Business & Finance Philadelphia, PA Pop. 1,603,797

Actuary Salary in Philadelphia, Pennsylvania

The median actuary salary in Philadelphia, PA is $120,829 per year, which is 6.0% above the national median and 6.0% above the Pennsylvania state average.

City Median
$120,829
vs State Avg
+$6,839
vs National
+$6,839
Cost of Living
102%

Actuary Pay in Philadelphia: What to Expect (2026)

Philadelphia offers a median actuary salary of $120,829, which is $6,839 above the Pennsylvania state average of $113,990. Compared to the national median of $113,990, Philadelphia pays above average for this role.

Philadelphia's cost of living is 102% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for actuarys in Philadelphia spans from $72,504 at the 10th percentile to $207,771 at the 90th percentile — a $135,267 spread. Entry-level professionals start around $74,200, while senior actuarys with 8+ years of experience can earn up to $185,500. As a major metro area with a population of 1,603,797, Philadelphia typically offers more job opportunities and employer competition, which can drive salaries higher.

Actuary Salary in Philadelphia by Experience

In Philadelphia, an entry-level actuary earns around $74,200, while experienced professionals earn up to $185,500 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$74,200
+$4,200 vs national
Mid Level (3-7 yrs)
$121,900
+$6,900 vs national
Senior Level (8+ yrs)
$185,500
+$10,500 vs national

Salary Percentiles in Philadelphia, PA

Percentile Philadelphia
10th Percentile $72,504
25th Percentile $92,432
Median (50th) $120,829
75th Percentile $160,060
90th Percentile $207,771

Actuary Salary in Other Pennsylvania Cities

Allentown, PA
$111,710
Pop. 126,092
Pittsburgh, PA
$110,570
Pop. 302,971
Reading, PA
$104,871
Pop. 95,112
Erie, PA
$100,311
Pop. 94,831

How to Become a Actuary in Philadelphia

Education

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

Find Actuary Jobs in Philadelphia

Browse open actuary positions in Philadelphia, PA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Philadelphia

How much does a Actuary make in Philadelphia, PA? ▼
The median actuary salary in Philadelphia, Pennsylvania is $120,829 per year, which is 6.0% above the national median of $113,990. Salaries range from $72,504 (10th percentile) to $207,771 (90th percentile).
How much does a Actuary make per hour in Philadelphia? ▼
Based on the median annual salary of $120,829, a actuary in Philadelphia earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Philadelphia compare to the Pennsylvania state average for actuary pay? ▼
Philadelphia's median actuary salary of $120,829 is 6.0% above the Pennsylvania state average of $113,990. The local cost of living index is 102% of the national average.
What is the cost of living in Philadelphia, PA? ▼
Philadelphia has a cost of living index of 102% compared to the national average. This means a actuary salary of $120,829 in Philadelphia has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Philadelphia? ▼
Most actuary positions in Philadelphia 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.