Business & Finance Rhode Island (RI) Rank #13 of 50

Actuary Salary in Rhode Island

The median actuary salary in Rhode Island is $121,969 per year, which is 7.0% above the national median of $113,990.

Median Salary
$121,969
vs National
+$7,979
State Rank
#13 of 50
Cost of Living
105%

Actuary Salary Overview in Rhode Island (2026)

Rhode Island ranks #13 out of 50 states for actuary compensation. Rhode Island falls in the middle of the pack for actuary pay, offering salaries near the national average. At $121,969 per year, actuarys in Rhode Island earn $7,979 more than the national median of $113,990.

Rhode Island's cost of living is near the national average at 105%, meaning actuary salaries here translate closely to their face value in purchasing power.

The salary spread in Rhode Island is significant: actuarys at the 10th percentile earn $73,188, while those at the 90th percentile bring home $209,731 — a $136,543 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Rhode Island for this role is Providence, where the median reaches $125,389.

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in Rhode Island and beyond.

Actuary Salary in Rhode Island by Experience

In Rhode Island, an entry-level actuary earns around $74,900, while experienced professionals earn up to $187,250 per year. The cost of living index in Rhode Island is 105% of the national average.

Entry Level (0-2 yrs)
$74,900
+$4,900 vs national
Mid Level (3-7 yrs)
$123,050
+$8,050 vs national
Senior Level (8+ yrs)
$187,250
+$12,250 vs national

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Salary Percentiles in Rhode Island

Percentile RI Salary
10th Percentile $73,188
25th Percentile $93,304
Median (50th) $121,969
75th Percentile $161,570
90th Percentile $209,731

Actuary Salary by City in Rhode Island

The largest employment areas for actuarys in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries vary by city based on local cost of living and demand.

How to Become a Actuary in Rhode Island

Education

Most actuary positions require a bachelor's degree. Rhode Island has several accredited institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook in Rhode Island

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Rhode Island's demand may vary based on local industry trends.

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Frequently Asked Questions: Actuary Salary in Rhode Island

How much does a Actuary make in Rhode Island? ▼
The median actuary salary in Rhode Island is $121,969 per year, which is 7.0% above the national median of $113,990. Salaries range from $73,188 (10th percentile) to $209,731 (90th percentile).
How much does a Actuary make per hour in Rhode Island? ▼
Based on the median annual salary of $121,969, a actuary in Rhode Island earns approximately $59 per hour assuming a standard 2,080-hour work year.
Is Rhode Island a good state for actuarys? ▼
Rhode Island ranks #13 out of 50 states for actuary pay. The cost of living index is 105% of the national average. Entry-level actuarys earn $74,900, while senior professionals earn $187,250.
How does Rhode Island compare to other states for actuary salary? ▼
The highest paying state for actuarys is Hawaii at $193,783. Rhode Island's median of $121,969 ranks #13 nationally. Nearby-ranked states include Virginia ($124,249) and New Hampshire ($121,969).
What is the entry-level actuary salary in Rhode Island? ▼
An entry-level actuary in Rhode Island earns approximately $74,900 per year. With 3-7 years of experience, pay increases to around $123,050. Senior-level professionals with 8+ years earn up to $187,250.
What city in Rhode Island pays actuarys the most? ▼
Providence is the highest paying city in Rhode Island for actuarys, with a median salary of $125,389. Other cities include Warwick and Cranston.