Business & Finance Maine (ME) Rank #21 of 50

Actuary Salary in Maine

The median actuary salary in Maine is $111,710 per year, which is 2% below the national median of $113,990.

Median Salary
$111,710
vs National
$-2,280
State Rank
#21 of 50
Cost of Living
98%

Actuary Salary Overview in Maine (2026)

Maine ranks #21 out of 50 states for actuary compensation. Maine falls in the middle of the pack for actuary pay, offering salaries near the national average. At $111,710 per year, actuarys in Maine earn $2,280 less than the national median of $113,990.

Maine's cost of living is near the national average at 98%, meaning actuary salaries here translate closely to their face value in purchasing power.

The salary spread in Maine is significant: actuarys at the 10th percentile earn $67,032, while those at the 90th percentile bring home $192,090 — a $125,058 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Maine for this role is Portland, where the median reaches $123,109.

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in Maine and beyond.

Actuary Salary in Maine by Experience

In Maine, an entry-level actuary earns around $68,600, while experienced professionals earn up to $171,500 per year. The cost of living index in Maine is 98% of the national average.

Entry Level (0-2 yrs)
$68,600
$-1,400 vs national
Mid Level (3-7 yrs)
$112,700
$-2,300 vs national
Senior Level (8+ yrs)
$171,500
$-3,500 vs national

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Salary Percentiles in Maine

Percentile ME Salary
10th Percentile $67,032
25th Percentile $85,456
Median (50th) $111,710
75th Percentile $147,980
90th Percentile $192,090

Actuary Salary by City in Maine

The largest employment areas for actuarys in Maine include Portland, Lewiston, Bangor, and South Portland. Salaries vary by city based on local cost of living and demand.

How to Become a Actuary in Maine

Education

Most actuary positions require a bachelor's degree. Maine has several accredited institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook in Maine

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Maine's demand may vary based on local industry trends.

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Frequently Asked Questions: Actuary Salary in Maine

How much does a Actuary make in Maine? ▼
The median actuary salary in Maine is $111,710 per year, which is 2% below the national median of $113,990. Salaries range from $67,032 (10th percentile) to $192,090 (90th percentile).
How much does a Actuary make per hour in Maine? ▼
Based on the median annual salary of $111,710, a actuary in Maine earns approximately $54 per hour assuming a standard 2,080-hour work year.
Is Maine a good state for actuarys? ▼
Maine ranks #21 out of 50 states for actuary pay. The cost of living index is 98% of the national average. Entry-level actuarys earn $68,600, while senior professionals earn $171,500.
How does Maine compare to other states for actuary salary? ▼
The highest paying state for actuarys is Hawaii at $193,783. Maine's median of $111,710 ranks #21 nationally. Nearby-ranked states include Minnesota ($112,850) and Florida ($111,710).
What is the entry-level actuary salary in Maine? ▼
An entry-level actuary in Maine earns approximately $68,600 per year. With 3-7 years of experience, pay increases to around $112,700. Senior-level professionals with 8+ years earn up to $171,500.
What city in Maine pays actuarys the most? ▼
Portland is the highest paying city in Maine for actuarys, with a median salary of $123,109. Other cities include Lewiston and Bangor.