Business & Finance Columbia, MD Pop. 104,681

Actuary Salary in Columbia, Maryland

The median actuary salary in Columbia, MD is $140,208 per year, which is 23.0% above the national median and 7.0% above the Maryland state average.

City Median
$140,208
vs State Avg
+$9,119
vs National
+$26,218
Cost of Living
118%

Actuary Salary in Columbia by Experience

In Columbia, an entry-level actuary earns around $86,100, while experienced professionals earn up to $215,250 per year. The local cost of living index is 118% of the national average.

Entry Level (0-2 yrs)
$86,100
+$16,100 vs national
Mid Level (3-7 yrs)
$141,450
+$26,450 vs national
Senior Level (8+ yrs)
$215,250
+$40,250 vs national

Salary Percentiles in Columbia, MD

Percentile Columbia
10th Percentile $84,132
25th Percentile $107,256
Median (50th) $140,208
75th Percentile $185,730
90th Percentile $241,092

Actuary Salary in Other Maryland Cities

Silver Spring, MD
$144,767
Pop. 81,015
Germantown, MD
$136,788
Pop. 90,676
Baltimore, MD
$128,809
Pop. 585,708
Waldorf, MD
$125,389
Pop. 77,000

How to Become a Actuary in Columbia

Education

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