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 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

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

Major Cities for Actuarys in Rhode Island

The largest employment areas for actuarys in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries in major metro areas may be higher due to increased demand and cost of living.

Providence, RI
Metro area for actuary employment
Warwick, RI
Metro area for actuary employment
Cranston, RI
Metro area for actuary employment
Pawtucket, RI
Metro area for actuary employment
East Providence, RI
Metro area for actuary employment

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.