Actuary Salary in Flower Mound, TX
How much does a actuary make in Flower Mound? Explore median, entry-level, and senior salaries adjusted for Flower Mound's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in Flower Mound.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $58,812 | $98,020 | $132,327 |
| Monthly | $4,901 | $8,168 | $11,027 |
| Biweekly | $2,262 | $3,770 | $5,090 |
| Weekly | $1,131 | $1,885 | $2,545 |
| Hourly | $28 | $47 | $64 |
Flower Mound vs National Average
How Flower Mound's actuary salaries compare to national figures.
Cost of Living in Flower Mound
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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Actuary Salary in Flower Mound, TX — Complete Guide
Median Salary Overview
The median salary for a actuary in Flower Mound, TX is $98,020 per year, adjusted for the local cost of living index of 118. This figure reflects typical earnings for experienced professionals in this role, considering Flower Mound's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in Flower Mound can expect to earn around $58,812 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $132,327 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Flower Mound's cost of living index of 118 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Flower Mound 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 Flower Mound typically goes toward housing. With a 1-bedroom apartment averaging $1,600 per month, housing represents about 19.6% 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 Flower Mound, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.