Actuary Salary in Granger, IN: $117,459 (2026)
Quick Answer:A full-time actuary in Granger, IN earns a median $117,459/year (≈ $56.47/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Granger's price level (9% below national, BEA RPP 91.3), that paycheck buys what $128,652 would nationally. Nominal pay sits 4.1% below the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Granger, Indiana, can expect a median annual salary of $117,459. The salary range for this profession varies significantly, with entry-level positions starting at around $76,263 and experienced professionals earning up to $182,061. These figures are derived from estimates based on 2025 BLS data, adjusted for regional price differences. When contextualizing Granger's actuary compensation, it's essential to recognize that the area's pay is below the national median of $134,160 by nearly 12.45%. This salary structure reflects the unique characteristics of Granger's job market and the specific demands of actuarial work in this region.
About the Granger Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,263 | $36.67 |
| Lower Range (P25) | $90,991 | $43.75 |
| Median (P50)(typical) | $117,459 | $56.47 |
| Upper Range (P75) | $150,348 | $72.28 |
| Top Earners (P90) | $182,061 | $87.53 |
Median Salary Position
12.45% below the national average
2026 Salary Percentile Distribution in Granger
In Granger, IN, the actuary salary spread from the 10th to 90th percentile is $105,798 (2026 est.). At $117,459, the local median is 12.45% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Granger: You'd be in the lower-middle range
How Granger Actuary Pay Compares
Granger median: $117,459/year (2026)
| Compared To | Median Salary | Granger Pays |
|---|---|---|
| Indiana Average | $122,481 | -4.10% less |
| National Average | $134,160 | -12.45% less |
Actuarys in Granger, IN earn a median of $117,459 per year (2026 est.), which is 12.45% lower than the national median of $134,160 and 4.10% below the Indiana state average of $122,481.
Cost-of-Living Adjusted Salary
Granger 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.
Granger, IN has a cost-of-living index of 91.3 (below the national average of 100). A actuary earning $117,459 nominally has purchasing power equivalent to $128,652 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$94,862
2025 BLS Actual
$113,817
2026 Current Est.
$117,459
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Granger (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $94,862 | Actual |
| 2020 | $97,208 | Actual |
| 2021 | $92,717 | Actual |
| 2022 | $99,800 | Actual |
| 2023 | $105,062 | Actual |
| 2024 | $100,684 | Actual |
| 2025 | $113,817 | Actual |
| 2026(current) | $117,459 | Estimated |
| 2027 | $121,218 | Projected |
Based on 7 years of BLS OEWS data for the Granger metropolitan area, the median actuary salary grew 20.0% from $94,862 (2019) to $113,817 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $121,218 by 2027 — a total increase of $26,356 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Granger 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) | $76,263 – $90,991 |
| 3-5 years (Mid Career) | $90,991 – $117,459 |
| 5+ years (Experienced) | $117,459 – $150,348 |
| 10+ years (Top Earner) | $150,348 – $182,061 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Granger
Currently, there are only seven actuaries employed in Granger, indicating a small but specialized local job market. With a cost-of-living index of 91.3, below the national average, the purchasing power of an actuary's salary can provide a comfortable lifestyle in Granger. Employers that typically offer higher compensation include major players in life insurance such as Prudential and MetLife, alongside health insurance firms like UnitedHealth and Cigna. The pay scale varies due to factors like exam progression—each passed exam often yielding an increase in salary—as well as the level of credentials attained. Professionals who advance to Fellow status can expect to command significantly higher salaries. To maximize earning potential, aspiring actuaries in Granger should focus on completing exams promptly and consider developing skills in data analytics, which is increasingly important in the industry.
More salary data for Granger, 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 $113,817 for actuariesin the Granger 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 Granger 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