Actuary Salary in Derby, KS
How much does a actuary make in Derby? Explore median, entry-level, and senior salaries adjusted for Derby's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in Derby.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $37,858 | $63,097 | $85,181 |
| Monthly | $3,155 | $5,258 | $7,098 |
| Biweekly | $1,456 | $2,427 | $3,276 |
| Weekly | $728 | $1,213 | $1,638 |
| Hourly | $18 | $30 | $41 |
Derby vs National Average
How Derby's actuary salaries compare to national figures.
Cost of Living in Derby
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
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See Actuary salaries in other top cities.
Financial Tools to Explore
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Actuary Salary in Derby, KS — Complete Guide
Median Salary Overview
The median salary for a actuary in Derby, KS is $63,097 per year, adjusted for the local cost of living index of 88. This figure reflects typical earnings for experienced professionals in this role, considering Derby's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in Derby can expect to earn around $37,858 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $85,181 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Derby's cost of living index of 88 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Derby 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 Derby typically goes toward housing. With a 1-bedroom apartment averaging $850 per month, housing represents about 16.2% 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 Derby, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.