Business & Finance Albuquerque, NM Pop. 564,559

Actuary Salary in Albuquerque, New Mexico

The median actuary salary in Albuquerque, NM is $108,291 per year, which is 5% below the national median and 2.2% above the New Mexico state average.

City Median
$108,291
vs State Avg
+$2,280
vs National
$-5,699
Cost of Living
95%

Actuary Salary in Albuquerque by Experience

In Albuquerque, an entry-level actuary earns around $66,500, while experienced professionals earn up to $166,250 per year. The local cost of living index is 95% of the national average.

Entry Level (0-2 yrs)
$66,500
$-3,500 vs national
Mid Level (3-7 yrs)
$109,250
$-5,750 vs national
Senior Level (8+ yrs)
$166,250
$-8,750 vs national

Salary Percentiles in Albuquerque, NM

Percentile Albuquerque
10th Percentile $64,980
25th Percentile $82,840
Median (50th) $108,291
75th Percentile $143,450
90th Percentile $186,210

Actuary Salary in Other New Mexico Cities

Santa Fe, NM
$125,389
Pop. 87,505
Rio Rancho, NM
$104,871
Pop. 104,046
Las Cruces, NM
$100,311
Pop. 111,385
Roswell, NM
$93,472
Pop. 48,422

How to Become a Actuary in Albuquerque

Education

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

Find Actuary Jobs in Albuquerque

Browse open actuary positions in Albuquerque, NM:

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Frequently Asked Questions: Actuary Salary in Albuquerque

How much does a Actuary make in Albuquerque, NM? ▼
The median actuary salary in Albuquerque, New Mexico is $108,291 per year, which is 5% below the national median of $113,990. Salaries range from $64,980 (10th percentile) to $186,210 (90th percentile).
How much does a Actuary make per hour in Albuquerque? ▼
Based on the median annual salary of $108,291, a actuary in Albuquerque earns approximately $52 per hour assuming a standard 2,080-hour work year.
How does Albuquerque compare to the New Mexico state average for actuary pay? ▼
Albuquerque's median actuary salary of $108,291 is 2.2% above the New Mexico state average of $106,011. The local cost of living index is 95% of the national average.
What is the cost of living in Albuquerque, NM? ▼
Albuquerque has a cost of living index of 95% compared to the national average. This means a actuary salary of $108,291 in Albuquerque has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Albuquerque? ▼
Most actuary positions in Albuquerque 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.