Business & Finance Providence, RI Pop. 190,934

Actuary Salary in Providence, Rhode Island

The median actuary salary in Providence, RI is $125,389 per year, which is 10.0% above the national median and 2.8% above the Rhode Island state average.

City Median
$125,389
vs State Avg
+$3,420
vs National
+$11,399
Cost of Living
108%

Actuary Salary in Providence by Experience

In Providence, an entry-level actuary earns around $77,000, while experienced professionals earn up to $192,500 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$77,000
+$7,000 vs national
Mid Level (3-7 yrs)
$126,500
+$11,500 vs national
Senior Level (8+ yrs)
$192,500
+$17,500 vs national

Salary Percentiles in Providence, RI

Percentile Providence
10th Percentile $75,240
25th Percentile $95,920
Median (50th) $125,389
75th Percentile $166,100
90th Percentile $215,611

Actuary Salary in Other Rhode Island Cities

Warwick, RI
$118,550
Pop. 82,823
Cranston, RI
$116,270
Pop. 82,934
East Providence, RI
$113,990
Pop. 47,139
Pawtucket, RI
$111,710
Pop. 75,604

How to Become a Actuary in Providence

Education

Most actuary positions require a bachelor's degree. Providence 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 Providence may vary based on local industry and population growth.

Find Actuary Jobs in Providence

Browse open actuary positions in Providence, RI:

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Frequently Asked Questions: Actuary Salary in Providence

How much does a Actuary make in Providence, RI? ▼
The median actuary salary in Providence, Rhode Island is $125,389 per year, which is 10.0% above the national median of $113,990. Salaries range from $75,240 (10th percentile) to $215,611 (90th percentile).
How much does a Actuary make per hour in Providence? ▼
Based on the median annual salary of $125,389, a actuary in Providence earns approximately $60 per hour assuming a standard 2,080-hour work year.
How does Providence compare to the Rhode Island state average for actuary pay? ▼
Providence's median actuary salary of $125,389 is 2.8% above the Rhode Island state average of $121,969. The local cost of living index is 108% of the national average.
What is the cost of living in Providence, RI? ▼
Providence has a cost of living index of 108% compared to the national average. This means a actuary salary of $125,389 in Providence has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Providence? ▼
Most actuary positions in Providence 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.