Actuarial Science Degree in Hammond, IN — Salary & ROI 2026
Actuarial Science degree analysis for Hammond, IN. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$47K
COL-adjusted
Mid-Career
$112K
COL-adjusted
ROI Payback
7 yrs
in Hammond
Cost of Living
93.1
index (100 = avg)
Actuarial Science in Hammond, IN Overview
While Hammond has a smaller college scene with 4 institutions, Actuarial Science students benefit from lower tuition costs. Room and board averages $14,156/year, and the car-friendly layout shapes the student experience. Actuarial Science enrollment is stable nationwide, with steady demand for graduates skilled in Probability and Risk Assessment. The adjusted starting salary in Hammond is approximately $46,550, growing to $111,720 by mid-career.
Category
STEM
Local Colleges
4
Public Tuition
$10,200/yr
Private Tuition
$34,000/yr
Room & Board
$14,156/yr
Avg Fin. Aid
$8,320/yr
Unemployment
2.5%
Graduation Rate
61%
Actuarial Science Salary in Hammond (COL-Adjusted)
Salaries adjusted for Hammond's cost of living index of 93.1 (national average = 100).
Note: National average Actuarial Science salary: $50,000 starting, $120,000 mid-career, $155,000 senior level.Hammond adjustment factor: 0.93x based on the local cost of living index.
Actuarial Science ROI Calculator for Hammond
Estimate your return on investment for a Actuarial Science degree using local Hammond tuition and cost of living data.
Public avg: $10,200 | Private avg: $34,000
Hammond avg aid: $8,320/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$97,424
tuition + room & board - aid
Annual Earnings Premium
$13,965
vs HS diploma in Hammond
ROI Payback Period
7 years
to break even
Lifetime Return in Hammond
$880,126
Lifetime earnings premium ($977,550) minus total education cost ($97,424)
Student Loan Payoff for Actuarial Science in Hammond
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Hammond for Actuarial Science
Hammond State University
public
$10,029/yr
$40,116 total
Community Colleges (2-Year Transfer)
Hammond Community College
$5,524/yr
Top Employers for Actuarial Science in Hammond
Hammond offers opportunities in Tech companies, Research labs, Government agencies for Actuarial Science graduates. National top employers in this field include:
Key Hammond Hiring Sectors for STEM
Tech companies
Research labs
Government agencies
Startups
Consulting firms
Common Actuarial Science Job Titles
Actuarial Science in Nearby Indiana Cities
Indianapolis, IN
$47K starting · COL 94
25 colleges
Fort Wayne, IN
$52K starting · COL 103
24 colleges
Evansville, IN
$43K starting · COL 86
10 colleges
South Bend, IN
$45K starting · COL 89
9 colleges
Carmel, IN
$53K starting · COL 105.2
4 colleges
Fishers, IN
$50K starting · COL 100.5
4 colleges
Bloomington, IN
$42K starting · COL 83
5 colleges
Lafayette, IN
$42K starting · COL 84.8
3 colleges
Other STEM Majors in Hammond
Prompt Engineering
$47K starting · 1.5 yr ROI
Computational Linguistics
$88K starting · 2 yr ROI
Computer Science
$79K starting · 2.8 yr ROI
Software Engineering
$82K starting · 2.7 yr ROI
Data Science
$76K starting · 3 yr ROI
Cybersecurity
$74K starting · 3 yr ROI
Robotics Engineering
$47K starting · 3 yr ROI
Applied Mathematics
$47K starting · 3.5 yr ROI
Actuarial Science Degree in Hammond — FAQ
Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.
Explore More
Compare Actuarial Science ROI in other cities, or explore other majors in Hammond.