Actuary Salary in Herriman, UT: $129,226 (2026)
Quick Answer:A full-time actuary in Herriman, UT earns a median $129,226/year (≈ $62.13/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Herriman's price level (2% below national, BEA RPP 98.1), that paycheck buys what $131,729 would nationally. Nominal pay sits 1.8% below the Utah state average.
Based on BLS state-level estimates · View source
In Herriman, Utah, the projected median annual salary for actuaries in 2026 is $129,226, slightly below the national median of $134,160. The local salary range spans from $82,047 at the 10th percentile to $200,300 at the 90th percentile, reflecting a diverse market for actuarial talent. These figures are estimates derived from 2025 BLS data adjusted for regional price parities specific to Herriman. The consulting pay gradient here shows a tendency for firms like Milliman and Mercer to offer higher salaries compared to traditional insurers, creating opportunities for career advancement through passing exams and obtaining advanced credentials.
About the Herriman Market
Salary estimated from Utah average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $82,047 | $39.44 |
| Lower Range (P25) | $96,261 | $46.27 |
| Median (P50)(typical) | $129,226 | $62.13 |
| Upper Range (P75) | $165,409 | $79.53 |
| Top Earners (P90) | $200,300 | $96.30 |
Median Salary Position
3.68% below the national average
2026 Salary Percentile Distribution in Herriman
In Herriman, UT, the actuary salary spread from the 10th to 90th percentile is $118,253 (2026 est.). At $129,226, the local median is 3.68% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Herriman: You'd be in the lower-middle range
How Herriman Actuary Pay Compares
Herriman median: $129,226/year (2026)
| Compared To | Median Salary | Herriman Pays |
|---|---|---|
| Utah Average | $131,595 | -1.80% less |
| National Average | $134,160 | -3.68% less |
Actuarys in Herriman, UT earn a median of $129,226 per year (2026 est.), which is 3.68% lower than the national median of $134,160 and 1.80% below the Utah state average of $131,595.
Cost-of-Living Adjusted Salary
Herriman has a cost of living 1.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Herriman, UT has a cost-of-living index of 98.1 (below the national average of 100). A actuary earning $129,226 nominally has purchasing power equivalent to $131,729 in an average-cost city — an effective 1.94% boost.
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2019 BLS Actual
$104,365
2025 BLS Actual
$125,219
2026 Current Est.
$129,226
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Herriman (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $104,365 | Actual |
| 2020 | $106,947 | Actual |
| 2021 | $102,005 | Actual |
| 2022 | $109,798 | Actual |
| 2023 | $115,587 | Actual |
| 2024 | $110,771 | Actual |
| 2025 | $125,219 | Actual |
| 2026(current) | $129,226 | Estimated |
| 2027 | $133,361 | Projected |
Based on 7 years of BLS OEWS data for the Herriman metropolitan area, the median actuary salary grew 20.0% from $104,365 (2019) to $125,219 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $133,361 by 2027 — a total increase of $28,996 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Herriman 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) | $82,047 – $96,261 |
| 3-5 years (Mid Career) | $96,261 – $129,226 |
| 5+ years (Experienced) | $129,226 – $165,409 |
| 10+ years (Top Earner) | $165,409 – $200,300 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Herriman
A closer look at the job market in Herriman reveals a small but stable community of actuaries, with only nine professionals currently employed in the area. The cost-of-living index stands at 98.1, suggesting a more affordable living compared to national averages. Employers across different sectors pay variably, with consulting firms often topping the scale. The differences in pay can be attributed to various factors, including exam progression—each passed exam can yield raises of $3,000 to $8,000. The transition from ASA to FSA can dramatically influence earning potential, especially in specialized fields like property and casualty reinsurance or advanced predictive analytics roles. For those looking to maximize their actuary pay in Herriman, focusing on obtaining advanced credentials, as well as seeking employment with top consulting firms, can lead to improved financial outcomes.
More salary data for Herriman, UT:
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 $125,219 for actuariesin the Herriman 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 Herriman 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