Actuary Salary in Murray, KY: $100,577 (2026)
Quick Answer:A full-time actuary in Murray, KY earns a median $100,577/year (≈ $48.35/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Murray's price level (11% below national, BEA RPP 89.3), that paycheck buys what $112,628 would nationally. Nominal pay sits 6.5% below the Kentucky state average.
Based on BLS state-level estimates · View source
Actuaries in Murray, Kentucky, can expect a median annual salary of $100,577 in 2026, which reflects a notable decline compared to the national median of $134,160. The local salary range is between $68,481 at the 10th percentile and $155,894 at the 90th percentile, indicating a diversity in compensation based on experience and responsibilities. These figures are derived from BLS state-level data and regional cost adjustments that reflect the area's economic conditions. Murray's job market is relatively small, with only four actuaries currently employed, but this offers a unique environment for professionals looking to navigate their career paths, especially for those progressing through the actuarial exams.
About the Murray Market
Salary estimated from Kentucky average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $68,481 | $32.92 |
| Lower Range (P25) | $79,943 | $38.43 |
| Median (P50)(typical) | $100,577 | $48.35 |
| Upper Range (P75) | $128,738 | $61.89 |
| Top Earners (P90) | $155,894 | $74.95 |
Median Salary Position
25.03% below the national average
2026 Salary Percentile Distribution in Murray
In Murray, KY, the actuary salary spread from the 10th to 90th percentile is $87,413 (2026 est.). At $100,577, the local median is 25.03% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Murray: You'd be in the lower-middle range
How Murray Actuary Pay Compares
Murray median: $100,577/year (2026)
| Compared To | Median Salary | Murray Pays |
|---|---|---|
| Kentucky Average | $107,569 | -6.50% less |
| National Average | $134,160 | -25.03% less |
Actuarys in Murray, KY earn a median of $100,577 per year (2026 est.), which is 25.03% lower than the national median of $134,160 and 6.50% below the Kentucky state average of $107,569.
Cost-of-Living Adjusted Salary
Murray 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.
Murray, KY has a cost-of-living index of 89.3 (below the national average of 100). A actuary earning $100,577 nominally has purchasing power equivalent to $112,628 in an average-cost city — an effective 11.98% boost.
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2019 BLS Actual
$81,227
2025 BLS Actual
$97,458
2026 Current Est.
$100,577
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Murray (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $81,227 | Actual |
| 2020 | $83,237 | Actual |
| 2021 | $79,391 | Actual |
| 2022 | $85,456 | Actual |
| 2023 | $89,961 | Actual |
| 2024 | $90,204 | Actual |
| 2025 | $97,458 | Actual |
| 2026(current) | $100,577 | Estimated |
| 2027 | $103,795 | Projected |
Based on 7 years of BLS OEWS data for the Murray metropolitan area, the median actuary salary grew 20.0% from $81,227 (2019) to $97,458 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $103,795 by 2027 — a total increase of $22,568 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Murray 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) | $68,481 – $79,943 |
| 3-5 years (Mid Career) | $79,943 – $100,577 |
| 5+ years (Experienced) | $100,577 – $128,738 |
| 10+ years (Top Earner) | $128,738 – $155,894 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Murray
In this local market, the cost of living index stands at 89.3, suggesting that while actuary salaries may be lower than the national average, purchasing power remains favorable for residents. Among the employers in the area, consulting firms like Milliman and Mercer tend to offer the highest compensation, driven by the demand for FSAs and specialization in areas such as predictive analytics. The discrepancy between lower and upper salaries can often be attributed to exam progression, with each passed exam providing a significant increase in pay. Aspiring actuaries in Murray can maximize their earning potential by focusing on completing the ASA-to-FSA transition and targeting lucrative opportunities in consulting firms, where skills in data analytics are increasingly sought after.
More salary data for Murray, KY:
Frequently Asked Questions
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Related Pages
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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 $97,458 for actuariesin the Murray 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 Murray 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