Actuary Salary in Goshen, IN: $117,136 (2026)
Quick Answer:A full-time actuary in Goshen, IN earns a median $117,136/year (≈ $56.32/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Goshen's price level (9% below national, BEA RPP 91.3), that paycheck buys what $128,298 would nationally. Nominal pay sits 4.4% below the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, actuary salaries in Goshen, Indiana, are projected to reach a median of $117,136, reflecting the region's competitive landscape. The salary range for this profession extends from $75,033 at the lower end (P10) to as high as $181,561 at the upper tier (P90). These figures, derived from 2025 BLS state-level data adjusted for regional price parities, highlight the lucrative opportunities available to actuaries in both the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) specialty markets. Given the steady demand for risk assessment and financial analysis, Goshen demonstrates a resilient job market, which is particularly advantageous for those holding advanced credentials in either life, health, or property and casualty sectors.
About the Goshen Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,033 | $36.07 |
| Lower Range (P25) | $90,353 | $43.44 |
| Median (P50)(typical) | $117,136 | $56.32 |
| Upper Range (P75) | $149,934 | $72.09 |
| Top Earners (P90) | $181,561 | $87.29 |
Median Salary Position
12.69% below the national average
2026 Salary Percentile Distribution in Goshen
In Goshen, IN, the actuary salary spread from the 10th to 90th percentile is $106,528 (2026 est.). At $117,136, the local median is 12.69% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Goshen: You'd be in the lower-middle range
How Goshen Actuary Pay Compares
Goshen median: $117,136/year (2026)
| Compared To | Median Salary | Goshen Pays |
|---|---|---|
| Indiana Average | $122,527 | -4.40% less |
| National Average | $134,160 | -12.69% less |
Actuarys in Goshen, IN earn a median of $117,136 per year (2026 est.), which is 12.69% lower than the national median of $134,160 and 4.40% below the Indiana state average of $122,527.
Cost-of-Living Adjusted Salary
Goshen 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.
Goshen, IN has a cost-of-living index of 91.3 (below the national average of 100). A actuary earning $117,136 nominally has purchasing power equivalent to $128,298 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$94,601
2025 BLS Actual
$113,504
2026 Current Est.
$117,136
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Goshen (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $94,601 | Actual |
| 2020 | $96,941 | Actual |
| 2021 | $92,462 | Actual |
| 2022 | $99,526 | Actual |
| 2023 | $104,773 | Actual |
| 2024 | $100,407 | Actual |
| 2025 | $113,504 | Actual |
| 2026(current) | $117,136 | Estimated |
| 2027 | $120,884 | Projected |
Based on 7 years of BLS OEWS data for the Goshen metropolitan area, the median actuary salary grew 20.0% from $94,601 (2019) to $113,504 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $120,884 by 2027 — a total increase of $26,283 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Goshen 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) | $75,033 – $90,353 |
| 3-5 years (Mid Career) | $90,353 – $117,136 |
| 5+ years (Experienced) | $117,136 – $149,934 |
| 10+ years (Top Earner) | $149,934 – $181,561 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Goshen
Examining the local job market reveals that only six actuaries are currently employed in Goshen, creating a unique dynamic for salary negotiations and career growth. The cost-of-living index stands at 91.3, which indicates that residents enjoy a lower cost of living compared to the national average; this directly affects buying power and job satisfaction. Among various employers, those in health insurance and managed care, like UnitedHealth and Cigna, often provide more substantial compensation packages for skilled professionals. Additionally, the significant pay disparity within the field can often be attributed to career progression linked to exam completion, with each passed exam potentially resulting in an increase of $3,000 to $8,000 in annual salary. For actuaries aiming to maximize their pay in Goshen, focusing on passing exams, gaining relevant certifications, and considering roles in consulting firms where the pay gradient is more favorable can be key strategies for enhancing earning potential.
More salary data for Goshen, 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 $113,504 for actuariesin the Goshen 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 Goshen 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