Actuary Salary in Highlands Ranch, CO
How much does a actuary make in Highlands Ranch? Explore median, entry-level, and senior salaries adjusted for Highlands Ranch's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in Highlands Ranch.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $63,146 | $105,243 | $142,078 |
| Monthly | $5,262 | $8,770 | $11,840 |
| Biweekly | $2,429 | $4,048 | $5,465 |
| Weekly | $1,214 | $2,024 | $2,732 |
| Hourly | $30 | $51 | $68 |
Highlands Ranch vs National Average
How Highlands Ranch's actuary salaries compare to national figures.
Cost of Living in Highlands Ranch
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 Highlands Ranch, CO — Complete Guide
Median Salary Overview
The median salary for a actuary in Highlands Ranch, CO is $105,243 per year, adjusted for the local cost of living index of 118. This figure reflects typical earnings for experienced professionals in this role, considering Highlands Ranch's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in Highlands Ranch can expect to earn around $63,146 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $142,078 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Highlands Ranch's cost of living index of 118 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Highlands Ranch 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 Highlands Ranch typically goes toward housing. With a 1-bedroom apartment averaging $1,500 per month, housing represents about 17.1% 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 Highlands Ranch, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.