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.