Actuary Salary in Murphy, TX: $119,066 (2026)
Quick Answer:A full-time actuary in Murphy, TX earns a median $119,066/year (≈ $57.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Murphy's price level (4% below national, BEA RPP 96.0), that paycheck buys what $124,027 would nationally. Nominal pay sits 7.6% below the Texas state average.
Based on BLS state-level estimates · View source
For actuaries specializing in life, health, and pension insurance, Murphy, Texas, offers a competitive 2026 median annual salary of $119,066, which is slightly below the national average of $134,160. The salary range reflects a diverse landscape, with numbers reaching as low as $78,735 at the 10th percentile and peaking at $184,553 for the 90th percentile. These figures represent projections based on 2025 BLS data, adjusted for regional economic conditions. Given the focused nature of the local market, actuaries in Murphy should consider the implications of their specialty, as pay scales can vary greatfully between life insurance sectors and consulting firms serving property and casualty (P&C) insurance.
About the Murphy Market
Salary estimated from Texas average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,735 | $37.85 |
| Lower Range (P25) | $92,942 | $44.69 |
| Median (P50)(typical) | $119,066 | $57.25 |
| Upper Range (P75) | $152,405 | $73.27 |
| Top Earners (P90) | $184,553 | $88.73 |
Median Salary Position
11.25% below the national average
2026 Salary Percentile Distribution in Murphy
In Murphy, TX, the actuary salary spread from the 10th to 90th percentile is $105,818 (2026 est.). At $119,066, the local median is 11.25% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Murphy: You'd be in the lower-middle range
How Murphy Actuary Pay Compares
Murphy median: $119,066/year (2026)
| Compared To | Median Salary | Murphy Pays |
|---|---|---|
| Texas Average | $128,859 | -7.60% less |
| National Average | $134,160 | -11.25% less |
Actuarys in Murphy, TX earn a median of $119,066 per year (2026 est.), which is 11.25% lower than the national median of $134,160 and 7.60% below the Texas state average of $128,859.
Cost-of-Living Adjusted Salary
Murphy 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.
Murphy, TX has a cost-of-living index of 96 (below the national average of 100). A actuary earning $119,066 nominally has purchasing power equivalent to $124,027 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$96,160
2025 BLS Actual
$115,374
2026 Current Est.
$119,066
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Murphy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $96,160 | Actual |
| 2020 | $98,538 | Actual |
| 2021 | $93,985 | Actual |
| 2022 | $101,165 | Actual |
| 2023 | $106,499 | Actual |
| 2024 | $113,599 | Actual |
| 2025 | $115,374 | Actual |
| 2026(current) | $119,066 | Estimated |
| 2027 | $122,876 | Projected |
Based on 7 years of BLS OEWS data for the Murphy metropolitan area, the median actuary salary grew 20.0% from $96,160 (2019) to $115,374 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $122,876 by 2027 — a total increase of $26,716 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Murphy 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) | $78,735 – $92,942 |
| 3-5 years (Mid Career) | $92,942 – $119,066 |
| 5+ years (Experienced) | $119,066 – $152,405 |
| 10+ years (Top Earner) | $152,405 – $184,553 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Murphy
The job market for actuaries in Murphy includes around five employed professionals, which points to a niche but stable demand for these roles. With a local cost of living index of 96, actuaries may find that their earnings stretch further than in higher-cost areas. For those keen on maximizing their earnings, targeting positions within life insurance companies like Prudential and MetLife could yield more substantial pay compared to roles in health insurance or pension consulting. As compensation largely hinges on exam progression—the completion of each actuarial exam typically adds between $3,000 to $8,000 to an actuary's annual salary—strategically advancing toward an FSA or FCAS designation may unlock even greater financial rewards.
More salary data for Murphy, 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 $115,374 for actuariesin the Murphy 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 Murphy 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