Actuary Jobs in Cincinnati, OH
About Actuary Jobs in Cincinnati
Looking for a Actuary job in Cincinnati? You're in the right place. This guide covers everything you need to know about working as a Actuary in Cincinnati, OH.
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.
Cincinnati 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 Cincinnati
Actuary salaries in Cincinnati are in line with national averages, offering competitive compensation for the region.
Purchasing power in Cincinnati is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Actuary Job Market in Cincinnati
Cincinnati, OH is a major regional employment hub for Actuary professionals. Though smaller than coastal metros, Cincinnati offers focused opportunities and often better work-life balance. The city's strong Finance and Healthcare 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 Cincinnati
Major employers hiring Actuarys in Cincinnati include Fifth Third Bank, Western & Southern, American Financial Group, Great American Insurance. 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 Cincinnati
Living in Cincinnati 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 $1,200/month (33% below the national average). At median Actuary salary, housing is quite affordable at 13% of gross income, leaving room for savings and lifestyle spending. Suburban apartments average $950/month, offering significant savings with slightly longer commutes.
Commuting as a Actuary in Cincinnati
Cincinnati 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 Cincinnati: 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 Ohio
Ohio has moderate state income taxes. When evaluating offers, consider total compensation including benefits, not just base salary. Local cost of living typically has more impact on your finances than state tax differences.
Career Outlook for Actuarys
The job outlook for Actuarys in Cincinnati is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. Cincinnati's growing economy creates new positions regularly, often with less competition than coastal tech hubs. In-demand skills include Statistical Analysis, Risk Modeling, Financial Mathematics, Excel.
Relocating to Cincinnati
Cincinnati'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.
Frequently Asked Questions
What is the average Actuary salary in Cincinnati, OH?
The average Actuary salary in Cincinnati, OH is $113,750 per year. Entry-level Actuarys typically start around $69,615, while experienced professionals can earn $167,440 or more. The national average for Actuary roles is $125,000.
How many Actuary jobs are available in Cincinnati?
Cincinnati has a strong job market with regular openings for Actuary professionals. Major employers hiring Actuarys include Fifth Third Bank, Western & Southern, American Financial Group, Great American Insurance. The Finance and Healthcare sectors drive much of the demand in this market.
Is Cincinnati a good city for Actuarys?
Cincinnati is an very good choice for Actuarys. As a major metro area, it offers abundant opportunities and competitive salaries. The affordable cost of living means salaries go further than in more expensive markets. The city's finance industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Actuarys in Cincinnati?
Top skills for Actuarys in Cincinnati 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 Cincinnati?
Cincinnati's cost of living is near the national average (91% of baseline). Average rent for a 1-bedroom apartment is approximately $1,200/month. Purchasing power in Cincinnati is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Actuarys in Cincinnati?
Cincinnati Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.
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