Business & Finance Maryland (MD) Rank #8 of 50

Actuary Salary in Maryland

The median actuary salary in Maryland is $131,089 per year, which is 15.0% above the national median of $113,990.

Median Salary
$131,089
vs National
+$17,099
State Rank
#8 of 50
Cost of Living
110%

Actuary Salary Overview in Maryland (2026)

Maryland ranks #8 out of 50 states for actuary compensation. This places Maryland in the top tier nationally, making it one of the best states for actuarys seeking high pay. At $131,089 per year, actuarys in Maryland earn $17,099 more than the national median of $113,990.

It's worth noting that Maryland's cost of living is 110% of the national average, which reduces the real purchasing power of the $131,089 salary. After adjusting for cost of living, the effective salary is closer to $119,172.

The salary spread in Maryland is significant: actuarys at the 10th percentile earn $78,660, while those at the 90th percentile bring home $225,412 — a $146,752 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Maryland for this role is Silver Spring, where the median reaches $144,767.

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 Maryland and beyond.

Actuary Salary in Maryland by Experience

In Maryland, an entry-level actuary earns around $80,500, while experienced professionals earn up to $201,250 per year. The cost of living index in Maryland is 110% of the national average.

Entry Level (0-2 yrs)
$80,500
+$10,500 vs national
Mid Level (3-7 yrs)
$132,250
+$17,250 vs national
Senior Level (8+ yrs)
$201,250
+$26,250 vs national

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Salary Percentiles in Maryland

Percentile MD Salary
10th Percentile $78,660
25th Percentile $100,280
Median (50th) $131,089
75th Percentile $173,650
90th Percentile $225,412

Actuary Salary by City in Maryland

The largest employment areas for actuarys in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries vary by city based on local cost of living and demand.

How to Become a Actuary in Maryland

Education

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

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook in Maryland

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

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Frequently Asked Questions: Actuary Salary in Maryland

How much does a Actuary make in Maryland? ▼
The median actuary salary in Maryland is $131,089 per year, which is 15.0% above the national median of $113,990. Salaries range from $78,660 (10th percentile) to $225,412 (90th percentile).
How much does a Actuary make per hour in Maryland? ▼
Based on the median annual salary of $131,089, a actuary in Maryland earns approximately $63 per hour assuming a standard 2,080-hour work year.
Is Maryland a good state for actuarys? ▼
Maryland ranks #8 out of 50 states for actuary pay. The cost of living index is 110% of the national average. Entry-level actuarys earn $80,500, while senior professionals earn $201,250.
How does Maryland compare to other states for actuary salary? ▼
The highest paying state for actuarys is Hawaii at $193,783. Maryland's median of $131,089 ranks #8 nationally. Nearby-ranked states include New Jersey ($140,208) and Connecticut ($136,788).
What is the entry-level actuary salary in Maryland? ▼
An entry-level actuary in Maryland earns approximately $80,500 per year. With 3-7 years of experience, pay increases to around $132,250. Senior-level professionals with 8+ years earn up to $201,250.
What city in Maryland pays actuarys the most? ▼
Silver Spring is the highest paying city in Maryland for actuarys, with a median salary of $144,767. Other cities include Baltimore and Columbia.