ years (Experienced) | $127,352 – $163,011 |
| 10+ years (Top Earner) | $163,011 – $197,396 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Skokie
In the context of Skokie's job market, the employment figures reveal 12 actuaries currently working in the area, indicating a modest yet stable demand. With a cost-of-living index standing at 97.1, Skokie offers a favorable environment for purchasing power, allowing professionals to maintain a comfortable standard of living despite slightly lower salaries than the national median. Employers in the region, particularly leading firms in life insurance like Prudential and health insurance companies such as UnitedHealth, often provide the best compensation packages. The substantial pay range reflects differences driven by factors such as exam progression, with each additional qualification typically translating to a pay increase, and the variance in specialty market demands. Candidates seeking to maximize their actuary pay in Skokie should focus on obtaining advanced credentials, understanding the value of consulting roles for FSA or FCAS designated actuaries, and pursuing relevant skills in predictive analytics to enhance their marketability.
More salary data for Skokie, 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 $123,403 for actuariesin the Skokie 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 Skokie 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