Business & Finance Norfolk, VA Pop. 238,005

Actuary Salary in Norfolk, Virginia

The median actuary salary in Norfolk, VA is $115,130 per year, which is 1.0% above the national median and 7.3% below the Virginia state average.

City Median
$115,130
vs State Avg
$-9,119
vs National
+$1,140
Cost of Living
96%

Actuary Salary in Norfolk by Experience

In Norfolk, an entry-level actuary earns around $70,700, while experienced professionals earn up to $176,750 per year. The local cost of living index is 96% of the national average.

Entry Level (0-2 yrs)
$70,700
+$700 vs national
Mid Level (3-7 yrs)
$116,150
+$1,150 vs national
Senior Level (8+ yrs)
$176,750
+$1,750 vs national

Salary Percentiles in Norfolk, VA

Percentile Norfolk
10th Percentile $69,084
25th Percentile $88,072
Median (50th) $115,130
75th Percentile $152,510
90th Percentile $197,970

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
Chesapeake, VA
$117,410
Pop. 249,422

How to Become a Actuary in Norfolk

Education

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

Find Actuary Jobs in Norfolk

Browse open actuary positions in Norfolk, VA:

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Frequently Asked Questions: Actuary Salary in Norfolk

How much does a Actuary make in Norfolk, VA? ▼
The median actuary salary in Norfolk, Virginia is $115,130 per year, which is 1.0% above the national median of $113,990. Salaries range from $69,084 (10th percentile) to $197,970 (90th percentile).
How much does a Actuary make per hour in Norfolk? ▼
Based on the median annual salary of $115,130, a actuary in Norfolk earns approximately $55 per hour assuming a standard 2,080-hour work year.
How does Norfolk compare to the Virginia state average for actuary pay? ▼
Norfolk's median actuary salary of $115,130 is 7.3% below the Virginia state average of $124,249. The local cost of living index is 96% of the national average.
What is the cost of living in Norfolk, VA? ▼
Norfolk has a cost of living index of 96% compared to the national average. This means a actuary salary of $115,130 in Norfolk has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Norfolk? ▼
Most actuary positions in Norfolk 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.