Actuary Salary in Owensboro, KY: $108,414 (2026)
Quick Answer:A full-time actuary in Owensboro, KY earns a median $108,414/year (≈ $52.13/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Owensboro's price level (11% below national, BEA RPP 89.3), that paycheck buys what $121,404 would nationally. Nominal pay sits 0.8% above the Kentucky state average.
Based on BLS state-level estimates · View source
In Owensboro, Kentucky, actuaries can expect a median annual salary of $108,414 in 2026, which is notably lower than the national median of $134,160. The salary ranges significantly within the local market, spanning from $64,767 at the 10th percentile to $168,042 at the 90th percentile. These figures, drawn from projections based on 2025 BLS data and adjusted for regional cost variations, highlight a competitive landscape, particularly for those working in consulting firms like Milliman, Mercer, and WTW compared to traditional insurance carriers. As Owensboro gradually develops its actuarial job market, with various firms navigating a growing demand for skilled professionals, the compensation levels reflect a combination of local economic conditions and the market's maturity.
About the Owensboro Market
Salary estimated from Kentucky average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $64,767 | $31.14 |
| Lower Range (P25) | $80,081 | $38.50 |
| Median (P50)(typical) | $108,414 | $52.13 |
| Upper Range (P75) | $138,770 | $66.72 |
| Top Earners (P90) | $168,042 | $80.78 |
Median Salary Position
19.19% below the national average
2026 Salary Percentile Distribution in Owensboro
In Owensboro, KY, the actuary salary spread from the 10th to 90th percentile is $103,275 (2026 est.). At $108,414, the local median is 19.19% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Owensboro: You'd be in the lower-middle range
How Owensboro Actuary Pay Compares
Owensboro median: $108,414/year (2026)
| Compared To | Median Salary | Owensboro Pays |
|---|---|---|
| Kentucky Average | $107,553 | +0.80% more |
| National Average | $134,160 | -19.19% less |
Actuarys in Owensboro, KY earn a median of $108,414 per year (2026 est.), which is 19.19% lower than the national median of $134,160 and 0.80% above the Kentucky state average of $107,553.
Cost-of-Living Adjusted Salary
Owensboro 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.
Owensboro, KY has a cost-of-living index of 89.3 (below the national average of 100). A actuary earning $108,414 nominally has purchasing power equivalent to $121,404 in an average-cost city — an effective 11.98% boost.
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2019 BLS Actual
$87,557
2025 BLS Actual
$105,052
2026 Current Est.
$108,414
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Owensboro (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $87,557 | Actual |
| 2020 | $89,722 | Actual |
| 2021 | $85,577 | Actual |
| 2022 | $92,114 | Actual |
| 2023 | $96,971 | Actual |
| 2024 | $97,233 | Actual |
| 2025 | $105,052 | Actual |
| 2026(current) | $108,414 | Estimated |
| 2027 | $111,883 | Projected |
Based on 7 years of BLS OEWS data for the Owensboro metropolitan area, the median actuary salary grew 20.0% from $87,557 (2019) to $105,052 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $111,883 by 2027 — a total increase of $24,326 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Owensboro 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) | $64,767 – $80,081 |
| 3-5 years (Mid Career) | $80,081 – $108,414 |
| 5+ years (Experienced) | $108,414 – $138,770 |
| 10+ years (Top Earner) | $138,770 – $168,042 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Owensboro
Currently, 14 actuaries are employed within Owensboro, adding a sense of community to the profession in the area. The cost of living index at 89.3 indicates that living expenses are below the national average, which enhances the purchasing power of local salaries. Within the city, life insurance companies like Prudential and MetLife often offer attractive pay packages, while consulting firms typically provide higher starting salaries due to their demand for credentialed actuarial talent. Understanding the pay gradient driven by exam progression is vital; as each examination is passed, professionals can see their salaries increase significantly. For those looking to maximize their compensation, pursuing credentials such as FSA or FCAS, focusing on high-demand specializations (e.g., property and casualty reinsurance), and capitalizing on study time benefits can be prudent strategies in Owensboro’s evolving actuarial market.
More salary data for Owensboro, 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 $105,052 for actuariesin the Owensboro 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 Owensboro 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