Actuary Jobs in Austin, TX
About Actuary Jobs in Austin
Looking for a Actuary job in Austin? You're in the right place. This guide covers everything you need to know about working as a Actuary in Austin, TX.
We'll show you what you can expect to earn. We'll also share which companies are hiring. Plus, you'll learn about the cost of living and how to get started in your job search.
Austin has a strong job market for Actuarys. Many employers are actively looking for talent. Read on to learn how to land your next role.
Actuary Salary in Austin
Actuary salaries in Austin are in line with national averages, offering competitive compensation for the region.
Purchasing power in Austin is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Actuary Job Market in Austin
Austin, TX is one of America's premier job markets for Actuary professionals. As a mid-sized metro with 979K residents, Austin balances career opportunities with quality of life. While Technology leads the local economy, there's growing demand for Actuary roles across various sectors. The market for Actuary positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Actuarys in Austin
Major employers hiring Actuarys in Austin include Charles Schwab, USAA, Dimensional Fund Advisors, Q2. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Actuarys in Austin
Living in Austin as a Actuary means navigating a cost of living that's slightly above the national average. Average rent for a 1-bedroom apartment is approximately $1,800/month. At median Actuary salary, housing is quite affordable at 17% of gross income, leaving room for savings and lifestyle spending. Suburban apartments average $1,400/month, offering significant savings with slightly longer commutes.
Commuting as a Actuary in Austin
Austin Limited rail, bus system; very car-dependent city. The average commute time is 26 minutes. Austin traffic has gotten worse with population growth. Living close to work or in urban core reduces commute stress. Since transit options are limited, consider living close to your workplace or negotiating flexible hours to avoid peak traffic.
Best neighborhoods for Actuarys in Austin: Downtown (Oracle, Google, and tech headquarters); East Austin (Creative tech and startup scene); Domain (Apple, Amazon, and tech campus development). Downtown is particularly popular among Actuary professionals due to proximity to major employers and urban amenities.
Tax Considerations in Texas
Texas has no state income tax. Compared to a state with 5% income tax, a Actuary earning $128,750 would save approximately $6,438 annually. This makes Austin attractive for high earners, though property taxes and sales tax help fund state services.
Career Outlook for Actuarys
The job outlook for Actuarys in Austin is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. As a Tier 1 market, Austin typically has more openings but also more competition from experienced professionals. In-demand skills include Statistical Analysis, Risk Modeling, Financial Mathematics, Excel.
Relocating to Austin
Texas has no state income tax, which can add thousands to your annual take-home pay compared to high-tax states like California or New York. Be prepared for hot summers. Air conditioning is essential, and outdoor activities shift to mornings and evenings during summer months.
Frequently Asked Questions
What is the average Actuary salary in Austin, TX?
The average Actuary salary in Austin, TX is $128,750 per year. Entry-level Actuarys typically start around $78,795, while experienced professionals can earn $189,520 or more. The national average for Actuary roles is $125,000.
How many Actuary jobs are available in Austin?
Austin has a robust job market with hundreds of openings for Actuary professionals. Major employers hiring Actuarys include Charles Schwab, USAA, Dimensional Fund Advisors, Q2. The Technology and Government sectors drive much of the demand in this market.
Is Austin a good city for Actuarys?
Austin is an excellent choice for Actuarys. As a major metro area, it offers abundant opportunities and competitive salaries. The cost of living is reasonable compared to major coastal cities. The city's technology industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Actuarys in Austin?
Top skills for Actuarys in Austin include Statistical Analysis, Risk Modeling, Financial Mathematics, Excel, Programming. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Actuarys in Austin?
Austin's cost of living is near the national average (103% of baseline). Average rent for a 1-bedroom apartment is approximately $1,800/month. Purchasing power in Austin is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Actuarys in Austin?
Austin Limited rail, bus system; very car-dependent city. The average commute is 26 minutes. Austin traffic has gotten worse with population growth.