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.