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Average Actuaries Salary in Peoria, IL

The average salary for Actuariess in Peoria, IL is $108,240. While this is lower than the national average, the cost of living in Peoria, IL may offset the difference, preserving real purchasing power. Notably, Peoria, IL is a key hub for this profession, with a job concentration 1.23x higher than average.

Executive Summary

  • Average Salary: $108,240 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $157,000.
  • Outlook: The current demand for Actuariess is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Peoria, IL economy.
2024 Market Data

Salary Overview

$108,240

The average Actuaries in Peoria, IL earns-20.3%below the national average.

BreakdownBased on 40h/week
Hourly

$52

Weekly

$2,082

Monthly

$9,020

Actuaries Salary Distribution in Peoria, IL

The earning potential for Actuariess in Peoria, IL varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.9x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $40,150, while highly experienced professionals can command wages upwards of $157,000.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$40,150$19.3
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$81,180$39
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$101,750$48.9
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$135,300$65
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$157,000$75.5

Detailed Actuaries Market Analysis

Relocation Context

Nominal Salary

$108,240

Gross Pay

Real Wage (Purchasing Power)

$108,240

Adjusted for COL (100)

In Peoria, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $108,240 to $108,240.

Job Market Context

40

Total Jobs

0.227

Per 1K Jobs

1.23

Location Quotient

Above Average

With a location quotient of 1.23, Peoria, IL has a slightly higher-than-average concentration of Actuaries roles compared to the national norm.

40 people work as Actuaries in Peoria, IL.

Only 0.227 out of every 1,000 local jobs are Actuaries roles — this is a niche profession in the area.

Nearby Job Markets

Hiring Actuariess?

Frequently Asked Questions

How much does a Actuaries make in Peoria, IL?

The median annual salary for a Actuaries in Peoria, IL is $108,240. This typically ranges from $40,150 for entry-level positions to $157,000 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Peoria, IL is 20.3% lower than the national median of $135,770.

Is Peoria, IL a good place for Actuariess?

Yes, Peoria, IL is highly recommended due to strong job demand. While salaries are competitive ($108,240), the area is particularly notable for its high job density for Actuariess. See distinct detailed breakdown below.

Is Peoria, IL a good place to live for Actuaries?

The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Peoria, IL area with a job density of 0.227 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 Peoria, IL