Business & Finance Silver Spring, MD Pop. 81,015

Actuary Salary in Silver Spring, Maryland

The median actuary salary in Silver Spring, MD is $144,767 per year, which is 27.0% above the national median and 10.4% above the Maryland state average.

City Median
$144,767
vs State Avg
+$13,678
vs National
+$30,777
Cost of Living
122%

Actuary Salary in Silver Spring by Experience

In Silver Spring, an entry-level actuary earns around $88,900, while experienced professionals earn up to $222,250 per year. The local cost of living index is 122% of the national average.

Entry Level (0-2 yrs)
$88,900
+$18,900 vs national
Mid Level (3-7 yrs)
$146,050
+$31,050 vs national
Senior Level (8+ yrs)
$222,250
+$47,250 vs national

Salary Percentiles in Silver Spring, MD

Percentile Silver Spring
10th Percentile $86,868
25th Percentile $110,744
Median (50th) $144,767
75th Percentile $191,770
90th Percentile $248,933

Actuary Salary in Other Maryland Cities

Columbia, MD
$140,208
Pop. 104,681
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 Silver Spring

Education

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

Find Actuary Jobs in Silver Spring

Browse open actuary positions in Silver Spring, MD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Silver Spring

How much does a Actuary make in Silver Spring, MD? ▼
The median actuary salary in Silver Spring, Maryland is $144,767 per year, which is 27.0% above the national median of $113,990. Salaries range from $86,868 (10th percentile) to $248,933 (90th percentile).
How much does a Actuary make per hour in Silver Spring? ▼
Based on the median annual salary of $144,767, a actuary in Silver Spring earns approximately $70 per hour assuming a standard 2,080-hour work year.
How does Silver Spring compare to the Maryland state average for actuary pay? ▼
Silver Spring's median actuary salary of $144,767 is 10.4% above the Maryland state average of $131,089. The local cost of living index is 122% of the national average.
What is the cost of living in Silver Spring, MD? ▼
Silver Spring has a cost of living index of 122% compared to the national average. This means a actuary salary of $144,767 in Silver Spring has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Silver Spring? ▼
Most actuary positions in Silver Spring 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.