Business & Finance Waldorf, MD Pop. 77,000

Actuary Salary in Waldorf, Maryland

The median actuary salary in Waldorf, MD is $125,389 per year, which is 10.0% above the national median and 4.3% below the Maryland state average.

City Median
$125,389
vs State Avg
$-5,700
vs National
+$11,399
Cost of Living
105%

Actuary Salary in Waldorf by Experience

In Waldorf, an entry-level actuary earns around $77,000, while experienced professionals earn up to $192,500 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$77,000
+$7,000 vs national
Mid Level (3-7 yrs)
$126,500
+$11,500 vs national
Senior Level (8+ yrs)
$192,500
+$17,500 vs national

Salary Percentiles in Waldorf, MD

Percentile Waldorf
10th Percentile $75,240
25th Percentile $95,920
Median (50th) $125,389
75th Percentile $166,100
90th Percentile $215,611

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
Baltimore, MD
$128,809
Pop. 585,708

How to Become a Actuary in Waldorf

Education

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