Actuary Salary in Alabama
Based on 190+ workers in Alabama
Median Annual Salary (AL)
$136,950
$65.84/hr
vs National Average
$124,781
+9.8% vs national median
Salary Range (10th–90th)
$71K – $161K
190 employed in Alabama
Actuaries in Alabama earn a median salary of $143,230 per year, which is 18% above the national average. This competitive compensation reflects the strong demand for actuarial expertise in the state's insurance and financial services sectors. Entry-level actuaries start around $80,280 annually, while experienced professionals can earn significantly more.
Several factors influence actuary salary in Alabama, including years of experience, professional certifications, and industry sector. Those working in insurance companies typically earn more than those in other fields. Additionally, completing actuarial exams and obtaining advanced credentials substantially impacts earning potential. Geographic location within Alabama and the size of the employer also play important roles in determining compensation packages.
Salary Distribution — Actuary in Alabama
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $71,240 |
| 25th percentile | $82,630 |
| Median (50th percentile) | $136,950 |
| 75th percentile | $149,320 |
| 90th percentile | $160,740 |
Top-Paying Industries for Actuary (U.S.)
Which industries pay Actuarys the most — nationwide figures (industry-level data is not available by state). Actuarys in Alabama tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Other Services (except Public Administration) | $175,980 | 50 |
| Finance and Insurance | $131,450 | 20K |
| Management of Companies and Enterprises | $129,810 | 1K |
| Government (excl. schools, hospitals & USPS) | $129,650 | 850 |
| Professional, Scientific, and Technical Services | $124,130 | 4K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Actuary in Alabama vs National
| Year | Median Salary (Alabama) |
|---|---|
| 2022 | $82,370 |
| 2023 | $102,010 |
| 2024 | $143,230 |
| 2025 | $136,950 |
| 2026 (projected) | $136,950 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Alabama Median | National Median |
|---|---|---|
| 2022 | $82,370 | $112,138 |
| 2023 | $102,010 | $112,820 |
| 2024 | $143,230 | $121,524 |
| 2025 | $136,950 | $124,781 |
| 2026 (projected) | $136,950 | $124,781 |
Actuary Salary by Experience Level in Alabama
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $82,630 |
| Mid-level | 3-5 yrs | $136,950 |
| Senior | 6-9 yrs | $149,320 |
| Staff / Lead | 10+ yrs | $160,740 |
Actuary Salary in Other States
Related Actuary Salaries in Alabama
How other high-demand occupations in Alabama compare to Actuary ($136,950 median).
| Occupation | Median Salary | vs Actuary | Hourly |
|---|---|---|---|
| Financial Manager in AL | $140,500 | +2.6% | $67.55/hr |
| Economist in AL | $129,960 | -5.1% | $62.48/hr |
| Budget Analyst in AL | $99,490 | -27.4% | $47.83/hr |
| Financial Analyst in AL | $91,290 | -33.3% | $43.89/hr |
| Tax Examiner in AL | $87,110 | -36.4% | $41.88/hr |
| Credit Analyst in AL | $79,970 | -41.6% | $38.45/hr |
| Personal Financial Advisor in AL | $77,990 | -43.1% | $37.50/hr |
| Accountant in AL | $74,880 | -45.3% | $36.00/hr |
| Compliance Officer in AL | $72,990 | -46.7% | $35.09/hr |
| Loan Officer in AL | $66,710 | -51.3% | $32.07/hr |
| Insurance Sales Agent in AL | $65,510 | -52.2% | $31.50/hr |
| Securities Sales Agent in AL | $49,230 | -64.1% | $23.67/hr |
Frequently Asked Questions
How much do actuaries make in Alabama?
- The median salary for actuaries in Alabama is $143,230 per year, or approximately $69 per hour. This is notably 17.9% higher than the national average for actuaries.
What is the salary range for actuaries working in Alabama?
- Actuaries in Alabama earn between $80,280 and $143,230 annually, depending on experience and specialization. The median of $143,230 represents the midpoint of this salary range.
Is the actuary salary in Alabama above the national average?
- Yes, Alabama's median actuary salary of $143,230 per year exceeds the national average by 17.9%. This makes Alabama a competitive state for actuaries seeking higher-than-average compensation.
What's the hourly rate for actuaries in Alabama?
- Based on the median salary, actuaries in Alabama earn approximately $69 per hour. This hourly rate corresponds to the annual median salary of $143,230.