Actuary Salary in Salt Lake City, UT
How much does a actuary make in Salt Lake City? Explore median, entry-level, and senior salaries adjusted for Salt Lake City's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in Salt Lake City.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $84,174 | $140,290 | $189,392 |
| Monthly | $7,015 | $11,691 | $15,783 |
| Biweekly | $3,237 | $5,396 | $7,284 |
| Weekly | $1,619 | $2,698 | $3,642 |
| Hourly | $40 | $67 | $91 |
Salt Lake City vs National Average
How Salt Lake City's actuary salaries compare to national figures.
Cost of Living in Salt Lake City
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
Use these Pulsafi calculators to understand your finances based on a actuary salary in Salt Lake City.
Salary Breakdown Calculator
See exactly how your salary breaks down into taxes and take-home pay.
Cost of Living Calculator
Understand your expenses and purchasing power in Salt Lake City.
Budget Calculator
Create a personalized budget based on your income and expenses.
Rent vs Buy Calculator
Compare the true costs of renting versus buying in Salt Lake City.
Actuary Salary in Salt Lake City, UT — Complete Guide
Median Salary Overview
The median salary for a actuary in Salt Lake City, UT is $140,290 per year, adjusted for the local cost of living index of 122. This figure reflects typical earnings for experienced professionals in this role, considering Salt Lake City's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in Salt Lake City can expect to earn around $84,174 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $189,392 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Salt Lake City's cost of living index of 122 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Salt Lake City 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 Salt Lake City typically goes toward housing. With a 1-bedroom apartment averaging $1,700 per month, housing represents about 14.5% 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 Salt Lake City, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.