Business & Finance Portland, ME Pop. 68,408

Actuary Salary in Portland, Maine

The median actuary salary in Portland, ME is $123,109 per year, which is 8.0% above the national median and 10.2% above the Maine state average.

City Median
$123,109
vs State Avg
+$11,399
vs National
+$9,119
Cost of Living
108%

Actuary Salary in Portland by Experience

In Portland, an entry-level actuary earns around $75,600, while experienced professionals earn up to $189,000 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$75,600
+$5,600 vs national
Mid Level (3-7 yrs)
$124,200
+$9,200 vs national
Senior Level (8+ yrs)
$189,000
+$14,000 vs national

Salary Percentiles in Portland, ME

Percentile Portland
10th Percentile $73,872
25th Percentile $94,176
Median (50th) $123,109
75th Percentile $163,080
90th Percentile $211,691

Actuary Salary in Other Maine Cities

South Portland, ME
$119,690
Pop. 25,665
Bangor, ME
$104,871
Pop. 32,029
Lewiston, ME
$102,591
Pop. 37,121
Auburn, ME
$101,451
Pop. 23,926

How to Become a Actuary in Portland

Education

Most actuary positions require a bachelor's degree. Portland and the surrounding Maine 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 Portland may vary based on local industry and population growth.

Find Actuary Jobs in Portland

Browse open actuary positions in Portland, ME:

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Frequently Asked Questions: Actuary Salary in Portland

How much does a Actuary make in Portland, ME? ▼
The median actuary salary in Portland, Maine is $123,109 per year, which is 8.0% above the national median of $113,990. Salaries range from $73,872 (10th percentile) to $211,691 (90th percentile).
How much does a Actuary make per hour in Portland? ▼
Based on the median annual salary of $123,109, a actuary in Portland earns approximately $59 per hour assuming a standard 2,080-hour work year.
How does Portland compare to the Maine state average for actuary pay? ▼
Portland's median actuary salary of $123,109 is 10.2% above the Maine state average of $111,710. The local cost of living index is 108% of the national average.
What is the cost of living in Portland, ME? ▼
Portland has a cost of living index of 108% compared to the national average. This means a actuary salary of $123,109 in Portland has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Portland? ▼
Most actuary positions in Portland 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.