Actuary Salary in Westfield, IN: $120,434 (2026)
Quick Answer:A full-time actuary in Westfield, IN earns a median $120,434/year (≈ $57.91/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Westfield's price level (9% below national, BEA RPP 91.3), that paycheck buys what $131,910 would nationally. Nominal pay sits 1.7% below the Indiana state average.
Based on BLS state-level estimates · View source
The actuary salary in Westfield, IN, is projected to reach a median of $120,434 in 2026, positioning it about 10.23% lower than the national median of $134,160. With a salary range extending from $72,727 at the 10th percentile to $186,673 at the 90th percentile, actuaries in this market can expect varied compensation based on their experience and academic credentials. These figures are derived from estimates based on 2025 BLS data and adjusted for regional economic conditions, indicating a solid earning potential for actuaries in Westfield. Given the professional demands of the field, coupled with the local market dynamics, those pursuing a career in actuarial science have promising opportunities ahead.
About the Westfield Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $72,727 | $34.96 |
| Lower Range (P25) | $89,633 | $43.10 |
| Median (P50)(typical) | $120,434 | $57.91 |
| Upper Range (P75) | $152,954 | $73.54 |
| Top Earners (P90) | $186,673 | $89.74 |
Median Salary Position
10.23% below the national average
2026 Salary Percentile Distribution in Westfield
In Westfield, IN, the actuary salary spread from the 10th to 90th percentile is $113,946 (2026 est.). At $120,434, the local median is 10.23% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Westfield: You'd be in the lower-middle range
How Westfield Actuary Pay Compares
Westfield median: $120,434/year (2026)
| Compared To | Median Salary | Westfield Pays |
|---|---|---|
| Indiana Average | $122,517 | -1.70% less |
| National Average | $134,160 | -10.23% less |
Actuarys in Westfield, IN earn a median of $120,434 per year (2026 est.), which is 10.23% lower than the national median of $134,160 and 1.70% below the Indiana state average of $122,517.
Cost-of-Living Adjusted Salary
Westfield 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.
Westfield, IN has a cost-of-living index of 91.3 (below the national average of 100). A actuary earning $120,434 nominally has purchasing power equivalent to $131,910 in an average-cost city — an effective 9.53% boost.
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2019 BLS Actual
$97,265
2025 BLS Actual
$116,700
2026 Current Est.
$120,434
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Westfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $97,265 | Actual |
| 2020 | $99,671 | Actual |
| 2021 | $95,066 | Actual |
| 2022 | $102,328 | Actual |
| 2023 | $107,723 | Actual |
| 2024 | $103,234 | Actual |
| 2025 | $116,700 | Actual |
| 2026(current) | $120,434 | Estimated |
| 2027 | $124,288 | Projected |
Based on 7 years of BLS OEWS data for the Westfield metropolitan area, the median actuary salary grew 20.0% from $97,265 (2019) to $116,700 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $124,288 by 2027 — a total increase of $27,023 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Westfield 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) | $72,727 – $89,633 |
| 3-5 years (Mid Career) | $89,633 – $120,434 |
| 5+ years (Experienced) | $120,434 – $152,954 |
| 10+ years (Top Earner) | $152,954 – $186,673 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Westfield
The local job market for actuaries in Westfield is relatively small, with only 9 professionals currently employed in the area, which suggests a concentrated workforce and potentially less competition for roles. The cost of living index stands at 91.3, below the national average, meaning that the purchasing power of actuaries' salaries can be quite favorable compared to more expensive regions. While prominent employers such as life insurance companies and health insurers dominate the market, the highest salaries are often found within property & casualty firms or consulting entities, where advanced credentials such as FSA or FCAS command a premium. Understanding the exam progression framework can significantly impact compensation; each completed exam tends to yield an increase of $3,000 to $8,000 in salary. As actuaries advance through their careers, targeting roles in consulting may yield better pay opportunities in Westfield, especially given the rising demand for predictive analytics and related skills in the industry.
More salary data for Westfield, 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 $116,700 for actuariesin the Westfield 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 Westfield 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