Actuary Salary in Muncie, IN: $124,236 (2026)
Quick Answer:A full-time actuary in Muncie, IN earns a median $124,236/year (≈ $59.73/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Muncie's price level (9% below national, BEA RPP 91.3), that paycheck buys what $136,074 would nationally. Nominal pay sits 1.4% above the Indiana state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Muncie, Indiana, can expect a median annual salary of $124,236, slightly below the national figure of $134,160. The salary range for this profession varies significantly, starting at $75,444 (P10) and going up to $192,566 (P90). These figures are local estimates based on 2025 BLS data, adjusted for regional cost of living differences, reflecting Muncie's competitive job market conditions. Given the ongoing demand for actuaries, the projected growth rate of 3.20% in this sector provides an optimistic outlook for both new entrants and those currently in the field. Consequently, Muncie presents opportunities for actuaries to advance through the examination process, amplifying their earning potential with each passing credential.
About the Muncie Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,444 | $36.27 |
| Lower Range (P25) | $92,687 | $44.56 |
| Median (P50)(typical) | $124,236 | $59.73 |
| Upper Range (P75) | $159,023 | $76.45 |
| Top Earners (P90) | $192,566 | $92.58 |
Median Salary Position
7.4% below the national average
2026 Salary Percentile Distribution in Muncie
In Muncie, IN, the actuary salary spread from the 10th to 90th percentile is $117,122 (2026 est.). At $124,236, the local median is 7.4% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Muncie: You'd be in the lower-middle range
How Muncie Actuary Pay Compares
Muncie median: $124,236/year (2026)
| Compared To | Median Salary | Muncie Pays |
|---|---|---|
| Indiana Average | $122,521 | +1.40% more |
| National Average | $134,160 | -7.40% less |
Actuarys in Muncie, IN earn a median of $124,236 per year (2026 est.), which is 7.40% lower than the national median of $134,160 and 1.40% above the Indiana state average of $122,521.
Cost-of-Living Adjusted Salary
Muncie 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.
Muncie, IN has a cost-of-living index of 91.3 (below the national average of 100). A actuary earning $124,236 nominally has purchasing power equivalent to $136,074 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$100,335
2025 BLS Actual
$120,384
2026 Current Est.
$124,236
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Muncie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,335 | Actual |
| 2020 | $102,817 | Actual |
| 2021 | $98,067 | Actual |
| 2022 | $105,558 | Actual |
| 2023 | $111,124 | Actual |
| 2024 | $106,494 | Actual |
| 2025 | $120,384 | Actual |
| 2026(current) | $124,236 | Estimated |
| 2027 | $128,212 | Projected |
Based on 7 years of BLS OEWS data for the Muncie metropolitan area, the median actuary salary grew 20.0% from $100,335 (2019) to $120,384 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $128,212 by 2027 — a total increase of $27,877 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Muncie 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) | $75,444 – $92,687 |
| 3-5 years (Mid Career) | $92,687 – $124,236 |
| 5+ years (Experienced) | $124,236 – $159,023 |
| 10+ years (Top Earner) | $159,023 – $192,566 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Muncie
With only 13 actuaries currently employed in Muncie, the local market remains relatively small yet maintains a viable presence in the industry. The cost of living index in Muncie sits at 91.3, which indicates that take-home pay for actuaries will stretch further than in many higher-cost cities. Among local employers, consulting firms like Milliman and Mercer might pay the highest salaries, especially for those with advanced credentials such as FSA or FCAS. The stark differences in actuary pay in Muncie can often be traced back to the exam progression system, where each passed exam generally brings a salary boost, and the level of credentialing significantly impacts salary levels. To maximize earning potential, aspiring actuaries should focus on completing required exams efficiently and seek positions in specialized markets like property and casualty insurance or consulting, which tend to offer higher compensation packages.
More salary data for Muncie, 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 $120,384 for actuariesin the Muncie 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 Muncie 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