Actuary Salary in Shaker Heights, OH: $117,331 (2026)
Quick Answer:A full-time actuary in Shaker Heights, OH earns a median $117,331/year (≈ $56.41/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Shaker Heights's price level (9% below national, BEA RPP 90.7), that paycheck buys what $129,362 would nationally. Nominal pay sits 3.6% below the Ohio state average.
Based on BLS state-level estimates · View source
In 2026, actuary salaries in Shaker Heights, Ohio, are projected to reach a median annual figure of $117,331, positioning the city notably below the national median of $134,160. The local salary range illustrates this disparity, with earnings extending from $77,114 at the P10 level to $181,863 at the P90 level. The figures, derived from 2025 BLS data adjusted for regional cost of living, indicate that while the compensation for actuaries here is competitive, it is influenced by the local market dynamics. Notably, actuaries in consulting roles at firms like Milliman or Mercer may draw higher salaries compared to their counterparts focused on insurance roles. This distinction highlights the importance of industry type on overall compensation, creating a nuanced job market for professionals in the field.
About the Shaker Heights Market
Salary estimated from Ohio average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $77,114 | $37.07 |
| Lower Range (P25) | $91,678 | $44.08 |
| Median (P50)(typical) | $117,331 | $56.41 |
| Upper Range (P75) | $148,902 | $71.59 |
| Top Earners (P90) | $181,863 | $87.43 |
Median Salary Position
12.54% below the national average
2026 Salary Percentile Distribution in Shaker Heights
In Shaker Heights, OH, the actuary salary spread from the 10th to 90th percentile is $104,749 (2026 est.). At $117,331, the local median is 12.54% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Shaker Heights: You'd be in the lower-middle range
How Shaker Heights Actuary Pay Compares
Shaker Heights median: $117,331/year (2026)
| Compared To | Median Salary | Shaker Heights Pays |
|---|---|---|
| Ohio Average | $121,713 | -3.60% less |
| National Average | $134,160 | -12.54% less |
Actuarys in Shaker Heights, OH earn a median of $117,331 per year (2026 est.), which is 12.54% lower than the national median of $134,160 and 3.60% below the Ohio state average of $121,713.
Cost-of-Living Adjusted Salary
Shaker Heights 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.
Shaker Heights, OH has a cost-of-living index of 90.7 (below the national average of 100). A actuary earning $117,331 nominally has purchasing power equivalent to $129,362 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$94,759
2025 BLS Actual
$113,693
2026 Current Est.
$117,331
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Shaker Heights (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $94,759 | Actual |
| 2020 | $97,103 | Actual |
| 2021 | $92,616 | Actual |
| 2022 | $99,691 | Actual |
| 2023 | $104,947 | Actual |
| 2024 | $104,948 | Actual |
| 2025 | $113,693 | Actual |
| 2026(current) | $117,331 | Estimated |
| 2027 | $121,086 | Projected |
Based on 7 years of BLS OEWS data for the Shaker Heights metropolitan area, the median actuary salary grew 20.0% from $94,759 (2019) to $113,693 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $121,086 by 2027 — a total increase of $26,327 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shaker Heights 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) | $77,114 – $91,678 |
| 3-5 years (Mid Career) | $91,678 – $117,331 |
| 5+ years (Experienced) | $117,331 – $148,902 |
| 10+ years (Top Earner) | $148,902 – $181,863 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Shaker Heights
As of now, just seven actuaries are employed in the Shaker Heights area, reflecting a relatively small but specialized local workforce. The cost of living index for Shaker Heights, sitting at 90.7, suggests a favorable environment for residents, as expenditures may be lower compared to national averages. Top-paying employers include major firms across various sectors: life insurers such as Prudential and MetLife, health insurers like UnitedHealth, and consulting giants like Aon. The pay gradient in the area often arises from exam progression—compensation increases occur incrementally with each passed exam. For aspiring actuaries, focusing on obtaining credentials such as ASA or FSA could unlock significantly higher earnings, particularly in consulting roles. Continuous education and specialization are essential strategies to optimize earning potential in this market.
More salary data for Shaker Heights, 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 $113,693 for actuariesin the Shaker Heights 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 Shaker Heights 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