Business & Finance Cranston, RI Pop. 82,934

Actuary Salary in Cranston, Rhode Island

The median actuary salary in Cranston, RI is $116,270 per year, which is 2.0% above the national median and 4.7% below the Rhode Island state average.

City Median
$116,270
vs State Avg
$-5,699
vs National
+$2,280
Cost of Living
100%

Actuary Salary in Cranston by Experience

In Cranston, 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 100% 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 Cranston, RI

Percentile Cranston
10th Percentile $69,768
25th Percentile $88,944
Median (50th) $116,270
75th Percentile $154,020
90th Percentile $199,930

Actuary Salary in Other Rhode Island Cities

Providence, RI
$125,389
Pop. 190,934
Warwick, RI
$118,550
Pop. 82,823
East Providence, RI
$113,990
Pop. 47,139
Pawtucket, RI
$111,710
Pop. 75,604

How to Become a Actuary in Cranston

Education

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

Find Actuary Jobs in Cranston

Browse open actuary positions in Cranston, RI:

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Frequently Asked Questions: Actuary Salary in Cranston

How much does a Actuary make in Cranston, RI? ▼
The median actuary salary in Cranston, Rhode Island 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 Cranston? ▼
Based on the median annual salary of $116,270, a actuary in Cranston earns approximately $56 per hour assuming a standard 2,080-hour work year.
How does Cranston compare to the Rhode Island state average for actuary pay? ▼
Cranston's median actuary salary of $116,270 is 4.7% below the Rhode Island state average of $121,969. The local cost of living index is 100% of the national average.
What is the cost of living in Cranston, RI? ▼
Cranston has a cost of living index of 100% compared to the national average. This means a actuary salary of $116,270 in Cranston has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Cranston? ▼
Most actuary positions in Cranston 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.