Actuary Salary in Port Arthur, TX
How much does a actuary make in Port Arthur? Explore median, entry-level, and senior salaries adjusted for Port Arthur's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in Port Arthur.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $44,358 | $73,931 | $99,806 |
| Monthly | $3,697 | $6,161 | $8,317 |
| Biweekly | $1,706 | $2,844 | $3,839 |
| Weekly | $853 | $1,422 | $1,919 |
| Hourly | $21 | $36 | $48 |
Port Arthur vs National Average
How Port Arthur's actuary salaries compare to national figures.
Cost of Living in Port Arthur
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 Port Arthur, TX — Complete Guide
Median Salary Overview
The median salary for a actuary in Port Arthur, TX is $73,931 per year, adjusted for the local cost of living index of 89. This figure reflects typical earnings for experienced professionals in this role, considering Port Arthur's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in Port Arthur can expect to earn around $44,358 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $99,806 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Port Arthur's cost of living index of 89 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Port Arthur 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 Port Arthur typically goes toward housing. With a 1-bedroom apartment averaging $1,000 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 Port Arthur, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.