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Average Actuaries Salary in Milwaukee-Waukesha, WI

Actuaries in the Milwaukee-Waukesha, WI area earn an impressive average annual salary of $150,430, significantly surpassing the national average of $135,770. This elevated compensation is likely driven by a combination of specialized local demand and the concentration of actuarial talent within the region, reflecting the value placed on these critical analytical roles.

Executive Summary

  • Average Salary: $150,430 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $222,010.
  • Outlook: The Milwaukee-Waukesha actuarial job market demonstrates a robust concentration, as indicated by a Location Quotient of 2.57, more than double the national average. With a local workforce of 390 actuaries, this suggests a strong and established demand for these professionals within the area, pointing towards a stable and potentially growing job market.
2024 Market Data

Salary Overview

$150,430

The average Actuaries in Milwaukee-Waukesha, WI earns+10.8%above the national average.

BreakdownBased on 40h/week
Hourly

$72.3

Weekly

$2,893

Monthly

$12,536

Actuaries Salary Distribution in Milwaukee-Waukesha, WI

The salary progression for actuaries in Milwaukee-Waukesha typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned actuaries with extensive expertise and specialized certifications can expect to earn substantially more, often reaching into the upper percentiles. The widening gap between entry-level and senior roles clearly signifies substantial career advancement opportunities and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$81,770$39.3
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$112,823$54.2
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$134,230$64.5
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$188,038$90.4
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$222,010$106.7

Detailed Actuaries Market Analysis

Relocation Context

Nominal Salary

$150,430

Gross Pay

Real Wage (Purchasing Power)

$150,430

Adjusted for COL (100)

An average annual salary of $150,430 in Milwaukee-Waukesha aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an actuary's salary in this metropolitan area is equivalent to the national average, offering a stable financial foundation without the added pressure of a higher cost of living.

Job Market Context

390

Total Jobs

0.472

Per 1K Jobs

2.57

Location Quotient

Major Hub

Milwaukee-Waukesha, WI has 2.6x the national concentration of Actuaries jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

The Location Quotient of 2.57 for actuaries in Milwaukee-Waukesha indicates a significant concentration of this profession compared to the national average. This suggests that the local job market is not only competitive but also offers a more abundant supply of opportunities relative to the general workforce, making it an attractive location for actuaries seeking specialized roles.

Nearby Job Markets

Hiring Actuariess?

Frequently Asked Questions

How much does a Actuaries make in Milwaukee-Waukesha, WI?

The median annual salary for a Actuaries in Milwaukee-Waukesha, WI is $150,430. This typically ranges from $81,770 for entry-level positions to $222,010 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Milwaukee-Waukesha, WI is 10.8% higher than the national median of $135,770.

Is Milwaukee-Waukesha, WI a lucrative place for Actuariess?

Yes, Milwaukee-Waukesha, WI is a lucrative location for actuaries.Actuaries in this area earn approximately $150,430 annually, which is notably higher than the national average. Furthermore, the strong Location Quotient of 2.57 indicates a high concentration of actuarial jobs relative to the national average.

Is Milwaukee-Waukesha, WI a good place to live for Actuaries?

The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.

How does the Milwaukee-Waukesha actuary salary compare to the national average?

Actuaries in Milwaukee-Waukesha earn an average of $150,430 annually, which is $14,660 more than the national average of $135,770.

What is the concentration of actuaries in Milwaukee-Waukesha?

The Location Quotient for actuaries in Milwaukee-Waukesha is 2.57, meaning the area has 2.57 times the concentration of actuaries found in the average U.S. location.

How does the cost of living in Milwaukee-Waukesha affect an actuary's salary?

With a Cost of Living Index of 100, the same as the national average, the $150,430 salary in Milwaukee-Waukesha offers purchasing power equivalent to the national average, indicating good financial stability.

How many actuaries are employed in the Milwaukee-Waukesha area?

There are approximately 390 actuaries employed within the Milwaukee-Waukesha metropolitan area, reflecting a significant local workforce for this specialized profession.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Milwaukee-Waukesha, WI area with a job density of 0.472 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 Milwaukee-Waukesha, WI