Actuary Salary in Midland, TX: $128,547 (2026)
Quick Answer:A full-time actuary in Midland, TX earns a median $128,547/year (≈ $61.81/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Midland's price level (4% below national, BEA RPP 96.0), that paycheck buys what $133,903 would nationally. Nominal pay sits 0.2% below the Texas state average.
Based on BLS state-level estimates · View source
In Midland, Texas, the 2026 median annual pay for actuaries stands at $128,547, slightly below the national median of $134,160. Salary ranges in the area span from $78,774 at the 10th percentile to $199,248 for those at the 90th percentile, reflecting varying levels of experience and specialization. These figures, derived from 2025 BLS data and adjusted for regional cost differentials, highlight the competitive compensation available to professionals who choose to work in this city. Midland's job market, though limited with 27 actuaries currently employed, offers intriguing opportunities, especially for those aligning with specific actuarial specialties within the Society of Actuaries (SOA) or Casualty Actuarial Society (CAS).
About the Midland Market
Salary estimated from Texas average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,774 | $37.87 |
| Lower Range (P25) | $97,048 | $46.66 |
| Median (P50)(typical) | $128,547 | $61.81 |
| Upper Range (P75) | $164,540 | $79.10 |
| Top Earners (P90) | $199,248 | $95.79 |
Median Salary Position
4.18% below the national average
2026 Salary Percentile Distribution in Midland
In Midland, TX, the actuary salary spread from the 10th to 90th percentile is $120,474 (2026 est.). At $128,547, the local median is 4.18% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Midland: You'd be in the lower-middle range
How Midland Actuary Pay Compares
Midland median: $128,547/year (2026)
| Compared To | Median Salary | Midland Pays |
|---|---|---|
| Texas Average | $128,805 | -0.20% less |
| National Average | $134,160 | -4.18% less |
Actuarys in Midland, TX earn a median of $128,547 per year (2026 est.), which is 4.18% lower than the national median of $134,160 and 0.20% below the Texas state average of $128,805.
Cost-of-Living Adjusted Salary
Midland 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.
Midland, TX has a cost-of-living index of 96 (below the national average of 100). A actuary earning $128,547 nominally has purchasing power equivalent to $133,903 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$103,817
2025 BLS Actual
$124,561
2026 Current Est.
$128,547
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Midland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $103,817 | Actual |
| 2020 | $106,385 | Actual |
| 2021 | $101,469 | Actual |
| 2022 | $109,221 | Actual |
| 2023 | $114,979 | Actual |
| 2024 | $122,644 | Actual |
| 2025 | $124,561 | Actual |
| 2026(current) | $128,547 | Estimated |
| 2027 | $132,660 | Projected |
Based on 7 years of BLS OEWS data for the Midland metropolitan area, the median actuary salary grew 20.0% from $103,817 (2019) to $124,561 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $132,660 by 2027 — a total increase of $28,843 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Midland 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) | $78,774 – $97,048 |
| 3-5 years (Mid Career) | $97,048 – $128,547 |
| 5+ years (Experienced) | $128,547 – $164,540 |
| 10+ years (Top Earner) | $164,540 – $199,248 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Midland
The local job market for actuaries in Midland is underscored by a relatively moderate cost of living, with a cost of living index pegged at 96, which can enhance take-home purchasing power. High-paying employers in the area include major life and health insurance firms like Prudential and UnitedHealth, while positions in consulting firms often lead to more lucrative salaries for credentialed professionals. The variance in compensation stems largely from exam progression, where each passed exam can mean significant salary increases, and typical movements in credential levels—from Assistant to Fellow status—can open up higher-paying roles. To maximize pay in this Midland market, aspiring actuaries should focus on passing exams relevant to their specialty, actively seek opportunities to work with leading firms, and consider obtaining additional credentials that offer competitive advantages in negotiations.
More salary data for Midland, 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 $124,561 for actuariesin the Midland 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 Midland 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