Actuary Salary in Mishawaka, IN: $119,706 (2026)
Quick Answer:A full-time actuary in Mishawaka, IN earns a median $119,706/year (≈ $57.55/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Mishawaka's price level (9% below national, BEA RPP 91.3), that paycheck buys what $131,113 would nationally. Nominal pay sits 2.3% below the Indiana state average.
Based on BLS state-level estimates · View source
For actuaries in Mishawaka, Indiana, the projected median annual salary in 2026 is $119,706. With a salary range stretching from $75,114 at the lower end to $185,544 at the higher end, this compensation reflects local estimates based on 2025 BLS data and regional pricing adjustments. The actuary specialization in Mishawaka tends to skew toward life and health (SOA) rather than property and casualty (CAS), which may influence pay scales. Understanding the regional dynamics of the actuarial market is essential, as it enables potential candidates to make informed decisions about their career paths and financial expectations in Mishawaka.
About the Mishawaka Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,114 | $36.11 |
| Lower Range (P25) | $91,123 | $43.81 |
| Median (P50)(typical) | $119,706 | $57.55 |
| Upper Range (P75) | $153,223 | $73.66 |
| Top Earners (P90) | $185,544 | $89.21 |
Median Salary Position
10.77% below the national average
2026 Salary Percentile Distribution in Mishawaka
In Mishawaka, IN, the actuary salary spread from the 10th to 90th percentile is $110,430 (2026 est.). At $119,706, the local median is 10.77% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Mishawaka: You'd be in the lower-middle range
How Mishawaka Actuary Pay Compares
Mishawaka median: $119,706/year (2026)
| Compared To | Median Salary | Mishawaka Pays |
|---|---|---|
| Indiana Average | $122,524 | -2.30% less |
| National Average | $134,160 | -10.77% less |
Actuarys in Mishawaka, IN earn a median of $119,706 per year (2026 est.), which is 10.77% lower than the national median of $134,160 and 2.30% below the Indiana state average of $122,524.
Cost-of-Living Adjusted Salary
Mishawaka has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Mishawaka, IN has a cost-of-living index of 91.3 (below the national average of 100). A actuary earning $119,706 nominally has purchasing power equivalent to $131,113 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$96,677
2025 BLS Actual
$115,994
2026 Current Est.
$119,706
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Mishawaka (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $96,677 | Actual |
| 2020 | $99,068 | Actual |
| 2021 | $94,490 | Actual |
| 2022 | $101,709 | Actual |
| 2023 | $107,071 | Actual |
| 2024 | $102,610 | Actual |
| 2025 | $115,994 | Actual |
| 2026(current) | $119,706 | Estimated |
| 2027 | $123,536 | Projected |
Based on 7 years of BLS OEWS data for the Mishawaka metropolitan area, the median actuary salary grew 20.0% from $96,677 (2019) to $115,994 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $123,536 by 2027 — a total increase of $26,859 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Mishawaka 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) | $75,114 – $91,123 |
| 3-5 years (Mid Career) | $91,123 – $119,706 |
| 5+ years (Experienced) | $119,706 – $153,223 |
| 10+ years (Top Earner) | $153,223 – $185,544 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Mishawaka
The local job market for actuaries is relatively modest, with only nine actuaries employed in the area. Despite this limited number, the cost of living index at 91.3 indicates that wages may stretch further compared to larger metropolitan areas. Employers such as Prudential and UnitedHealth typically offer competitive salaries, particularly for those with advanced credentials like FSA or FCAS, driving the pay gap based on exam progression and specialty markets. The expected annual growth rate of 3.20% suggests a steady demand for actuaries, while those aiming for higher compensation should focus on advancing their qualifications through SOA exams and pursuing roles in insurance consulting firms, where the financial rewards are often more substantial, especially for fellows and candidates with strong analytical skills.
More salary data for Mishawaka, IN:
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 $115,994 for actuariesin the Mishawaka 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 Mishawaka 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