Actuary Salary in Odessa, TX: $127,391 (2026)
Quick Answer:A full-time actuary in Odessa, TX earns a median $127,391/year (≈ $61.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Odessa's price level (4% below national, BEA RPP 96.0), that paycheck buys what $132,699 would nationally. Nominal pay sits 1.1% below the Texas state average.
Based on BLS state-level estimates · View source
In 2026, the projected actuary salary in Odessa, TX, stands at $127,391, reflecting a competitive pay structure particularly compared to the national median of $134,160 for that year. The salary range for actuaries in this region offers diverse earning potential, from $76,802 at the 10th percentile to an impressive $197,457 at the 90th percentile. These figures, derived from BLS state-level data and regional price adjustments, indicate a solid market for actuarial professionals, though they slightly lag behind national trends. Notably, the pay gradient is often more favorable for actuaries within consulting firms such as Milliman and Mercer compared to those employed by traditional insurance companies. This environment suggests a promising landscape for professionals navigating their career paths in Odessa.
About the Odessa Market
Salary estimated from Texas average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,802 | $36.92 |
| Lower Range (P25) | $94,832 | $45.59 |
| Median (P50)(typical) | $127,391 | $61.25 |
| Upper Range (P75) | $163,060 | $78.39 |
| Top Earners (P90) | $197,457 | $94.93 |
Median Salary Position
5.05% below the national average
2026 Salary Percentile Distribution in Odessa
In Odessa, TX, the actuary salary spread from the 10th to 90th percentile is $120,655 (2026 est.). At $127,391, the local median is 5.05% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Odessa: You'd be in the lower-middle range
How Odessa Actuary Pay Compares
Odessa median: $127,391/year (2026)
| Compared To | Median Salary | Odessa Pays |
|---|---|---|
| Texas Average | $128,808 | -1.10% less |
| National Average | $134,160 | -5.05% less |
Actuarys in Odessa, TX earn a median of $127,391 per year (2026 est.), which is 5.05% lower than the national median of $134,160 and 1.10% below the Texas state average of $128,808.
Cost-of-Living Adjusted Salary
Odessa 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.
Odessa, TX has a cost-of-living index of 96 (below the national average of 100). A actuary earning $127,391 nominally has purchasing power equivalent to $132,699 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$102,883
2025 BLS Actual
$123,441
2026 Current Est.
$127,391
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Odessa (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,883 | Actual |
| 2020 | $105,428 | Actual |
| 2021 | $100,557 | Actual |
| 2022 | $108,239 | Actual |
| 2023 | $113,946 | Actual |
| 2024 | $121,542 | Actual |
| 2025 | $123,441 | Actual |
| 2026(current) | $127,391 | Estimated |
| 2027 | $131,468 | Projected |
Based on 7 years of BLS OEWS data for the Odessa metropolitan area, the median actuary salary grew 20.0% from $102,883 (2019) to $123,441 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,468 by 2027 — a total increase of $28,585 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Odessa 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) | $76,802 – $94,832 |
| 3-5 years (Mid Career) | $94,832 – $127,391 |
| 5+ years (Experienced) | $127,391 – $163,060 |
| 10+ years (Top Earner) | $163,060 – $197,457 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Odessa
The job market for actuaries in Odessa remains relatively strong, with 17 actuaries currently employed in the area. The lower cost of living index of 96, which is below the national average, offers a more favorable environment for take-home pay. Among the various employers in Odessa, consulting firms tend to provide the highest salaries, especially for professionals who achieve FSA or FCAS credentials, compared to those working in life or health insurance sectors. The differences in compensation are often driven by exam progression—each passed exam can result in an increase of $3,000 to $8,000 in base salary—as well as specialization within areas like property and casualty reinsurance, which generally offers higher compensation than other fields. To maximize their earning potential, aspiring actuaries in Odessa should focus on gaining additional credentials and skills, particularly in analytics and data science, while also targeting positions at consulting firms, where pay scales are typically more advantageous.
More salary data for Odessa, 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 $123,441 for actuariesin the Odessa 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 Odessa 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