Actuaries in Texas earn an average annual salary of $113,490, which is below the national average of $135,770. This disparity is often influenced by regional economic factors, industry concentration, and the overall demand for specialized analytical roles within the state's specific market dynamics.
Executive Summary
- Average Salary: $113,490 per year.
- Growth Trend: Salaries have shifted 4.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,050.
- Outlook: With a local workforce of 1,800 actuaries and a Location Quotient of 0.71, the job market in Texas indicates a slightly lower concentration of actuaries compared to the national average. While not a primary hub, the presence of a substantial workforce suggests a stable, albeit not rapidly expanding, demand for actuarial professionals within the state.
Actuaries Salary Trends (2020-2024)
While specific historical data for Texas actuaries isn't provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Factors such as increasing demand for risk assessment in sectors like insurance and finance, coupled with inflation, likely contribute to a steady upward trajectory in compensation for experienced professionals.
Actuaries Salary Distribution in Texas
Actuarial salaries in Texas, like elsewhere, demonstrate a clear progression with experience. Entry-level positions typically start lower, while senior actuaries with extensive experience and specialized certifications can command significantly higher salaries, often reaching well into the six figures. The percentile gaps in salary data highlight these distinct career progression stages and earning potentials.
| 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) | $85,118 | $40.9 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $100,260 | $48.2 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $141,863 | $68.2 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $177,050 | $85.1 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$113,490
Gross Pay
Real Wage (Purchasing Power)
$122,032
Adjusted for COL (93)
The average Actuary salary of $113,490 in Texas presents a favorable financial situation when considering the local Cost of Living Index of 93. This means that the purchasing power of an Actuary's salary in Texas is slightly higher than the national average, allowing for a comfortable lifestyle relative to national benchmarks.
Job Market Context
1,800
Total Jobs
0.13
Per 1K Jobs
0.71
Location Quotient
Texas has 0.71x the national average concentration of Actuaries jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.71 suggests that actuaries are less concentrated in Texas than the national average. This implies that while there is a solid base of actuarial professionals, the market may be less saturated, potentially offering good opportunities for skilled individuals, though perhaps not as many roles as in states with a higher concentration.
Nearby Job Markets
Nearby Cities for Actuaries
| City | Salary | Dist. |
|---|---|---|
| Austin-Round Rock-San Marcos, TX Actuaries Salary | $104,570↓ 8% | 53 mi |
Comparing salaries near Texas
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in Texas?
The median annual salary for a Actuaries in Texas is $113,490. This typically ranges from $59,300 for entry-level positions to $177,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Texas is 16.4% lower than the national median of $135,770.
Is Texas a lucrative place for Actuaries?
Yes, with a caveat.While the average salary is below the national average, the lower cost of living in Texas enhances the purchasing power of the $113,490 salary. This makes it a financially attractive location for actuaries seeking a good quality of life.
Is Texas a good place to live for Actuaries?
With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Texas?
Some top paying nearby cities include Austin-Round Rock-San Marcos, TX ($104,570) and others.
What is the average salary for an Actuary in Texas?
The average annual salary for an Actuary in Texas is $113,490.
How does the Texas Actuary salary compare to the national average?
The average Texas Actuary salary of $113,490 is lower than the national average of $135,770.
What is the Cost of Living Index in Texas?
The Cost of Living Index in Texas is 93, which is below the national average of 100.
How concentrated is the Actuary job market in Texas?
The Actuary job market in Texas has a Location Quotient of 0.71, indicating a slightly lower concentration of actuaries compared to the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,800 employees in the Texas area with a job density of 0.13 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 Texas