Entry-Level Actuary Salary in Evansville, IN: $78,348 (2026)
Quick Answer:New actuaries entering the Evansville, IN job market in 2026 can expect a starting salary around $78,348 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Evansville's local price level (BEA RPP 91.3 — 9% below national), a first-year paycheck buys what $85,814 would in average-cost America. Most reach the city median ($125,213) within a few years of clinical practice.
Based on BLS state-level estimates · View source
For those entering the actuarial profession in Evansville, Indiana, the projected entry-level actuary salary in 2026 stands at $78,348. This starting figure represents a significant gap compared to the city's median salary of $125,213, suggesting that new graduates may initially feel a disparity in earnings relative to their experienced colleagues. However, the compensation landscape can improve rapidly due to the city's 3.20% annual growth rate in salaries, with entry-level professionals likely progressing from $78,348 to around $95,375 within their first few years of work. Given the current economic conditions and growing demand for actuaries in various sectors, including insurance and consulting, Evansville presents a promising market for recent graduates seeking their first position in this field.
About the Evansville Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Career Earnings Timeline in Evansville
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Evansville
Entry-level actuarys in Evansville, IN typically start between $78,348 and $95,375 per year (2026 est.). The full salary range spans $115,732 from the 10th to 90th percentile, with the local median at $125,213 — 6.67% below the national median.
Return on Investment
The average actuarial science program cost in Indiana of $48,000 represents just 61.27% of the starting actuary pay ($78,348/year) in Evansville. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates cover bachelor's degree tuition at public and private universities, plus estimated actuarial exam fees and study materials. Employers often cover exam costs once employed.
ASA, FSA Salary Negotiation Tips for New Graduates in Evansville
- 1Research the Evansville market: entry-level actuary pay ranges from $78,348 to $95,375, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the actuarial science field — employers in IN often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Evansville, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Evansville for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Evansville's below-average cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Evansville is $115,732 ( 147.72%) between entry-level and top earners. Starting at $78,348, experienced hygienists can earn up to $194,080.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$62,672
2025 BLS Actual
$75,919
2026 Current Est.
$78,348
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Evansville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $62,672 | Actual |
| 2020 | $63,802 | Actual |
| 2021 | $61,126 | Actual |
| 2022 | $69,339 | Actual |
| 2023 | $72,837 | Actual |
| 2024 | $66,512 | Actual |
| 2025 | $75,919 | Actual |
| 2026(current) | $78,348 | Estimated |
| 2027 | $80,856 | Projected |
Entry-level actuary compensation (10th percentile) in Evansville, IN grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $62,672 in 2019 to $75,919 in 2025. By 2027, starting salaries are projected to reach $80,856. New graduates entering the Evansville job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Evansville metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Starting Your actuarial science Career in Evansville
In terms of opportunities, notable employers in Evansville, such as Prudential, MetLife, and Northwestern Mutual, actively recruit new actuarial graduates. These organizations often provide structured study programs for actuarial exams, which are integral to career advancement. Health insurers also seek entry-level actuaries, while consulting firms like Milliman and Aon are known for their competitive offers, particularly for ASA-credentialed analysts. To elevate starting pay, candidates should focus on obtaining relevant degrees in math, statistics, or finance and aim to pass the Society of Actuaries (SOA) exams. Each exam passed typically adds $3,000 to $8,000 to base salary, highlighting the financial incentive to advance through the ASA to FSA pathway. New actuaries in Evansville can expect realistic pay growth as they gain qualifications, develop data science skills, and navigate their early careers in a supportive job market.
More salary data for Evansville, IN:
Frequently Asked Questions
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Entry-level salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The 10th percentile (entry-level) is used as the starting salary benchmark for new actuarial science graduates. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Evansville. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Evansville is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov