Business & Finance South Portland, ME Pop. 25,665

Actuary Salary in South Portland, Maine

The median actuary salary in South Portland, ME is $119,690 per year, which is 5.0% above the national median and 7.1% above the Maine state average.

City Median
$119,690
vs State Avg
+$7,980
vs National
+$5,700
Cost of Living
105%

Actuary Salary in South Portland by Experience

In South Portland, an entry-level actuary earns around $73,500, while experienced professionals earn up to $183,750 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$73,500
+$3,500 vs national
Mid Level (3-7 yrs)
$120,750
+$5,750 vs national
Senior Level (8+ yrs)
$183,750
+$8,750 vs national

Salary Percentiles in South Portland, ME

Percentile South Portland
10th Percentile $71,820
25th Percentile $91,560
Median (50th) $119,690
75th Percentile $158,550
90th Percentile $205,811

Actuary Salary in Other Maine Cities

Portland, ME
$123,109
Pop. 68,408
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 South Portland

Education

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

Find Actuary Jobs in South Portland

Browse open actuary positions in South Portland, ME:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in South Portland

How much does a Actuary make in South Portland, ME? ▼
The median actuary salary in South Portland, Maine is $119,690 per year, which is 5.0% above the national median of $113,990. Salaries range from $71,820 (10th percentile) to $205,811 (90th percentile).
How much does a Actuary make per hour in South Portland? ▼
Based on the median annual salary of $119,690, a actuary in South Portland earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does South Portland compare to the Maine state average for actuary pay? ▼
South Portland's median actuary salary of $119,690 is 7.1% above the Maine state average of $111,710. The local cost of living index is 105% of the national average.
What is the cost of living in South Portland, ME? ▼
South Portland has a cost of living index of 105% compared to the national average. This means a actuary salary of $119,690 in South Portland has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in South Portland? ▼
Most actuary positions in South 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.