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.

Find Actuary Jobs in Baltimore

Browse open actuary positions in Baltimore, MD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Baltimore

How much does a Actuary make in Baltimore, MD? ▼
The median actuary salary in Baltimore, Maryland is $128,809 per year, which is 13.0% above the national median of $113,990. Salaries range from $77,292 (10th percentile) to $221,491 (90th percentile).
How much does a Actuary make per hour in Baltimore? ▼
Based on the median annual salary of $128,809, a actuary in Baltimore earns approximately $62 per hour assuming a standard 2,080-hour work year.
How does Baltimore compare to the Maryland state average for actuary pay? ▼
Baltimore's median actuary salary of $128,809 is 1.7% below the Maryland state average of $131,089. The local cost of living index is 108% of the national average.
What is the cost of living in Baltimore, MD? ▼
Baltimore has a cost of living index of 108% compared to the national average. This means a actuary salary of $128,809 in Baltimore has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Baltimore? ▼
Most actuary positions in Baltimore 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.