Actuary Salary in North Olmsted, OH: $119,095 (2026)
Quick Answer:A full-time actuary in North Olmsted, OH earns a median $119,095/year (≈ $57.26/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in North Olmsted's price level (9% below national, BEA RPP 90.7), that paycheck buys what $131,307 would nationally. Nominal pay sits 2.1% below the Ohio state average.
Based on BLS state-level estimates · View source
Actuaries in North Olmsted, Ohio earn a median annual salary of $119,095, which reflects a notable trend in compensation that is approximately 11.23% below the national median of $134,160 for the year 2026. The salary range for this occupation can vary significantly, with entry-level positions making around $71,510 (P10), while more experienced actuaries can earn as much as $184,597 (P90). These numbers are derived from 2025 BLS data, projected to 2026, and adjusted for regional cost of living factors. The relative cost of living in North Olmsted, indicated by a cost of living index of 90.7, positions the market favorably for actuaries, suggesting that compensation is somewhat competitive given local economic conditions.
About the North Olmsted Market
Salary estimated from Ohio average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,510 | $34.38 |
| Lower Range (P25) | $87,963 | $42.29 |
| Median (P50)(typical) | $119,095 | $57.26 |
| Upper Range (P75) | $150,600 | $72.41 |
| Top Earners (P90) | $184,597 | $88.75 |
Median Salary Position
11.23% below the national average
2026 Salary Percentile Distribution in North Olmsted
In North Olmsted, OH, the actuary salary spread from the 10th to 90th percentile is $113,087 (2026 est.). At $119,095, the local median is 11.23% below the national median of $134,160.
Salary Calculator
At 40 hours/week in North Olmsted: You'd be in the lower-middle range
How North Olmsted Actuary Pay Compares
North Olmsted median: $119,095/year (2026)
| Compared To | Median Salary | North Olmsted Pays |
|---|---|---|
| Ohio Average | $121,650 | -2.10% less |
| National Average | $134,160 | -11.23% less |
Actuarys in North Olmsted, OH earn a median of $119,095 per year (2026 est.), which is 11.23% lower than the national median of $134,160 and 2.10% below the Ohio state average of $121,650.
Cost-of-Living Adjusted Salary
North Olmsted 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.
North Olmsted, OH has a cost-of-living index of 90.7 (below the national average of 100). A actuary earning $119,095 nominally has purchasing power equivalent to $131,307 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$96,183
2025 BLS Actual
$115,402
2026 Current Est.
$119,095
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in North Olmsted (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $96,183 | Actual |
| 2020 | $98,562 | Actual |
| 2021 | $94,008 | Actual |
| 2022 | $101,190 | Actual |
| 2023 | $106,525 | Actual |
| 2024 | $106,525 | Actual |
| 2025 | $115,402 | Actual |
| 2026(current) | $119,095 | Estimated |
| 2027 | $122,906 | Projected |
Based on 7 years of BLS OEWS data for the North Olmsted metropolitan area, the median actuary salary grew 20.0% from $96,183 (2019) to $115,402 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $122,906 by 2027 — a total increase of $26,723 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the North Olmsted 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) | $71,510 – $87,963 |
| 3-5 years (Mid Career) | $87,963 – $119,095 |
| 5+ years (Experienced) | $119,095 – $150,600 |
| 10+ years (Top Earner) | $150,600 – $184,597 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in North Olmsted
In this area, only eight actuaries are currently employed, reflecting a specialized job market. With a cost of living index below the national average, it's essential for professionals to maximize their pay potential. Actuarial employers in North Olmsted generally include major players in life insurance, health insurance, and consulting, such as Prudential, UnitedHealth, and Mercer. The disparity in compensation arises largely from the progression associated with passing actuarial exams, where each completed exam can lead to a pay increase of $3,000 to $8,000. To enhance earning potential, candidates should focus on obtaining their Fellowship, particularly in areas like property and casualty or high-demand consulting roles, which often provide compensation packages that include signing bonuses and benefits for completed credentials. Understanding the local employment landscape can help navigate opportunities effectively as they pursue advanced qualifications.
More salary data for North Olmsted, 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 $115,402 for actuariesin the North Olmsted 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 North Olmsted 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