Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $59,000 | $68,000 | $81,000 | $32.69/hr |
| Mid-Level (3–5 yrs) | $86,000 | $104,000 | $122,000 | $50/hr |
| Senior (6+ yrs) | $126,000 | $151,000 | $180,000 | $72.6/hr |
What Your Salary Is Really Worth in Cleveland
A mid-level actuary earning $104,000 in Cleveland has the same buying power as $113,000 in an average US city, after adjusting for the local cost of living (COL index 92).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Actuary Salaries in Cleveland
The median actuary salary in Cleveland, OH is $104,000 for mid-level professionals, which is 2% below the national median. With a cost of living index of 92 (national average = 100), Cleveland offers an affordable cost of living, making these salaries stretch further.
Entry-level actuarys in Cleveland can expect to earn between $59,000 and $81,000 (about $32.69/hour), while senior professionals with 6+ years of experience earn up to $180,000 ($180K annually, or about $86.54/hour).
These figures represent base salary only and do not include bonuses, equity, or benefits, which can add 20–50% to total compensation — especially at technology companies and in competitive markets like Cleveland.
Frequently Asked Questions: Actuary Salary in Cleveland
What is the average Actuary salary in Cleveland?+
The average Actuary salary in Cleveland is $104,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $68,000 and senior-level pay reaches $151,000.
How much does an entry-level actuary make in Cleveland?+
Entry-level actuarys in Cleveland earn between $59,000 and $81,000, with a median of $68,000 per year (about $32.69/hour).
What is the hourly rate for a Actuary in Cleveland?+
Based on a 2,080-hour work year, a Actuary in Cleveland earns roughly $32.69/hour at entry-level, $50/hour at mid-level, and $72.6/hour at senior-level.
Is the Actuary salary in Cleveland higher than the US average?+
Actuary salaries in Cleveland are about 2% below the US national median. The lower cost of living often makes take-home buying power competitive.
Does this include bonuses or equity?+
No — these figures are base salary only. Total compensation (base + bonus + equity + benefits) is typically 20–50% higher, and can be 2–3x at top technology and finance employers.
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