Actuary Salary in Indiana: $112,623 (2026)
Quick Answer:Across Indiana's 43 metropolitan areas, the average median actuary pay sits at $112,623/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 15-2011. Because Indiana sits at BEA RPP 91.3 (9% below the U.S. baseline), that statewide median translates to roughly $123,355 in nationally-comparable purchasing power. Highest-paying metros: Fort Wayne ($128,290), South Bend ($122,471), Evansville ($121,330).
In Indiana, actuary salaries average $112,623, which falls significantly below the national median of $134,160, representing a difference of -16.1%. The salary range varies across the state, with Fort Wayne offering the highest average salary at $132,395, while Greenwood has the lowest at $102,108, marking a gap of $30,287. This disparity can be attributed to factors such as the cost of living, demand for actuarial services in local industries, and the availability of positions in metropolitan areas. Actuaries in Indiana must adhere to state licensing requirements and comply with specific scope of practice laws that influence their roles and responsibilities in various sectors, including insurance and finance. The projected job market for actuaries shows a growth rate of 3.20% annually, indicating a steady demand for professionals in this field. In terms of employment distribution, other cities like South Bend, Evansville, Muncie, and Noblesville are also significant, with average salaries of $126,390, $125,213, $124,236, and $123,848, respectively. This outlook suggests a healthy demand for actuaries across Indiana, although salaries may vary based on location and sector engagement.
Indiana Actuary Salary Range
Overall salary range in Indiana: $62,778 (lowest entry-level) to $195,905 (highest top earner)
Indiana vs National Average
Indiana actuaries earn 16.05% less than the national median ($-21,537/year difference).
Indiana Actuary Salary Distribution (2026)
Actuary salaries in Indiana range from $71,858 (entry-level, 10th percentile) to $163,485 (top earners, 90th percentile), with a median of $112,623. The Indiana median is $21,537 below the US national median of $134,160. The average hourly rate is $54.15/hr. Approximately 978 actuarys are employed across 43 cities.
2019 BLS Actual
$99,370
2025 BLS Actual
$109,131
2026 Current Est.
$112,623
2019–2027 Growth
+17.0%
Salary Trajectory for Actuaries in Indiana (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,370 | Actual |
| 2020 | $101,163 | Actual |
| 2021 | $120,033 | Actual |
| 2022 | $109,146 | Actual |
| 2023 | $96,810 | Actual |
| 2024 | $101,542 | Actual |
| 2025 | $109,131 | Actual |
| 2026(current) | $112,623 | Estimated |
| 2027 | $116,227 | Projected |
Based on 7 years of BLS OEWS data for the Indiana metropolitan area, the median actuary salary grew 9.8% from $99,370 (2019) to $109,131 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $116,227 by 2027 — a total increase of $16,857 (16.96%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Indiana 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.
Top 5 Highest Paying Cities in Indiana
Lowest Paying Cities in Indiana
| City | Median Salary |
|---|---|
| Greenwood | $102,108 |
| Carmel | $103,360 |
| Indianapolis | $104,273 |
| Munster | $112,703 |
| Avon | $115,134 |
Best Value Cities for Actuaries in Indiana
When adjusted for local cost of living, these Indiana cities offer the most purchasing power for actuaries.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Fort Wayne | $132,395 | 92.572 | $143,018 |
| South Bend | $126,390 | 91.3 | $138,434 |
| Evansville | $125,213 | 91.3 | $137,145 |
| Muncie | $124,236 | 91.3 | $136,074 |
| Noblesville | $123,848 | 91.3 | $135,650 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Indiana
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $71,858 |
| Mid Career (3-7 years) | $112,623 |
| Experienced (7+ years) | $163,485 |
Estimates based on BLS percentile data averaged across Indiana metro areas. Individual pay varies by employer, certifications, and specialization.
All 43 Cities in Indiana
| # | City | Median Salary |
|---|---|---|
| 1 | Fort Wayne | $132,395 |
| 2 | South Bend | $126,390 |
| 3 | Evansville | $125,213 |
| 4 | Muncie | $124,236 |
| 5 | Noblesville | $123,848 |
| 6 | Terre Haute | $123,703 |
| 7 | Lafayette | $123,295 |
| 8 | Gary | $122,646 |
| 9 | Fishers | $122,199 |
| 10 | Bloomington | $121,403 |
| 11 | Plainfield | $121,042 |
| 12 | Valparaiso | $120,823 |
| 13 | Columbus | $120,690 |
| 14 | Elkhart | $120,657 |
| 15 | Kokomo | $120,638 |
| 16 | Westfield | $120,434 |
| 17 | Franklin | $120,415 |
| 18 | Schererville | $120,149 |
| 19 | Anderson | $119,725 |
| 20 | Mishawaka | $119,706 |
| 21 | Richmond | $119,198 |
| 22 | Hammond | $119,143 |
| 23 | Marion | $118,381 |
| 24 | Portage | $118,315 |
| 25 | East Chicago | $118,257 |
| 26 | New Albany | $118,238 |
| 27 | Jeffersonville | $118,010 |
| 28 | Zionsville | $117,678 |
| 29 | Hobart | $117,630 |
| 30 | Merrillville | $117,497 |
| 31 | Granger | $117,459 |
| 32 | Lawrence | $117,184 |
| 33 | Goshen | $117,136 |
| 34 | West Lafayette | $116,956 |
| 35 | Crown Point | $116,699 |
| 36 | Shelbyville | $116,663 |
| 37 | Michigan City | $116,489 |
| 38 | Brownsburg | $115,958 |
| 39 | Avon | $115,134 |
| 40 | Munster | $112,703 |
| 41 | Indianapolis | $104,273 |
| 42 | Carmel | $103,360 |
| 43 | Greenwood | $102,108 |
More Indiana Salary Data
Senior / Experienced
Top earner salaries for experienced actuaries.
Compare Cities in Indiana
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Frequently Asked Questions
How much do actuaries make in Indiana in 2026?
What is the highest paying city for actuaries in Indiana?
How does Indiana actuary pay compare to the national average?
What is the entry-level actuary salary in Indiana?
How many actuaries are employed in Indiana?
Which Indiana city offers the best value for actuaries?
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
Statewide 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. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to each metro area's reported salary to estimate current 2026 actuary compensation across Indiana. State averages are employment-weighted across 43 metro areas — larger metro areas with more actuariescontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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