Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $57,000 | $67,000 | $79,000 | $32.21/hr |
| Mid-Level (3–5 yrs) | $84,000 | $101,000 | $119,000 | $48.56/hr |
| Senior (6+ yrs) | $123,000 | $148,000 | $176,000 | $71.15/hr |
What Your Salary Is Really Worth in Memphis
A mid-level actuary earning $101,000 in Memphis has the same buying power as $115,000 in an average US city, after adjusting for the local cost of living (COL index 88).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Actuary Salaries in Memphis
The median actuary salary in Memphis, TN is $101,000 for mid-level professionals, which is 3% below the national median. With a cost of living index of 88 (national average = 100), Memphis offers an affordable cost of living, making these salaries stretch further.
Entry-level actuarys in Memphis can expect to earn between $57,000 and $79,000 (about $32.21/hour), while senior professionals with 6+ years of experience earn up to $176,000 ($176K annually, or about $84.62/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 Memphis.
Frequently Asked Questions: Actuary Salary in Memphis
What is the average Actuary salary in Memphis?+
The average Actuary salary in Memphis is $101,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $67,000 and senior-level pay reaches $148,000.
How much does an entry-level actuary make in Memphis?+
Entry-level actuarys in Memphis earn between $57,000 and $79,000, with a median of $67,000 per year (about $32.21/hour).
What is the hourly rate for a Actuary in Memphis?+
Based on a 2,080-hour work year, a Actuary in Memphis earns roughly $32.21/hour at entry-level, $48.56/hour at mid-level, and $71.15/hour at senior-level.
Is the Actuary salary in Memphis higher than the US average?+
Actuary salaries in Memphis are about 3% 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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