Actuary Salary in South Milwaukee, WI: $119,045 (2026)
Quick Answer:A full-time actuary in South Milwaukee, WI earns a median $119,045/year (≈ $57.23/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in South Milwaukee's price level (7% below national, BEA RPP 93.4), that paycheck buys what $127,457 would nationally. Nominal pay sits 5.0% below the Wisconsin state average.
Based on BLS state-level estimates · View source
In 2026, the estimated median annual salary for actuaries in South Milwaukee, Wisconsin, stands at $119,045, reflecting a competitive market but still trailing the national average of $134,160 by 11.27%. The local salary spectrum is broad, ranging from $74,102 at the 10th percentile to $184,521 at the 90th percentile, indicating considerable earning potential for those who achieve higher credentials and specialization within the field. These figures derive from state-level data and regional price adjustments, offering a practical view of the compensation landscape. Actuaries in South Milwaukee often find themselves in a market shaped by the dichotomy of consulting firms such as Milliman and WTW, which typically offer higher pay than traditional insurers, impacting the decision-making of professionals at the Fellow level.
About the South Milwaukee Market
Salary estimated from Wisconsin average ($122,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $74,102 | $35.62 |
| Lower Range (P25) | $89,566 | $43.07 |
| Median (P50)(typical) | $119,045 | $57.23 |
| Upper Range (P75) | $148,423 | $71.35 |
| Top Earners (P90) | $184,521 | $88.71 |
Median Salary Position
11.27% below the national average
2026 Salary Percentile Distribution in South Milwaukee
In South Milwaukee, WI, the actuary salary spread from the 10th to 90th percentile is $110,419 (2026 est.). At $119,045, the local median is 11.27% below the national median of $134,160.
Salary Calculator
At 40 hours/week in South Milwaukee: You'd be in the lower-middle range
How South Milwaukee Actuary Pay Compares
South Milwaukee median: $119,045/year (2026)
| Compared To | Median Salary | South Milwaukee Pays |
|---|---|---|
| Wisconsin Average | $125,311 | -5.00% less |
| National Average | $134,160 | -11.27% less |
Actuarys in South Milwaukee, WI earn a median of $119,045 per year (2026 est.), which is 11.27% lower than the national median of $134,160 and 5.00% below the Wisconsin state average of $125,311.
Cost-of-Living Adjusted Salary
South Milwaukee 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.
South Milwaukee, WI has a cost-of-living index of 93.4 (below the national average of 100). A actuary earning $119,045 nominally has purchasing power equivalent to $127,457 in an average-cost city — an effective 7.07% boost.
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2019 BLS Actual
$96,143
2025 BLS Actual
$115,354
2026 Current Est.
$119,045
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in South Milwaukee (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $96,143 | Actual |
| 2020 | $98,521 | Actual |
| 2021 | $93,969 | Actual |
| 2022 | $101,148 | Actual |
| 2023 | $106,481 | Actual |
| 2024 | $108,255 | Actual |
| 2025 | $115,354 | Actual |
| 2026(current) | $119,045 | Estimated |
| 2027 | $122,855 | Projected |
Based on 7 years of BLS OEWS data for the South Milwaukee metropolitan area, the median actuary salary grew 20.0% from $96,143 (2019) to $115,354 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $122,855 by 2027 — a total increase of $26,712 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the South Milwaukee 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) | $74,102 – $89,566 |
| 3-5 years (Mid Career) | $89,566 – $119,045 |
| 5+ years (Experienced) | $119,045 – $148,423 |
| 10+ years (Top Earner) | $148,423 – $184,521 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in South Milwaukee
With only six actuaries currently employed locally, the South Milwaukee job market shows moderate activity for this profession. The cost of living index sits at 93.4, suggesting that while salaries may be lower than national averages, the purchasing power is relatively favorable. Major employers in the region include life insurance giants like Prudential and MetLife, alongside consulting firms like Mercer and Aon, both of which tend to offer higher pay scales compared to insurers. The disparity in actuary pay often arises from the exam progression system; each exam passed can contribute an increase of $3,000-$8,000 to the base salary. To maximize earnings in the South Milwaukee market, aspiring actuaries should focus on developing skills in predictive analytics and consider pursuing fellowship status, as these credentials can significantly enhance career prospects and salary potential.
More salary data for South Milwaukee, 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 $115,354 for actuariesin the South Milwaukee 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 South Milwaukee 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