Business & Finance Richmond, VA Pop. 226,610

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

Arlington, VA
$156,166
Pop. 238,643
Virginia Beach, VA
$121,969
Pop. 449,974
Chesapeake, VA
$117,410
Pop. 249,422
Norfolk, VA
$115,130
Pop. 238,005

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.

Find Actuary Jobs in Richmond

Browse open actuary positions in Richmond, VA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Richmond

How much does a Actuary make in Richmond, VA? ▼
The median actuary salary in Richmond, Virginia is $119,690 per year, which is 5.0% above the national median of $113,990. Salaries range from $71,820 (10th percentile) to $205,811 (90th percentile).
How much does a Actuary make per hour in Richmond? ▼
Based on the median annual salary of $119,690, a actuary in Richmond earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Richmond compare to the Virginia state average for actuary pay? ▼
Richmond's median actuary salary of $119,690 is 3.7% below the Virginia state average of $124,249. The local cost of living index is 100% of the national average.
What is the cost of living in Richmond, VA? ▼
Richmond has a cost of living index of 100% compared to the national average. This means a actuary salary of $119,690 in Richmond has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Richmond? ▼
Most actuary positions in Richmond 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.