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Average Actuaries Salary in Kansas City, MO-KS

Actuaries in Kansas City, MO-KS earn an impressive average annual salary of $138,080, slightly surpassing the national average of $135,770. This favorable compensation reflects the specialized demand and the concentration of actuarial talent within the region, indicating a robust market for these analytical professionals.

Executive Summary

  • Average Salary: $138,080 per year.
  • Growth Trend: Salaries have shifted 21.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $201,340.
  • Outlook: With a local workforce of 260 actuaries and a Location Quotient of 1.3, Kansas City demonstrates a notable concentration of actuarial professionals compared to the national average. This suggests a healthy and potentially growing demand for actuaries in the area, indicating a stable job market with opportunities for skilled individuals.
2024 Market Data

Salary Overview

$138,080

The average Actuaries in Kansas City, MO-KS earns+1.7%above the national average.

BreakdownBased on 40h/week
Hourly

$66.4

Weekly

$2,655

Monthly

$11,507

Actuaries Salary Distribution in Kansas City, MO-KS

Actuarial compensation typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned actuaries with extensive experience and specialized certifications can expect to earn substantially more, potentially reaching well into the six figures. The widening salary gap between junior and senior roles highlights clear career progression and increased earning potential within the actuarial field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$78,390$37.7
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$103,560$49.8
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$127,550$61.3
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$172,600$83
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$201,340$96.8

Detailed Actuaries Market Analysis

Relocation Context

Nominal Salary

$138,080

Gross Pay

Real Wage (Purchasing Power)

$138,080

Adjusted for COL (100)

The average annual salary of $138,080 in Kansas City, MO-KS 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 location is equivalent to the national average, making it a financially neutral location for relocation from a cost-of-living perspective.

Job Market Context

260

Total Jobs

0.239

Per 1K Jobs

1.3

Location Quotient

Above Average

With a location quotient of 1.30, Kansas City, MO-KS has a slightly higher-than-average concentration of Actuaries roles compared to the national norm.

A Location Quotient of 1.3 indicates that actuaries are 30% more concentrated in Kansas City, MO-KS than the national average. This suggests a more robust and specialized job market for actuaries in this region, implying that employers may be actively seeking this talent, and there's a greater density of opportunities compared to other areas.

Nearby Job Markets

Nearby Cities for Actuaries

CitySalaryDist.
Topeka, KS Actuaries Salary$132,970↓ 4%60 mi

Comparing salaries near Kansas City, MO-KS

Hiring Actuariess?

Frequently Asked Questions

How much does a Actuaries make in Kansas City, MO-KS?

The median annual salary for a Actuaries in Kansas City, MO-KS is $138,080. This typically ranges from $78,390 for entry-level positions to $201,340 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Kansas City, MO-KS is 1.7% higher than the national median of $135,770.

Is Kansas City, MO-KS a lucrative place for Actuaries?

Yes, Kansas City, MO-KS offers a lucrative environment for actuaries.Actuaries in Kansas City earn above the national average salary, and the cost of living is on par with the national average, indicating strong purchasing power. The higher concentration of actuaries (LQ 1.3) also suggests a robust local demand for their specialized skills.

Is Kansas City, MO-KS a good place to live for Actuaries?

The Cost of Living Index in Kansas City, MO-KS is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Kansas City, MO-KS?

Some top paying nearby cities include Topeka, KS ($132,970) and others.

What is the average salary for an Actuary in Kansas City, MO-KS?

The average annual salary for an Actuary in Kansas City, MO-KS is $138,080.

How does the Kansas City Actuary salary compare to the national average?

The average salary in Kansas City ($138,080) is slightly higher than the national average ($135,770).

What is the Cost of Living Index in Kansas City, MO-KS?

The Cost of Living Index in Kansas City, MO-KS is 100, which is the national average.

How concentrated is the Actuary job market in Kansas City, MO-KS?

The Actuary job market in Kansas City, MO-KS is more concentrated than the national average, with a Location Quotient of 1.3, indicating a higher presence of actuaries relative to other professions.

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 Kansas City, MO-KS area with a job density of 0.239 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Actuaries • Data source: BLS OEWS 2024 •Jobs in Kansas City, MO-KS