Actuary Salary in Independence, KY: $106,682 (2026)
Quick Answer:A full-time actuary in Independence, KY earns a median $106,682/year (≈ $51.29/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Independence's price level (11% below national, BEA RPP 89.3), that paycheck buys what $119,465 would nationally. Nominal pay sits 0.8% below the Kentucky state average.
Based on BLS state-level estimates · View source
In Independence, KY, actuaries can expect a median annual salary of $106,682 in 2026, which falls significantly below the national median of $134,160. The salary range for actuaries in the area shows a wide variation, from $66,478 at the 10th percentile to $165,357 at the 90th percentile. These figures are based on estimates derived from BLS state-level data coupled with adjustments for regional price parities. While the compensation is lower compared to national averages, the market remains stable with a projected annual growth rate of 3.20%, reflecting steady demand for this profession.
About the Independence Market
Salary estimated from Kentucky average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $66,478 | $31.96 |
| Lower Range (P25) | $80,584 | $38.74 |
| Median (P50)(typical) | $106,682 | $51.29 |
| Upper Range (P75) | $136,553 | $65.65 |
| Top Earners (P90) | $165,357 | $79.49 |
Median Salary Position
20.48% below the national average
2026 Salary Percentile Distribution in Independence
In Independence, KY, the actuary salary spread from the 10th to 90th percentile is $98,879 (2026 est.). At $106,682, the local median is 20.48% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Independence: You'd be in the lower-middle range
How Independence Actuary Pay Compares
Independence median: $106,682/year (2026)
| Compared To | Median Salary | Independence Pays |
|---|---|---|
| Kentucky Average | $107,542 | -0.80% less |
| National Average | $134,160 | -20.48% less |
Actuarys in Independence, KY earn a median of $106,682 per year (2026 est.), which is 20.48% lower than the national median of $134,160 and 0.80% below the Kentucky state average of $107,542.
Cost-of-Living Adjusted Salary
Independence has a cost of living 10.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Independence, KY has a cost-of-living index of 89.3 (below the national average of 100). A actuary earning $106,682 nominally has purchasing power equivalent to $119,465 in an average-cost city — an effective 11.98% boost.
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2019 BLS Actual
$86,158
2025 BLS Actual
$103,374
2026 Current Est.
$106,682
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Independence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $86,158 | Actual |
| 2020 | $88,289 | Actual |
| 2021 | $84,210 | Actual |
| 2022 | $90,643 | Actual |
| 2023 | $95,422 | Actual |
| 2024 | $95,680 | Actual |
| 2025 | $103,374 | Actual |
| 2026(current) | $106,682 | Estimated |
| 2027 | $110,096 | Projected |
Based on 7 years of BLS OEWS data for the Independence metropolitan area, the median actuary salary grew 20.0% from $86,158 (2019) to $103,374 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $110,096 by 2027 — a total increase of $23,938 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Independence 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) | $66,478 – $80,584 |
| 3-5 years (Mid Career) | $80,584 – $106,682 |
| 5+ years (Experienced) | $106,682 – $136,553 |
| 10+ years (Top Earner) | $136,553 – $165,357 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Independence
Looking deeper into the local job market, there are currently five actuaries employed in Independence, KY. The cost of living index in the area is 89.3, indicating that the purchasing power of an actuary's salary is somewhat enhanced by lower living expenses. In terms of pay, employers such as insurance firms—Prudential and MetLife—tend to offer competitive salaries to actuaries, especially those who progress through the exam system. Each passed exam can boost an actuary’s pay by several thousand dollars. Credential levels also affect salary dynamics, with actuaries holding ASA or ACAS credentials typically earning less than those with FSA or FCAS designations. To maximize compensation in this specific market, aspiring actuaries should focus on passing exams efficiently, pursuing relevant specialties, and considering opportunities in consulting firms that often offer higher starting salaries for credentials obtained.
More salary data for Independence, KY:
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 $103,374 for actuariesin the Independence 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 Independence 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