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

Major Cities for Actuarys in Maine

The largest employment areas for actuarys in Maine include Portland, Lewiston, Bangor, and South Portland. Salaries in major metro areas may be higher due to increased demand and cost of living.

Portland, ME
Metro area for actuary employment
Lewiston, ME
Metro area for actuary employment
Bangor, ME
Metro area for actuary employment
South Portland, ME
Metro area for actuary employment
Auburn, ME
Metro area for actuary employment

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.