Business & Finance Baltimore, MD Pop. 585,708

Actuary Salary in Baltimore, Maryland

The median actuary salary in Baltimore, MD is $128,809 per year, which is 13.0% above the national median and 1.7% below the Maryland state average.

City Median
$128,809
vs State Avg
$-2,280
vs National
+$14,819
Cost of Living
108%

Actuary Salary in Baltimore by Experience

In Baltimore, an entry-level actuary earns around $79,100, while experienced professionals earn up to $197,750 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$79,100
+$9,100 vs national
Mid Level (3-7 yrs)
$129,950
+$14,950 vs national
Senior Level (8+ yrs)
$197,750
+$22,750 vs national

Salary Percentiles in Baltimore, MD

Percentile Baltimore
10th Percentile $77,292
25th Percentile $98,536
Median (50th) $128,809
75th Percentile $170,630
90th Percentile $221,491

Actuary Salary in Other Maryland Cities

Silver Spring, MD
$144,767
Pop. 81,015
Columbia, MD
$140,208
Pop. 104,681
Germantown, MD
$136,788
Pop. 90,676
Waldorf, MD
$125,389
Pop. 77,000

How to Become a Actuary in Baltimore

Education

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