Actuary Salary in Madison
Analyzes financial costs of risk and uncertainty using mathematics, statistics, and financial theory.
Madison ranks #381 of 530 U.S. metro areas for actuary pay. Entry-level salaries here are $1,154 below the national average.
Madison vs National Average
| Level | This Metro | National Avg | Difference | % Change |
|---|---|---|---|---|
| Level I (Entry) | $78,978 | $80,132 | $-1,154 | -1.4% |
| Level II | $98,821 | $104,342 | $-5,521 | -5.3% |
| Level III (Mid) | $118,643 | $128,553 | $-9,910 | -7.7% |
| Level IV (Senior) | $138,486 | $152,762 | $-14,276 | -9.3% |
Other metros in Wisconsin
| Metro Area | Level I | Level IV | Average |
|---|---|---|---|
| Milwaukee-Waukesha | $89,877 | $180,253 | $150,426 |
| Racine-Mount Pleasant | $89,669 | $179,546 | $149,885 |
| Fond du Lac | $85,446 | $173,763 | $144,622 |
| Sheboygan | $83,990 | $166,213 | $139,090 |
| South Central Wisconsin | $82,514 | $158,870 | $133,661 |
Frequently Asked Questions
What is the average actuary salary in Madison?
The average actuary salary in Madison is $118,851 per year, based on U.S. Department of Labor employer survey data. This places Madison at rank #381 out of 530 U.S. metro areas surveyed.
What do entry-level actuarys earn in Madison?
Entry-level actuarys (Level I) in Madison earn $78,978 per year. Level II (early career) earns $98,821, reflecting growing independence and experience.
How does Madison compare to the national average for actuary salaries?
Madison ranks #381 of 530 U.S. metro areas for actuary pay. Entry-level salaries here are $1,154 below the national average. The national average actuary salary is $128,794, while Madison workers average $118,851 — a difference of -8% overall.
Data source: Salary data sourced from the U.S. Department of Labor Occupational Employment and Wage Statistics (OEWS) program, which surveys employers nationwide to collect wage data by occupation and geography. The four experience levels reflect DOL standardized tiers. Data reflects the most recently published survey cycle. SOC code: 15-2011.