The annual salary statistics of actuaries in Cleveland-Elyria-Mentor, Ohio is shown in Table 1. The wage data of actuaries in Cleveland-Elyria-Mentor is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $65,120 |
| 25th Percentile Wage | $79,900 |
| 50th Percentile Wage | $101,820 |
| 75th Percentile Wage | $128,190 |
| 90th Percentile Wage | $164,780 |
Table 1 shows the average annual salary for actuaries in Cleveland-Elyria-Mentor, Ohio in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $164,780. The median (50th percentile) annual salary is $101,820. The average annual salary for the bottom 10 percent earners is $65,120.
The table and chart below show the trend of the median salary of actuaries from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $101,820 | -0.06% | 21.00% |
| 2021 | $101,880 | 5.70% | - |
| 2020 | $96,070 | 5.38% | - |
| 2019 | $90,900 | 0.25% | - |
| 2018 | $90,670 | 14.48% | - |
| 2017 | $77,540 | -6.46% | - |
| 2016 | $82,550 | 3.80% | - |
| 2015 | $79,410 | -4.09% | - |
| 2014 | $82,660 | 6.90% | - |
| 2013 | $76,960 | -4.52% | - |
| 2012 | $80,440 | - | - |
From Table 3 we note that the median annual salary of $101,820 in Cleveland-Elyria-Mentor is in the middle of salary range for actuaries in state of Ohio. In comparison, the annual salary of actuaries in Cleveland-Elyria-Mentor is 2.6 percent (2.6%) lower than that in the highest paying Columbus and 2.8 percent (2.8%) higher than that in the lowest paying Akron.
| Cities/Areas | Median Annual Salary |
|---|---|
| Columbus | |
| Dayton | |
| Cleveland-Elyria-Mentor | |
| Cincinnati-Middletown | |
| Akron |