Senior Actuary Salary in Richmond, IN: $184,757 (2026)
Quick Answer:The top tier of actuaries working in Richmond, IN — those at or above the 90th percentile — pull in $184,757/year or more for 2026, based on BLS OEWS 2025 estimates for SOC 15-2011. Strip back Richmond's price premium (BEA RPP 91.3, 9% below national) and that top-decile pay carries the same buying power as $202,363 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
With projected earnings in 2026, senior actuaries in Richmond, Indiana, can command substantial salaries. The top earners, positioned within the 90th percentile, have the potential to bring in $184,757, while those in the 75th percentile can expect around $152,488. When examining the median annual salary of $119,198, it’s evident that there is a considerable gap that reflects both experience and specialized expertise. Reaching these upper-level salary brackets typically requires over seven years in the field, advanced credentials such as ASA or FSA, and a solid track record in high-demand areas like predictive analytics or enterprise risk management. Given Richmond's relatively lower cost of living, these lucrative opportunities present an attractive option for seasoned professionals seeking to maximize their earning potential.
About the Richmond Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
2026 Salary Percentile Distribution in Richmond
Experienced actuarys at the top of the pay scale in Richmond earn between $152,488 and $184,757 per year (2026 est.). This $114,820 range from 10th to 90th percentile reflects significant earnings potential growth over a career. The Richmond median of $119,198 sits 11.15% below the US median.
Top ASA, FSA Salary Comparison
| Level | Richmond | National |
|---|---|---|
| Median (P50) | $119,198 | $134,160 |
| 75th Percentile | $152,488 | $176,111 |
| 90th Percentile (Top 10%) | $184,757 | $221,983 |
In Richmond, 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 Richmond
Advanced Certifications in Indiana
IN actuaries with additional specialty certifications within the actuarial science field earn significantly above the $119,198 median. Expanded-scope credentials are increasingly valued by Richmond employers.
Specialty Focus
Actuaries focusing on high-acuity or specialty areas within the actuarial science field in Richmond command premium compensation, often reaching the $152,488–$184,757 range.
Large Health-System & Multi-Site Experience
Large hospital systems and multi-site employers in the Richmond metro area often pay above-market rates for experienced actuaries who demonstrate efficiency and leadership.
Employer Loyalty & Patient Relationships
Long-tenured actuaries in Richmond 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 Indiana 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 Richmond
Clinical Actuary
0-5 yearsSenior/Lead Actuary
5-10 yearsActuary Department Manager
10+ yearsEducator / Specialty Leadership
AdvancedRichmond ranks #20 of 43 Indiana cities for top earner actuary salary (90th percentile: $184,757).
Top 10% actuary compensation in Richmond ($184,757) is 13.01% above the Indiana average P90 ($163,485).
2019 BLS Actual
$161,134
2025 BLS Actual
$179,028
2026 Current Est.
$184,757
2019–2027 Growth
+18.3%
Salary Trajectory for Actuaries in Richmond (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $161,134 | Actual |
| 2020 | $163,139 | Actual |
| 2021 | $172,137 | Actual |
| 2022 | $165,878 | Actual |
| 2023 | $174,209 | Actual |
| 2024 | $158,371 | Actual |
| 2025 | $179,028 | Actual |
| 2026(current) | $184,757 | Estimated |
| 2027 | $190,669 | Projected |
Top-earning actuaries (90th percentile) in Richmond saw their compensation grow 11.1% from $161,134 in 2019 to $179,028 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 $190,669 by 2027, reflecting continued demand for clinical expertise and expanded-function credentials.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Richmond 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 Richmond
In Richmond, certain specializations within the actuarial domain command higher salaries and present unique opportunities for experienced professionals. Senior actuaries focusing on life and annuity, health, and property & casualty can expect premiums compared to their colleagues in more traditional roles. The types of employers also significantly influence compensation levels; leading firms in life insurance like Prudential and MetLife offer competitive pay, as do health insurers like UnitedHealth and Cigna. Furthermore, actuaries with advanced credentials are poised for greater advancement, with clear pathways leading from actuarial analyst to chief actuary. Advanced actuarial designs like the ASA-to-FSA transition, wherein each passed exam typically translates to a pay increase, underscore the financial benefits of professional growth in Richmond. Non-salary compensation drivers, including study time benefits and signing bonuses tied to credential completion, further enhance the total compensation package for seasoned actuaries in this vibrant IN city.
More salary data for Richmond, IN:
Frequently Asked Questions
How much do experienced actuaries make in Richmond in 2026?
What drives higher actuary pay in Richmond?
What certifications boost actuary salary in Richmond?
Can experienced actuaries make six figures in Richmond?
How much does actuary salary increase over time in Richmond?
Related Pages
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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 $179,028 for actuaries in the Richmond 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 Richmond 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