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
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.