Actuary Salary in Carmel, IN: $103,360 (2026)
Quick Answer:A full-time actuary in Carmel, IN earns a median $103,360/year (≈ $49.69/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Carmel's price level (9% below national, BEA RPP 91.3), that paycheck buys what $113,209 would nationally. Nominal pay sits 15.6% below the Indiana state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $103,360 for 2026, actuary salaries in Carmel, Indiana, are certainly competitive, although still approximately 22.96% lower than the national median of $134,160. Salaries in this field range from $65,532 at the 10th percentile to $160,208 at the 90th percentile, indicating a healthy diversity in compensation linked to experience and credentials. These figures come from estimates based on 2025 BLS data, adjusted for local cost-of-living factors. The job market in Carmel supports a small, but growing cohort of professionals, presenting unique opportunities for career advancement, particularly for those focused on passing actuarial exams and attaining higher designations.
About the Carmel Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $65,532 | $31.51 |
| Lower Range (P25) | $79,186 | $38.07 |
| Median (P50)(typical) | $103,360 | $49.69 |
| Upper Range (P75) | $132,300 | $63.60 |
| Top Earners (P90) | $160,208 | $77.02 |
Median Salary Position
22.96% below the national average
2026 Salary Percentile Distribution in Carmel
In Carmel, IN, the actuary salary spread from the 10th to 90th percentile is $94,676 (2026 est.). At $103,360, the local median is 22.96% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Carmel: You'd be in the lower-middle range
How Carmel Actuary Pay Compares
Carmel median: $103,360/year (2026)
| Compared To | Median Salary | Carmel Pays |
|---|---|---|
| Indiana Average | $122,464 | -15.60% less |
| National Average | $134,160 | -22.96% less |
Actuarys in Carmel, IN earn a median of $103,360 per year (2026 est.), which is 22.96% lower than the national median of $134,160 and 15.60% below the Indiana state average of $122,464.
Cost-of-Living Adjusted Salary
Carmel has a cost of living 8.70% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Carmel, IN has a cost-of-living index of 91.3 (below the national average of 100). A actuary earning $103,360 nominally has purchasing power equivalent to $113,209 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$83,475
2025 BLS Actual
$100,155
2026 Current Est.
$103,360
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Carmel (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $83,475 | Actual |
| 2020 | $85,540 | Actual |
| 2021 | $81,588 | Actual |
| 2022 | $87,821 | Actual |
| 2023 | $92,451 | Actual |
| 2024 | $103,034 | Actual |
| 2025 | $100,155 | Actual |
| 2026(current) | $103,360 | Estimated |
| 2027 | $106,667 | Projected |
Based on 7 years of BLS OEWS data for the Carmel metropolitan area, the median actuary salary grew 20.0% from $83,475 (2019) to $100,155 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $106,667 by 2027 — a total increase of $23,192 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Carmel 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $65,532 – $79,186 |
| 3-5 years (Mid Career) | $79,186 – $103,360 |
| 5+ years (Experienced) | $103,360 – $132,300 |
| 10+ years (Top Earner) | $132,300 – $160,208 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Carmel
The actuarial job market in Carmel employs around 15 professionals, suggesting a concentrated yet stable environment for this career path. With a cost-of-living index of 91.3, actuaries in the area enjoy enhanced purchasing power compared to national averages, which can partly offset their salaries. Among employers in the region, life insurance companies like Prudential and MetLife, and health insurers such as UnitedHealth and Cigna, are known for providing some of the highest compensation packages. The disparity in pay largely stems from the progression through actuarial exams—each successful exam completion can lead to notable raises. To maximize earning potential in this market, professionals are advised to focus on obtaining advanced credentials like the FSA or FCAS and to consider additional expertise in predictive analytics, as this skill set is increasingly in demand across various sectors.
More salary data for Carmel, 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
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 BLS reported a median annual salary of $100,155 for actuariesin the Carmel metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Carmel 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