Actuary Salary in Springville, UT: $124,860 (2026)
Quick Answer:A full-time actuary in Springville, UT earns a median $124,860/year (≈ $60.03/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Springville's price level (2% below national, BEA RPP 98.1), that paycheck buys what $127,278 would nationally. Nominal pay sits 5.1% below the Utah state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Springville, Utah, are projected to earn a median salary of $124,860, reflecting a slight decrease compared to the national median of $134,160. The salary range for actuaries spans from $78,893 at the 10th percentile to an impressive $193,532 at the 90th percentile. These figures derive from estimates based on 2025 BLS data, adjusted for regional cost considerations. Springville's compensation landscape indicates a pay gradient where actuaries at consulting firms like Milliman or Mercer generally earn more than their counterparts in insurance roles, especially at the Fellow level. This dynamic may impact job attractiveness in the area as FSA-credentialed professionals look for optimal opportunities within these sectors.
About the Springville Market
Salary estimated from Utah average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,893 | $37.93 |
| Lower Range (P25) | $92,342 | $44.40 |
| Median (P50)(typical) | $124,860 | $60.03 |
| Upper Range (P75) | $159,821 | $76.83 |
| Top Earners (P90) | $193,532 | $93.05 |
Median Salary Position
6.93% below the national average
2026 Salary Percentile Distribution in Springville
In Springville, UT, the actuary salary spread from the 10th to 90th percentile is $114,639 (2026 est.). At $124,860, the local median is 6.93% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Springville: You'd be in the lower-middle range
How Springville Actuary Pay Compares
Springville median: $124,860/year (2026)
| Compared To | Median Salary | Springville Pays |
|---|---|---|
| Utah Average | $131,570 | -5.10% less |
| National Average | $134,160 | -6.93% less |
Actuarys in Springville, UT earn a median of $124,860 per year (2026 est.), which is 6.93% lower than the national median of $134,160 and 5.10% below the Utah state average of $131,570.
Cost-of-Living Adjusted Salary
Springville has a cost of living 1.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Springville, UT has a cost-of-living index of 98.1 (below the national average of 100). A actuary earning $124,860 nominally has purchasing power equivalent to $127,278 in an average-cost city — an effective 1.94% boost.
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2019 BLS Actual
$100,839
2025 BLS Actual
$120,988
2026 Current Est.
$124,860
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Springville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,839 | Actual |
| 2020 | $103,333 | Actual |
| 2021 | $98,559 | Actual |
| 2022 | $106,088 | Actual |
| 2023 | $111,681 | Actual |
| 2024 | $107,027 | Actual |
| 2025 | $120,988 | Actual |
| 2026(current) | $124,860 | Estimated |
| 2027 | $128,855 | Projected |
Based on 7 years of BLS OEWS data for the Springville metropolitan area, the median actuary salary grew 20.0% from $100,839 (2019) to $120,988 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $128,855 by 2027 — a total increase of $28,016 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Springville 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) | $78,893 – $92,342 |
| 3-5 years (Mid Career) | $92,342 – $124,860 |
| 5+ years (Experienced) | $124,860 – $159,821 |
| 10+ years (Top Earner) | $159,821 – $193,532 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Springville
With only eight actuaries employed in the area, Springville's local job market presents unique challenges and opportunities. The cost-of-living index stands at 98.1, slightly below the national average, which influences take-home purchasing power. Within Springville, employers in life insurance—such as Prudential and Northwestern Mutual—may offer competitive salaries, while health insurers like Cigna and managed care firms could provide solid benefits packages. The pay variations can often be attributed to credential levels; actuaries with FSA or FCAS designations generally command higher salaries compared to those holding an ASA credential. To maximize pay in Springville, focusing on passing exams can lead to significant raises, as each certification is valued at incremental increases. Engaging in specialized areas like property & casualty reinsurance may also yield higher compensation compared to other sectors, reinforcing the need for aspirants to align their skills with market demand.
More salary data for Springville, UT:
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 $120,988 for actuariesin the Springville 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 Springville 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