Business & Finance Chesapeake, VA
Pop. 249,422
Actuary Salary in Chesapeake, Virginia
The median actuary salary in Chesapeake, VA is $117,410 per year, which is 3.0% above the national median and 5.5% below the Virginia state average.
City Median
$117,410
vs State Avg
$-6,839
vs National
+$3,420
Cost of Living
98%
Actuary Salary in Chesapeake by Experience
In Chesapeake, an entry-level actuary earns around $72,100, while experienced professionals earn up to $180,250 per year. The local cost of living index is 98% of the national average.
Entry Level (0-2 yrs)
$72,100
+$2,100 vs national
Mid Level (3-7 yrs)
$118,450
+$3,450 vs national
Senior Level (8+ yrs)
$180,250
+$5,250 vs national
Salary Percentiles in Chesapeake, VA
| Percentile | Chesapeake |
|---|---|
| 10th Percentile | $70,452 |
| 25th Percentile | $89,816 |
| Median (50th) | $117,410 |
| 75th Percentile | $155,530 |
| 90th Percentile | $201,890 |
Actuary Salary in Other Virginia Cities
How to Become a Actuary in Chesapeake
Education
Most actuary positions require a bachelor's degree. Chesapeake and the surrounding Virginia 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 Chesapeake may vary based on local industry and population growth.