Average Actuaries Salary in Austin-Round Rock-San Marcos, TX
Actuaries in the Austin-Round Rock-San Marcos, TX metropolitan area earn an average annual salary of $104,570. This figure is notably below the national average of $135,770, suggesting that local market dynamics and potentially a different industry focus influence compensation. While the national average reflects broader economic factors, local demand and the specific needs of businesses within the Austin region play a significant role in setting this salary benchmark.
Executive Summary
- Average Salary: $104,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,790.
- Outlook: The Actuary job market in Austin-Round Rock-San Marcos, TX, while not as concentrated as in some other regions, shows a healthy presence with a total local workforce of 260 individuals. A Location Quotient of 1.13 indicates a slightly higher concentration of actuaries compared to the national average, suggesting a stable and potentially growing demand for these specialized professionals within the area. This modest concentration implies a robust, albeit not overwhelmingly saturated, job market for actuaries.
Salary Overview
The average Actuaries in Austin-Round Rock-San Marcos, TX earns-23.0%below the national average.
$50.3
$2,011
$8,714
Actuaries Salary Trends (2020-2024)
While specific historical data for Actuary salary growth in Austin-Round Rock-San Marcos, TX is not provided, it is reasonable to assume a trend of salary increases over the past four years, mirroring national patterns. Economic expansion, increased demand for risk assessment in sectors like technology and insurance, and inflation typically drive up compensation for specialized roles like actuaries. Therefore, actuaries in this region have likely experienced a gradual but consistent rise in their earning potential.
Actuaries Salary Distribution in Austin-Round Rock-San Marcos, TX
The salary trajectory for Actuaries in Austin-Round Rock-San Marcos, TX, like elsewhere, is strongly influenced by experience. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive experience and specialized certifications command significantly higher salaries, often reaching the upper percentiles. The widening gap between entry-level and senior Actuary salaries signifies clear career progression pathways and the increasing value placed on expertise and proven track records within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $59,300 | $28.5 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $78,428 | $37.7 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $88,500 | $42.5 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $130,713 | $62.8 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $161,790 | $77.8 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$104,570
Gross Pay
Real Wage (Purchasing Power)
$104,570
Adjusted for COL (100)
The average Actuary salary of $104,570 in Austin-Round Rock-San Marcos, TX, aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of an Actuary's salary in this metropolitan area is equivalent to that of an Actuary earning the national average salary in a location with a national average cost of living. Consequently, the nominal salary translates directly to a comparable standard of living without the financial strain often associated with higher-than-average living expenses.
Job Market Context
260
Total Jobs
0.208
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Austin-Round Rock-San Marcos, TX has a slightly higher-than-average concentration of Actuaries roles compared to the national norm.
With a Location Quotient of 1.13, the Austin-Round Rock-San Marcos, TX metropolitan area exhibits a slightly higher concentration of Actuaries than the national average. This suggests that while the profession is present and valued, the market is not overly saturated. The job market is competitive but offers opportunities for skilled actuaries, indicating a healthy demand that slightly outpaces the national average in terms of professional density.
Nearby Job Markets
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in Austin-Round Rock-San Marcos, TX?
The median annual salary for a Actuaries in Austin-Round Rock-San Marcos, TX is $104,570. This typically ranges from $59,300 for entry-level positions to $161,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Austin-Round Rock-San Marcos, TX is 23.0% lower than the national median of $135,770.
Is Austin-Round Rock-San Marcos, TX a lucrative place for Actuaries?
Yes, with caveats.Actuaries in Austin-Round Rock-San Marcos, TX earn a solid $104,570, which holds strong purchasing power due to the national average cost of living. While below the national average salary, the slightly higher concentration of actuaries suggests a stable and potentially growing market.
Is Austin-Round Rock-San Marcos, TX a good place to live for Actuaries?
The Cost of Living Index in Austin-Round Rock-San Marcos, TX is 100. While higher than average, this often correlates with higher wages.
How does the Actuary salary in Austin compare to the national average?
The average Actuary salary in Austin-Round Rock-San Marcos, TX is $104,570, which is lower than the national average of $135,770.
What is the Cost of Living in Austin-Round Rock-San Marcos, TX?
The Cost of Living Index for Austin-Round Rock-San Marcos, TX is 100, which is exactly the national average.
How concentrated are Actuaries in the Austin area?
The Location Quotient for Actuaries in Austin-Round Rock-San Marcos, TX is 1.13, indicating a slightly higher concentration than the national average.
How many Actuaries are there in the Austin workforce?
There are approximately 260 Actuaries in the local workforce of Austin-Round Rock-San Marcos, TX.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Austin-Round Rock-San Marcos, TX area with a job density of 0.208 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Actuaries • Data source: BLS OEWS 2024 •Jobs in Austin-Round Rock-San Marcos, TX