Actuary Salary in Canton, OH: $123,189 (2026)
Quick Answer:A full-time actuary in Canton, OH earns a median $123,189/year (≈ $59.23/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Canton's price level (9% below national, BEA RPP 90.7), that paycheck buys what $135,820 would nationally. Nominal pay sits 1.2% above the Ohio state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Canton, Ohio are projected to earn a median annual salary of $123,189. This figure reflects local estimates based on 2025 BLS data, adjusted for regional costs. The salary range for actuaries in this market spans from $73,925 at the 10th percentile to $190,943 at the 90th percentile. This pay scale illustrates the opportunities for significant income variation, depending largely on experience, specialty, and credentials. While working within the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS) can lead to different pay scales, the local job market reveals a steady demand for actuarial talents, driven by diverse sectors such as insurance, consulting, and pension management.
About the Canton Market
Salary estimated from Ohio average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $73,925 | $35.54 |
| Lower Range (P25) | $91,622 | $44.05 |
| Median (P50)(typical) | $123,189 | $59.23 |
| Upper Range (P75) | $157,681 | $75.81 |
| Top Earners (P90) | $190,943 | $91.80 |
Median Salary Position
8.18% below the national average
2026 Salary Percentile Distribution in Canton
In Canton, OH, the actuary salary spread from the 10th to 90th percentile is $117,018 (2026 est.). At $123,189, the local median is 8.18% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Canton: You'd be in the lower-middle range
How Canton Actuary Pay Compares
Canton median: $123,189/year (2026)
| Compared To | Median Salary | Canton Pays |
|---|---|---|
| Ohio Average | $121,728 | +1.20% more |
| National Average | $134,160 | -8.18% less |
Actuarys in Canton, OH earn a median of $123,189 per year (2026 est.), which is 8.18% lower than the national median of $134,160 and 1.20% above the Ohio state average of $121,728.
Cost-of-Living Adjusted Salary
Canton has a cost of living 9.30% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Canton, OH has a cost-of-living index of 90.7 (below the national average of 100). A actuary earning $123,189 nominally has purchasing power equivalent to $135,820 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$99,489
2025 BLS Actual
$119,369
2026 Current Est.
$123,189
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Canton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,489 | Actual |
| 2020 | $101,950 | Actual |
| 2021 | $97,240 | Actual |
| 2022 | $104,668 | Actual |
| 2023 | $110,187 | Actual |
| 2024 | $110,187 | Actual |
| 2025 | $119,369 | Actual |
| 2026(current) | $123,189 | Estimated |
| 2027 | $127,131 | Projected |
Based on 7 years of BLS OEWS data for the Canton metropolitan area, the median actuary salary grew 20.0% from $99,489 (2019) to $119,369 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $127,131 by 2027 — a total increase of $27,642 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Canton 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) | $73,925 – $91,622 |
| 3-5 years (Mid Career) | $91,622 – $123,189 |
| 5+ years (Experienced) | $123,189 – $157,681 |
| 10+ years (Top Earner) | $157,681 – $190,943 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Canton
Currently, there are 17 actuaries employed in Canton, providing insight into the local market's dynamics. The cost of living index in Canton stands at 90.7, which indicates an affordable environment for residents, potentially enhancing their financial well-being. Among the prominent employers in the area, life and health insurance companies like Prudential and MetLife typically offer competitive salaries, especially to those with advanced credentials such as FSA or FCAS. The spread between low and high actuary salaries often arises from various factors, including exam progression—where each passed exam correlates to pay increases. Additionally, actuaries who specialize in property and casualty reinsurance or consulting can command higher wages than those focused on life and health insurance. For aspiring actuaries in Canton, pursuing credential completion and associated benefits like signing bonuses or study time packages can significantly maximize earning potential in this competitive market.
More salary data for Canton, OH:
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 $119,369 for actuariesin the Canton 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 Canton 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