Actuary Salary in Austin, TX
How much does a actuary make in Austin? Explore median, entry-level, and senior salaries adjusted for Austin's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in Austin.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $53,100 | $88,500 | $119,475 |
| Monthly | $4,425 | $7,375 | $9,956 |
| Biweekly | $2,042 | $3,404 | $4,595 |
| Weekly | $1,021 | $1,702 | $2,298 |
| Hourly | $26 | $43 | $57 |
Austin vs National Average
How Austin's actuary salaries compare to national figures.
Cost of Living in Austin
About Actuary
Overview
Analyze insurance and financial risks using statistical and mathematical methods.
Education
Bachelor's degree in Actuarial Science, Mathematics, or related field
Key Skills
Growth Rate
Expected job growth: +18% over the next decade
Compare Cities: Actuary Salary
See Actuary salaries in other top cities.
Financial Tools to Explore
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Actuary Salary in Austin, TX — Complete Guide
Median Salary Overview
The median salary for a actuary in Austin, TX is $88,500 per year, adjusted for the local cost of living index of 121. This figure reflects typical earnings for experienced professionals in this role, considering Austin's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in Austin can expect to earn around $53,100 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $119,475 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Austin's cost of living index of 121 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Austin are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $87,440, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a actuary's salary in Austin typically goes toward housing. With a 1-bedroom apartment averaging $1,700 per month, housing represents about 23.1% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Actuarys are in growing demand across the United States, with an expected job growth of 18% over the next decade. In Austin, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.