Senior Actuary Salary in Quincy, IL: $195,946 (2026)
Quick Answer:The top tier of actuaries working in Quincy, IL — those at or above the 90th percentile — pull in $195,946/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 15-2011. Strip back Quincy's price premium (BEA RPP 97.1, 3% below national) and that top-decile pay carries the same buying power as $201,798 in average-cost America. The 55% spread above city median typically rewards 7+ years of practice or specialty credentials.
Based on BLS state-level estimates · View source
A favorable outlook for senior actuaries in Quincy, IL is reflected in the 2026 projections, highlighting the potential for top earners to achieve annual salaries reaching $195,946, with a median compensation of $126,417. The significant distance between these figures underscores the experience premium available to seasoned professionals in this sector. Achieving such high levels of pay, particularly at the P90 threshold, requires strategic career moves, including specialization in high-demand areas, leadership roles, and continuous professional development. For those positioned as top-tier earners, the right combination of skills, advanced certifications, and practical experience will be essential to tap into this lucrative earning potential.
About the Quincy Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Quincy
Experienced actuarys at the top of the pay scale in Quincy earn between $161,813 and $195,946 per year (2026 est.). This $121,825 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Quincy median of $126,417 sits 5.77% below the US median.
Top ASA, FSA Salary Comparison
| Level | Quincy | National |
|---|---|---|
| Median (P50) | $126,417 | $134,160 |
| 75th Percentile | $161,813 | $176,111 |
| 90th Percentile (Top 10%) | $195,946 | $221,983 |
In Quincy, experienced actuaries (P90) earn 55.00% more than the local median — reflecting the significant value of specialization and tenure in this market.
What Drives Top Actuary Pay in Quincy
Advanced Certifications in Illinois
IL actuaries with additional specialty certifications within the actuarial science field earn significantly above the $126,417 median. Expanded-scope credentials are increasingly valued by Quincy employers.
Specialty Focus
Actuaries focusing on high-acuity or specialty areas within the actuarial science field in Quincy command premium compensation, often reaching the $161,813–$195,946 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Quincy metro area often pay above-market rates for experienced actuaries who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured actuaries in Quincy with established relationships have strong negotiating leverage. In this developing market, retention bonuses and annual raises are common for top performers.
Continuing Education & Leadership
Actuaries in Illinois who pursue advanced degrees, mentor junior staff, or lead clinical education programs position themselves for the highest compensation tiers and management roles.
Actuary Career & Wage Growth Path in Quincy
Clinical Actuary
0-5 yearsSenior/Lead Actuary
5-10 yearsActuary Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedQuincy ranks #36 of 64 Illinois cities for top earner actuary salary (90th percentile: $195,946).
Top 10% actuary compensation in Quincy ($195,946) is 6.47% below the Illinois average P90 ($209,500).
2019 BLS Actual
$170,892
2025 BLS Actual
$189,870
2026 Current Est.
$195,946
2019–2027 Growth
+18.3%
Salary Trajectory for Actuaries in Quincy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $170,892 | Actual |
| 2020 | $173,019 | Actual |
| 2021 | $182,561 | Actual |
| 2022 | $175,923 | Actual |
| 2023 | $184,759 | Actual |
| 2024 | $189,870 | Actual |
| 2025 | $189,870 | Actual |
| 2026(current) | $195,946 | Estimated |
| 2027 | $202,216 | Projected |
Top-earning actuaries (90th percentile) in Quincy saw their compensation grow 11.1% from $170,892 in 2019 to $189,870 in 2025, based on 7 years of BLS OEWS data for this metropolitan area. At a 3.20% annual growth rate, senior-level pay is projected to reach $202,216 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Quincy 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.
Maximizing Your Actuary Earnings in Quincy
Potential avenues for commanding higher pay in Quincy revolve around specific actuarial specializations such as life and annuity, health, property and casualty (P&C), as well as enterprise risk management (ERM). Employers vary in compensation strategies, with life insurance companies like Prudential and health insurers such as UnitedHealth offering competitive packages to senior actuaries. Advanced credentials further enhance earning capacity; the ASA-to-FSA progression, alongside passing additional actuarial exams, can add significant value. With compensation often reflecting specialty markets—consulting roles with firms like Mercer or Aon yielding higher returns—growth opportunities can also include moving into leadership as managing actuary or chief actuary. The dynamics between study benefits, signing bonuses for credential completion, and the advantages associated with VEE credits further influence senior actuary pay in IL, making ongoing professional development key to maximizing salary potential.
More salary data for Quincy, IL:
Frequently Asked Questions
How much do experienced actuaries make in Quincy in 2026?
What drives higher actuary pay in Quincy?
What certifications boost actuary salary in Quincy?
Can experienced actuaries make six figures in Quincy?
How much does actuary salary increase over time in Quincy?
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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
Top-earner salary figures on this page are 2026 projections derived from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. BLS reported a 90th percentile salary of $189,870 for actuaries in the Quincy metro area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 senior-level compensation. Individual earnings depend on certifications, specialization, practice type, and years of clinical experience.
Data Sources & Methodology
Salary data for Quincy 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