Actuary Salary in Franklin, WI: $120,462 (2026)
Quick Answer:A full-time actuary in Franklin, WI earns a median $120,462/year (≈ $57.92/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Franklin's price level (7% below national, BEA RPP 93.4), that paycheck buys what $128,974 would nationally. Nominal pay sits 3.9% below the Wisconsin state average.
Based on BLS state-level estimates · View source
Actuaries in Franklin, WI, can expect a projected median annual salary of $120,462 in 2026, which reflects a competitive figure when compared to the national median of $134,160. The local salary range stretches from $78,705 at the 10th percentile to an impressive $186,717 at the 90th percentile, showcasing a pronounced pay gradient based on experience, exams passed, and credential level. As employers in consulting firms such as Milliman and Mercer tend to offer higher salaries relative to life and health insurers, the Franklin job market demonstrates distinct earnings based on the sector. Local estimates derived from 2025 BLS data and applied cost adjustments provide valuable insight into how the salary landscape shapes up, particularly with actuaries finding themselves in a range of specializations and roles that can efficiently leverage their backgrounds.
About the Franklin Market
Salary estimated from Wisconsin average ($122,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,705 | $37.84 |
| Lower Range (P25) | $91,004 | $43.76 |
| Median (P50)(typical) | $120,462 | $57.92 |
| Upper Range (P75) | $154,192 | $74.13 |
| Top Earners (P90) | $186,717 | $89.76 |
Median Salary Position
10.21% below the national average
2026 Salary Percentile Distribution in Franklin
In Franklin, WI, the actuary salary spread from the 10th to 90th percentile is $108,012 (2026 est.). At $120,462, the local median is 10.21% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Franklin: You'd be in the lower-middle range
How Franklin Actuary Pay Compares
Franklin median: $120,462/year (2026)
| Compared To | Median Salary | Franklin Pays |
|---|---|---|
| Wisconsin Average | $125,351 | -3.90% less |
| National Average | $134,160 | -10.21% less |
Actuarys in Franklin, WI earn a median of $120,462 per year (2026 est.), which is 10.21% lower than the national median of $134,160 and 3.90% below the Wisconsin state average of $125,351.
Cost-of-Living Adjusted Salary
Franklin has a cost of living 6.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Franklin, WI has a cost-of-living index of 93.4 (below the national average of 100). A actuary earning $120,462 nominally has purchasing power equivalent to $128,974 in an average-cost city — an effective 7.07% boost.
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2019 BLS Actual
$97,287
2025 BLS Actual
$116,727
2026 Current Est.
$120,462
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $97,287 | Actual |
| 2020 | $99,694 | Actual |
| 2021 | $95,088 | Actual |
| 2022 | $102,352 | Actual |
| 2023 | $107,748 | Actual |
| 2024 | $109,544 | Actual |
| 2025 | $116,727 | Actual |
| 2026(current) | $120,462 | Estimated |
| 2027 | $124,317 | Projected |
Based on 7 years of BLS OEWS data for the Franklin metropolitan area, the median actuary salary grew 20.0% from $97,287 (2019) to $116,727 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $124,317 by 2027 — a total increase of $27,030 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin 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) | $78,705 – $91,004 |
| 3-5 years (Mid Career) | $91,004 – $120,462 |
| 5+ years (Experienced) | $120,462 – $154,192 |
| 10+ years (Top Earner) | $154,192 – $186,717 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Franklin
In terms of the job market in Franklin, currently, there are only 8 actuaries employed, which signals a relatively tight labor pool. With a cost-of-living index at 93.4, this allows for increased purchasing power for actuaries compared to many other jurisdictions. Among local employers, firms specializing in property and casualty insurance like State Farm and Progressive, along with consulting outfits (WWM, Aon), offer competitive compensation. Key factors influencing the wide salary variance include credential attainment—where each exam passed typically adds $3,000 to $8,000 to base pay—and specialization. Actuaries focusing on property and casualty roles often earn more than those in life or health sectors. To maximize pay in Franklin's market, aspiring actuaries should prioritize exam completion, actively seek targeted internship experiences within consulting firms, and enhance skills in predictive analytics to position themselves favorably against their peers.
More salary data for Franklin, WI:
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 $116,727 for actuariesin the Franklin 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 Franklin 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