Business & Finance Salem, OR
Pop. 175,535
Actuary Salary in Salem, Oregon
The median actuary salary in Salem, OR is $116,270 per year, which is 2.0% above the national median and 7.3% below the Oregon state average.
City Median
$116,270
vs State Avg
$-9,119
vs National
+$2,280
Cost of Living
102%
Actuary Salary in Salem by Experience
In Salem, an entry-level actuary earns around $71,400, while experienced professionals earn up to $178,500 per year. The local cost of living index is 102% of the national average.
Entry Level (0-2 yrs)
$71,400
+$1,400 vs national
Mid Level (3-7 yrs)
$117,300
+$2,300 vs national
Senior Level (8+ yrs)
$178,500
+$3,500 vs national
Salary Percentiles in Salem, OR
| Percentile | Salem |
|---|---|
| 10th Percentile | $69,768 |
| 25th Percentile | $88,944 |
| Median (50th) | $116,270 |
| 75th Percentile | $154,020 |
| 90th Percentile | $199,930 |
Actuary Salary in Other Oregon Cities
How to Become a Actuary in Salem
Education
Most actuary positions require a bachelor's degree. Salem and the surrounding Oregon 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 Salem may vary based on local industry and population growth.
Find Actuary Jobs in Salem
Browse open actuary positions in Salem, OR:
Frequently Asked Questions: Actuary Salary in Salem
How much does a Actuary make in Salem, OR? ▼
The median actuary salary in Salem, Oregon is $116,270 per year, which is 2.0% above the national median of $113,990. Salaries range from $69,768 (10th percentile) to $199,930 (90th percentile).
How much does a Actuary make per hour in Salem? ▼
Based on the median annual salary of $116,270, a actuary in Salem earns approximately $56 per hour assuming a standard 2,080-hour work year.
How does Salem compare to the Oregon state average for actuary pay? ▼
Salem's median actuary salary of $116,270 is 7.3% below the Oregon state average of $125,389. The local cost of living index is 102% of the national average.
What is the cost of living in Salem, OR? ▼
Salem has a cost of living index of 102% compared to the national average. This means a actuary salary of $116,270 in Salem has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Salem? ▼
Most actuary positions in Salem 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.