Actuary Salary in Lubbock, TX: $130,700 (2026)
Quick Answer:A full-time actuary in Lubbock, TX earns a median $130,700/year (≈ $62.84/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Lubbock's price level (4% below national, BEA RPP 96.0), that paycheck buys what $136,146 would nationally. Nominal pay sits 1.5% above the Texas state average.
Based on BLS state-level estimates · View source
Actuaries in Lubbock, Texas can expect a median annual salary of $130,700 in 2026, which is slightly below the national median of $134,160. Local salaries for this profession range from $77,725 at the 10th percentile to $202,585 at the 90th percentile. These figures, derived from the Bureau of Labor Statistics state-level data and adjusted for regional costs, reflect the unique economic context of Lubbock. While consulting firms such as Milliman and Mercer typically offer higher compensation compared to traditional insurance companies, local market dynamics show that specialized expertise and credentialed experience can heavily influence pay for actuaries at various stages of their careers.
About the Lubbock Market
Salary estimated from Texas average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $77,725 | $37.37 |
| Lower Range (P25) | $96,801 | $46.54 |
| Median (P50)(typical) | $130,700 | $62.84 |
| Upper Range (P75) | $167,295 | $80.43 |
| Top Earners (P90) | $202,585 | $97.40 |
Median Salary Position
2.58% below the national average
2026 Salary Percentile Distribution in Lubbock
In Lubbock, TX, the actuary salary spread from the 10th to 90th percentile is $124,860 (2026 est.). At $130,700, the local median is 2.58% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Lubbock: You'd be in the lower-middle range
How Lubbock Actuary Pay Compares
Lubbock median: $130,700/year (2026)
| Compared To | Median Salary | Lubbock Pays |
|---|---|---|
| Texas Average | $128,768 | +1.50% more |
| National Average | $134,160 | -2.58% less |
Actuarys in Lubbock, TX earn a median of $130,700 per year (2026 est.), which is 2.58% lower than the national median of $134,160 and 1.50% above the Texas state average of $128,768.
Cost-of-Living Adjusted Salary
Lubbock has a cost of living 4.00% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lubbock, TX has a cost-of-living index of 96 (below the national average of 100). A actuary earning $130,700 nominally has purchasing power equivalent to $136,146 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$105,555
2025 BLS Actual
$126,647
2026 Current Est.
$130,700
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Lubbock (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $105,555 | Actual |
| 2020 | $108,166 | Actual |
| 2021 | $103,169 | Actual |
| 2022 | $111,050 | Actual |
| 2023 | $116,905 | Actual |
| 2024 | $124,698 | Actual |
| 2025 | $126,647 | Actual |
| 2026(current) | $130,700 | Estimated |
| 2027 | $134,882 | Projected |
Based on 7 years of BLS OEWS data for the Lubbock metropolitan area, the median actuary salary grew 20.0% from $105,555 (2019) to $126,647 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $134,882 by 2027 — a total increase of $29,327 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lubbock 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) | $77,725 – $96,801 |
| 3-5 years (Mid Career) | $96,801 – $130,700 |
| 5+ years (Experienced) | $130,700 – $167,295 |
| 10+ years (Top Earner) | $167,295 – $202,585 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Lubbock
Currently, Lubbock employs about 39 actuaries, a relatively small but stable job market. The local cost-of-living index stands at 96, indicating a lower-than-average economic climate that can enhance the purchasing power of salaries in this area. Life and health insurance companies, along with consulting firms, are among the top paying employers in Lubbock. Factors driving the salary variance include credential levels—those with Fellowship (FSA/FCAS) versus Associate status (ASA/ACAS) often see significant pay increases—along with specialty areas, such as property and casualty reinsurance which tends to command higher rates. Aspiring actuaries can maximize their earning potential in Lubbock by focusing on exam progress, particularly by passing exams and obtaining advanced credentials, as each milestone typically translates into a salary increase of $3,000 to $8,000.
More salary data for Lubbock, TX:
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 $126,647 for actuariesin the Lubbock 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 Lubbock 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