How to Become a Actuaries in Illinois
Actuaries in Illinois earn a median salary of $121,960/year, which is 3% below the national average. Illinois has a state income tax of ~4.9%. After taxes and rent, a actuaries takes home approximately $5,928/month. Most positions require Bachelor's degree.
What a actuaries can afford in Illinois
Becoming a actuaries in Illinois
Meet education requirements
Actuaries positions in Illinois typically require Bachelor's degree. Programs are available at colleges and training institutions across Illinois. Research accredited programs in your area.
Gain required experience
Many actuaries positions in Illinois require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Illinois licensure or certification
Illinois may require specific licensing or professional certification for actuariess. Requirements vary by state — contact the Illinois Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Illinois
Illinois employs 2,120 actuaries. The highest concentrations are in Chicago-Naperville-Elgin and Peoria.
Actuaries salary by metro area in Illinois
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Chicago-Naperville-Elgin | $126K | $60.6/hr | 1,390 |
| Peoria | $102K | $48.92/hr | 40 |
Actuaries salary range in Illinois
Actuaries careers in other states
Frequently asked questions
How much does a actuaries make in Illinois?▼
The median actuaries salary in Illinois is $121,960 per year ($58.64/hr). This is 3% below the national median of $125,770. Salaries range from $55,010 to $190,510.
What are the requirements to become a actuaries in Illinois?▼
Actuaries positions in Illinois typically require Bachelor's degree. Illinois may have specific licensing or certification requirements. Check with the Illinois licensing board or department of labor for current requirements.
Can a actuaries afford to live in Illinois?▼
At the median salary of $121,960, a actuaries in Illinois would take home approximately $7,340/month after taxes. With median 2-bedroom rent at $1,412/month, that's 19.2% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for actuaries in Illinois?▼
The highest paying metro areas for actuaries in Illinois are Chicago-Naperville-Elgin ($126,040), Peoria ($101,750). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Illinois have state income tax for actuaries?▼
Yes, Illinois has a state income tax rate of approximately 4.9%. On a $121,960 salary, this means roughly $6,037/year in state income tax. Use our take-home pay calculator for a detailed breakdown.