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 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
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.