Actuary Salary
Actuaries use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty, primarily in the insurance and pension industries.
Actuary Salary by Experience Level
Entry-level actuarys earn around $70,000 per year, while mid-career professionals earn $115,000. Senior-level actuarys can earn $175,000 or more.
Salary Percentile Breakdown
The salary range for actuarys varies significantly. The bottom 10% earn $68,400, while the top 10% earn $196,010.
| Percentile | Annual Salary |
|---|---|
| 10th Percentile | $68,400 |
| 25th Percentile | $87,200 |
| 50th Percentile (Median) | $113,990 |
| 75th Percentile | $151,000 |
| 90th Percentile | $196,010 |
Actuary Salary by State
Actuary salaries vary significantly by state due to cost of living, demand, and industry concentration. The highest paying state is Hawaii at $193,783, while Mississippi offers the lowest at $94,612.
| State | Median | |
|---|---|---|
| #1 Hawaii | $193,783 | Details → |
| #2 Massachusetts | $161,866 | Details → |
| #3 California | $157,306 | Details → |
| #4 New York | $152,747 | Details → |
| #5 Alaska | $141,348 | Details → |
| #6 New Jersey | $140,208 | Details → |
| #7 Connecticut | $136,788 | Details → |
| #8 Maryland | $131,089 | Details → |
| #9 Washington | $131,089 | Details → |
| #10 Oregon | $125,389 | Details → |
| #11 Virginia | $124,249 | Details → |
| #12 New Hampshire | $121,969 | Details → |
| #13 Rhode Island | $121,969 | Details → |
| #14 Delaware | $120,829 | Details → |
| #15 Colorado | $119,690 | Details → |
| #16 Illinois | $115,130 | Details → |
| #17 Vermont | $115,130 | Details → |
| #18 Pennsylvania | $113,990 | Details → |
| #19 Minnesota | $112,850 | Details → |
| #20 Florida | $111,710 | Details → |
| #21 Maine | $111,710 | Details → |
| #22 Arizona | $110,570 | Details → |
| #23 Nevada | $110,570 | Details → |
| #24 Utah | $110,570 | Details → |
| #25 Georgia | $108,291 | Details → |
| #26 Montana | $108,291 | Details → |
| #27 North Carolina | $108,291 | Details → |
| #28 Idaho | $107,151 | Details → |
| #29 New Mexico | $106,011 | Details → |
| #30 Nebraska | $104,871 | Details → |
| #31 Texas | $104,871 | Details → |
| #32 Wisconsin | $104,871 | Details → |
| #33 Wyoming | $104,871 | Details → |
| #34 Louisiana | $103,731 | Details → |
| #35 Indiana | $102,591 | Details → |
| #36 Michigan | $102,591 | Details → |
| #37 North Dakota | $102,591 | Details → |
| #38 Ohio | $102,591 | Details → |
| #39 Iowa | $101,451 | Details → |
| #40 South Carolina | $101,451 | Details → |
| #41 Tennessee | $101,451 | Details → |
| #42 Missouri | $100,311 | Details → |
| #43 South Dakota | $100,311 | Details → |
| #44 Alabama | $99,171 | Details → |
| #45 Kansas | $99,171 | Details → |
| #46 Kentucky | $99,171 | Details → |
| #47 Oklahoma | $98,031 | Details → |
| #48 Arkansas | $95,752 | Details → |
| #49 West Virginia | $95,752 | Details → |
| #50 Mississippi | $94,612 | Details → |
Key Responsibilities
- ● Analyze statistical data to estimate probability and risk
- ● Design insurance policies and pension plans
- ● Calculate premium rates and reserve requirements
- ● Prepare reports and present findings to stakeholders
- ● Ensure compliance with government regulations
Top Skills
Education Required
Bachelor's degree
Job Outlook
Much faster than average — projected 21% growth over the next decade