Actuary Jobs in Des Moines, IA
About Actuary Jobs in Des Moines
Looking for a Actuary job in Des Moines? You're in the right place. This guide covers everything you need to know about working as a Actuary in Des Moines, IA.
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.
Des Moines 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 Des Moines
Actuary salaries in Des Moines are in line with national averages, offering competitive compensation for the region.
Purchasing power in Des Moines is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Actuary Job Market in Des Moines
Des Moines, IA is a growing job market with increasing opportunities for Actuary professionals. Though smaller than coastal metros, Des Moines offers focused opportunities and often better work-life balance. The city's strong Insurance and Finance sectors create robust demand for Actuary talent. The market for Actuary positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Actuarys in Des Moines
Major employers hiring Actuarys in Des Moines include Regional banks, Credit unions, National financial services. The strong financial services presence creates consistent demand for experienced Actuary professionals, with competitive compensation packages. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Actuarys in Des Moines
Living in Des Moines as a Actuary means navigating a cost of living that's close to the national average. Average rent for a 1-bedroom apartment is approximately $1,800/month. At median Actuary salary, housing is quite affordable at 19% 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 Des Moines
Des Moines Limited public transit options; car recommended for most commutes. The average commute time is 25 minutes. Research employer-specific shuttle services. Consider living close to your workplace. Since transit options are limited, consider living close to your workplace or negotiating flexible hours to avoid peak traffic.
Best neighborhoods for Actuarys in Des Moines: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Actuary professionals due to proximity to major employers and urban amenities.
Tax Considerations in Iowa
Iowa has relatively high state income taxes. A Actuary earning $115,000 might pay approximately $9,200 in state income tax. However, Iowa's strong job market and quality of life often offset the higher tax burden.
Career Outlook for Actuarys
The job outlook for Actuarys in Des Moines is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. While the market is smaller, Des Moines offers opportunities for those seeking specialized roles or better work-life balance. In-demand skills include Statistical Analysis, Risk Modeling, Financial Mathematics, Excel.
Relocating to Des Moines
Des Moines's affordable cost of living means your Actuary salary will stretch further than in major coastal cities. Many professionals relocate here for better quality of life. Iowa has higher state income taxes. Factor this into salary negotiations, as gross salary comparisons can be misleading.
Frequently Asked Questions
What is the average Actuary salary in Des Moines, IA?
The average Actuary salary in Des Moines, IA is $115,000 per year. Entry-level Actuarys typically start around $70,380, while experienced professionals can earn $169,280 or more. The national average for Actuary roles is $125,000.
How many Actuary jobs are available in Des Moines?
Des Moines has a growing job market with steady opportunities for Actuary professionals. Major employers hiring Actuarys include Regional banks, Credit unions, National financial services. The Insurance and Finance sectors drive much of the demand in this market.
Is Des Moines a good city for Actuarys?
Des Moines is an solid choice for Actuarys. While not as large as coastal metros, it offers solid opportunities and often better work-life balance. The affordable cost of living means salaries go further than in more expensive markets. The city's insurance industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Actuarys in Des Moines?
Top skills for Actuarys in Des Moines 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 Des Moines?
Des Moines's cost of living is near the national average (92% of baseline). Average rent for a 1-bedroom apartment is approximately $1,800/month. Purchasing power in Des Moines is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Actuarys in Des Moines?
Des Moines Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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