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 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

Salary Percentiles in Maine

Percentile	ME Salary	National	Difference
10th Percentile	$67,032	$68,400	$-1,368
25th Percentile	$85,456	$87,200	$-1,744
Median (50th)	$111,710	$113,990	$-2,280
75th Percentile	$147,980	$151,000	$-3,020
90th Percentile	$192,090	$196,010	$-3,920

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.

Portland, ME

$123,109

Pop. 68,408 · COL 108%

Lewiston, ME

$102,591

Pop. 37,121 · COL 90%

Bangor, ME

$104,871

Pop. 32,029 · COL 92%

South Portland, ME

$119,690

Pop. 25,665 · COL 105%

Auburn, ME

$101,451

Pop. 23,926 · COL 89%

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.