Actuary Salary in Westlake, OH: $120,653 (2026)
Quick Answer:A full-time actuary in Westlake, OH earns a median $120,653/year (≈ $58.01/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Westlake's price level (9% below national, BEA RPP 90.7), that paycheck buys what $133,024 would nationally. Nominal pay sits 0.8% below the Ohio state average.
Based on BLS state-level estimates · View source
As of 2026, the actuarial profession in Westlake, OH, offers a median annual salary of $120,653. This figure represents a noteworthy deviation from the national median of $134,160, reflecting the local market dynamics and cost of living adjustments. Within Westlake, the salary range for actuaries spans from $75,073 at the 10th percentile to $187,013 at the 90th percentile, underscoring the variability in compensation based on experience, specialty, and qualifications. Notably, actuaries in this area may choose between life, health, and pension roles primarily aligned with the Society of Actuaries (SOA) or property and casualty roles associated with the Casualty Actuarial Society (CAS), each offering distinct salary potentials influenced by market demand.
About the Westlake Market
Salary estimated from Ohio average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,073 | $36.09 |
| Lower Range (P25) | $91,054 | $43.78 |
| Median (P50)(typical) | $120,653 | $58.01 |
| Upper Range (P75) | $154,436 | $74.25 |
| Top Earners (P90) | $187,013 | $89.91 |
Median Salary Position
10.07% below the national average
2026 Salary Percentile Distribution in Westlake
In Westlake, OH, the actuary salary spread from the 10th to 90th percentile is $111,940 (2026 est.). At $120,653, the local median is 10.07% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Westlake: You'd be in the lower-middle range
How Westlake Actuary Pay Compares
Westlake median: $120,653/year (2026)
| Compared To | Median Salary | Westlake Pays |
|---|---|---|
| Ohio Average | $121,626 | -0.80% less |
| National Average | $134,160 | -10.07% less |
Actuarys in Westlake, OH earn a median of $120,653 per year (2026 est.), which is 10.07% lower than the national median of $134,160 and 0.80% below the Ohio state average of $121,626.
Cost-of-Living Adjusted Salary
Westlake 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.
Westlake, OH has a cost-of-living index of 90.7 (below the national average of 100). A actuary earning $120,653 nominally has purchasing power equivalent to $133,024 in an average-cost city — an effective 10.25% boost.
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2019 BLS Actual
$97,442
2025 BLS Actual
$116,912
2026 Current Est.
$120,653
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Westlake (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $97,442 | Actual |
| 2020 | $99,852 | Actual |
| 2021 | $95,238 | Actual |
| 2022 | $102,514 | Actual |
| 2023 | $107,919 | Actual |
| 2024 | $107,919 | Actual |
| 2025 | $116,912 | Actual |
| 2026(current) | $120,653 | Estimated |
| 2027 | $124,514 | Projected |
Based on 7 years of BLS OEWS data for the Westlake metropolitan area, the median actuary salary grew 20.0% from $97,442 (2019) to $116,912 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $124,514 by 2027 — a total increase of $27,072 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Westlake 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) | $75,073 – $91,054 |
| 3-5 years (Mid Career) | $91,054 – $120,653 |
| 5+ years (Experienced) | $120,653 – $154,436 |
| 10+ years (Top Earner) | $154,436 – $187,013 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Westlake
Focusing on the local job market, Westlake employs five actuaries, indicating a modest yet stable presence within this profession. The cost of living index in Westlake stands at 90.7, which suggests that while salaries may be slightly lower than the national average, the relative affordability of the area enhances purchasing power for local actuaries. Insurance companies such as Prudential, MetLife, and State Farm often represent the most lucrative employment opportunities, particularly for those with advanced credentials. With the significant pay disparity driven by exam progression, each passed exam can yield salary increases of $3,000 to $8,000. Therefore, actuaries in Westlake are advised to focus on gaining additional qualifications, such as moving from ASA to FSA or obtaining specialized credentials in high-demand areas like predictive analytics, to maximize their compensation potential effectively.
More salary data for Westlake, 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 $116,912 for actuariesin the Westlake 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 Westlake 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