Business & Finance Rio Rancho, NM Pop. 104,046

Actuary Salary in Rio Rancho, New Mexico

The median actuary salary in Rio Rancho, NM is $104,871 per year, which is 8% below the national median and 1.1% below the New Mexico state average.

City Median
$104,871
vs State Avg
$-1,140
vs National
$-9,119
Cost of Living
92%

Actuary Salary in Rio Rancho by Experience

In Rio Rancho, an entry-level actuary earns around $64,400, while experienced professionals earn up to $161,000 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$64,400
$-5,600 vs national
Mid Level (3-7 yrs)
$105,800
$-9,200 vs national
Senior Level (8+ yrs)
$161,000
$-14,000 vs national

Salary Percentiles in Rio Rancho, NM

Percentile Rio Rancho
10th Percentile $62,928
25th Percentile $80,224
Median (50th) $104,871
75th Percentile $138,920
90th Percentile $180,329

Actuary Salary in Other New Mexico Cities

Santa Fe, NM
$125,389
Pop. 87,505
Albuquerque, NM
$108,291
Pop. 564,559
Las Cruces, NM
$100,311
Pop. 111,385
Roswell, NM
$93,472
Pop. 48,422

How to Become a Actuary in Rio Rancho

Education

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

Find Actuary Jobs in Rio Rancho

Browse open actuary positions in Rio Rancho, NM:

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Frequently Asked Questions: Actuary Salary in Rio Rancho

How much does a Actuary make in Rio Rancho, NM? ▼
The median actuary salary in Rio Rancho, New Mexico is $104,871 per year, which is 8% below the national median of $113,990. Salaries range from $62,928 (10th percentile) to $180,329 (90th percentile).
How much does a Actuary make per hour in Rio Rancho? ▼
Based on the median annual salary of $104,871, a actuary in Rio Rancho earns approximately $50 per hour assuming a standard 2,080-hour work year.
How does Rio Rancho compare to the New Mexico state average for actuary pay? ▼
Rio Rancho's median actuary salary of $104,871 is 1.1% below the New Mexico state average of $106,011. The local cost of living index is 92% of the national average.
What is the cost of living in Rio Rancho, NM? ▼
Rio Rancho has a cost of living index of 92% compared to the national average. This means a actuary salary of $104,871 in Rio Rancho has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Rio Rancho? ▼
Most actuary positions in Rio Rancho 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.