Business & Finance Fairbanks, AK Pop. 32,325

Actuary Salary in Fairbanks, Alaska

The median actuary salary in Fairbanks, AK is $148,187 per year, which is 30.0% above the national median and 4.8% above the Alaska state average.

City Median
$148,187
vs State Avg
+$6,839
vs National
+$34,197
Cost of Living
130%

Actuary Pay in Fairbanks: What to Expect (2026)

Fairbanks offers a median actuary salary of $148,187, which is $6,839 above the Alaska state average of $141,348. Compared to the national median of $113,990, Fairbanks pays above average for this role.

However, Fairbanks's cost of living index is 130%, significantly above the national average. After adjusting for local costs, the $148,187 salary has an effective purchasing power of approximately $113,990. Housing, transportation, and food costs in Fairbanks should be factored into any relocation or job-change decision.

The salary range for actuarys in Fairbanks spans from $88,920 at the 10th percentile to $254,813 at the 90th percentile — a $165,893 spread. Entry-level professionals start around $91,000, while senior actuarys with 8+ years of experience can earn up to $227,500. Fairbanks is a smaller market (pop. 32,325), which may mean fewer openings but also less competition for available positions.

Actuary Salary in Fairbanks by Experience

In Fairbanks, an entry-level actuary earns around $91,000, while experienced professionals earn up to $227,500 per year. The local cost of living index is 130% of the national average.

Entry Level (0-2 yrs)
$91,000
+$21,000 vs national
Mid Level (3-7 yrs)
$149,500
+$34,500 vs national
Senior Level (8+ yrs)
$227,500
+$52,500 vs national

Salary Percentiles in Fairbanks, AK

Percentile Fairbanks
10th Percentile $88,920
25th Percentile $113,360
Median (50th) $148,187
75th Percentile $196,300
90th Percentile $254,813

Actuary Salary in Other Alaska Cities

Juneau, AK
$153,887
Pop. 32,255
Sitka, AK
$150,467
Pop. 8,458
Anchorage, AK
$143,627
Pop. 291,247
Wasilla, AK
$134,508
Pop. 12,000

How to Become a Actuary in Fairbanks

Education

Most actuary positions require a bachelor's degree. Fairbanks and the surrounding Alaska area have institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Demand in Fairbanks may vary based on local industry and population growth.

Find Actuary Jobs in Fairbanks

Browse open actuary positions in Fairbanks, AK:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Fairbanks

How much does a Actuary make in Fairbanks, AK? ▼
The median actuary salary in Fairbanks, Alaska is $148,187 per year, which is 30.0% above the national median of $113,990. Salaries range from $88,920 (10th percentile) to $254,813 (90th percentile).
How much does a Actuary make per hour in Fairbanks? ▼
Based on the median annual salary of $148,187, a actuary in Fairbanks earns approximately $71 per hour assuming a standard 2,080-hour work year.
How does Fairbanks compare to the Alaska state average for actuary pay? ▼
Fairbanks's median actuary salary of $148,187 is 4.8% above the Alaska state average of $141,348. The local cost of living index is 130% of the national average.
What is the cost of living in Fairbanks, AK? ▼
Fairbanks has a cost of living index of 130% compared to the national average. This means a actuary salary of $148,187 in Fairbanks has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Fairbanks? ▼
Most actuary positions in Fairbanks require a bachelor's degree. Key skills include Statistical Modeling, Risk Assessment, Financial Mathematics, Excel/VBA. The job market is projected to grow 21% nationally over the next decade.