Actuary Salary in Madisonville, KY: $102,445 (2026)
Quick Answer:A full-time actuary in Madisonville, KY earns a median $102,445/year (≈ $49.26/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Madisonville's price level (11% below national, BEA RPP 89.3), that paycheck buys what $114,720 would nationally. Nominal pay sits 4.7% below the Kentucky state average.
Based on BLS state-level estimates · View source
In Madisonville, Kentucky, actuaries earn a 2026 median annual salary of $102,445, which reflects a significant gap compared to the national median of $134,160. The local salary range extends from $64,256 at the 10th percentile to $154,629 at the 90th percentile, indicating the diverse compensation levels influenced by experience and market specialization. These figures, derived from 2025 BLS data and adjusted for regional price parities, highlight the impact of local economic conditions on actuary pay. Given the competitive nature of the insurance and consulting sectors, professionals specializing in life and health insurance through the SOA may find unique opportunities compared to those in property and casualty markets governed by the CAS.
About the Madisonville Market
Salary estimated from Kentucky average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $64,256 | $30.89 |
| Lower Range (P25) | $77,431 | $37.22 |
| Median (P50)(typical) | $102,445 | $49.26 |
| Upper Range (P75) | $128,213 | $61.64 |
| Top Earners (P90) | $154,629 | $74.35 |
Median Salary Position
23.64% below the national average
2026 Salary Percentile Distribution in Madisonville
In Madisonville, KY, the actuary salary spread from the 10th to 90th percentile is $90,373 (2026 est.). At $102,445, the local median is 23.64% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Madisonville: You'd be in the lower-middle range
How Madisonville Actuary Pay Compares
Madisonville median: $102,445/year (2026)
| Compared To | Median Salary | Madisonville Pays |
|---|---|---|
| Kentucky Average | $107,497 | -4.70% less |
| National Average | $134,160 | -23.64% less |
Actuarys in Madisonville, KY earn a median of $102,445 per year (2026 est.), which is 23.64% lower than the national median of $134,160 and 4.70% below the Kentucky state average of $107,497.
Cost-of-Living Adjusted Salary
Madisonville 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.
Madisonville, KY has a cost-of-living index of 89.3 (below the national average of 100). A actuary earning $102,445 nominally has purchasing power equivalent to $114,720 in an average-cost city — an effective 11.98% boost.
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2019 BLS Actual
$82,736
2025 BLS Actual
$99,268
2026 Current Est.
$102,445
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Madisonville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $82,736 | Actual |
| 2020 | $84,783 | Actual |
| 2021 | $80,865 | Actual |
| 2022 | $87,043 | Actual |
| 2023 | $91,632 | Actual |
| 2024 | $91,879 | Actual |
| 2025 | $99,268 | Actual |
| 2026(current) | $102,445 | Estimated |
| 2027 | $105,723 | Projected |
Based on 7 years of BLS OEWS data for the Madisonville metropolitan area, the median actuary salary grew 20.0% from $82,736 (2019) to $99,268 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $105,723 by 2027 — a total increase of $22,987 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Madisonville 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) | $64,256 – $77,431 |
| 3-5 years (Mid Career) | $77,431 – $102,445 |
| 5+ years (Experienced) | $102,445 – $128,213 |
| 10+ years (Top Earner) | $128,213 – $154,629 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Madisonville
The job market in Madisonville currently supports five actuaries, which portrays a niche employment landscape for this profession. With a cost-of-living index at 89.3, professionals may find their purchasing power somewhat enhanced compared to other regions, despite the lower salary averages. Employers like Prudential and UnitedHealth offer compelling compensation packages, particularly for those with advanced designations and specializations. Pay disparities often relate to exam progression; each passed exam can add significantly to base pay, establishing a direct incentive to pursue further credentials. In this local context, aspiring actuaries should focus on building predictive analytics skills and consider opportunities in consulting firms, which tend to offer higher salaries for well-credentialed candidates. Enhancing exam credentials and understanding the premium associated with specialized knowledge could drive career growth and financial benefits for those looking to maximize their actuarial pay in Madisonville, KY.
More salary data for Madisonville, 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 $99,268 for actuariesin the Madisonville 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 Madisonville 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