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Actuary Salary in Richmond, Virginia
The median actuary salary in Richmond, VA is $119,690 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.
City Median
$119,690
vs State Avg
$-4,559
vs National
+$5,700
Cost of Living
100%
Actuary Salary in Richmond by Experience
In Richmond, an entry-level actuary earns around $73,500, while experienced professionals earn up to $183,750 per year. The local cost of living index is 100% of the national average.
Entry Level (0-2 yrs)
$73,500
+$3,500 vs national
Mid Level (3-7 yrs)
$120,750
+$5,750 vs national
Senior Level (8+ yrs)
$183,750
+$8,750 vs national
Salary Percentiles in Richmond, VA
| Percentile | Richmond |
|---|---|
| 10th Percentile | $71,820 |
| 25th Percentile | $91,560 |
| Median (50th) | $119,690 |
| 75th Percentile | $158,550 |
| 90th Percentile | $205,811 |
Actuary Salary in Other Virginia Cities
How to Become a Actuary in Richmond
Education
Most actuary positions require a bachelor's degree. Richmond 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 Richmond may vary based on local industry and population growth.