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

Arlington, VA
$156,166
Pop. 238,643
Virginia Beach, VA
$121,969
Pop. 449,974
Richmond, VA
$119,690
Pop. 226,610
Norfolk, VA
$115,130
Pop. 238,005

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.

Find Actuary Jobs in Chesapeake

Browse open actuary positions in Chesapeake, VA:

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Frequently Asked Questions: Actuary Salary in Chesapeake

How much does a Actuary make in Chesapeake, VA? ▼
The median actuary salary in Chesapeake, Virginia is $117,410 per year, which is 3.0% above the national median of $113,990. Salaries range from $70,452 (10th percentile) to $201,890 (90th percentile).
How much does a Actuary make per hour in Chesapeake? ▼
Based on the median annual salary of $117,410, a actuary in Chesapeake earns approximately $56 per hour assuming a standard 2,080-hour work year.
How does Chesapeake compare to the Virginia state average for actuary pay? ▼
Chesapeake's median actuary salary of $117,410 is 5.5% below the Virginia state average of $124,249. The local cost of living index is 98% of the national average.
What is the cost of living in Chesapeake, VA? ▼
Chesapeake has a cost of living index of 98% compared to the national average. This means a actuary salary of $117,410 in Chesapeake has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Chesapeake? ▼
Most actuary positions in Chesapeake 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.