Average Actuaries Salary in District of Columbia
Actuaries in the District of Columbia command an impressive average annual salary of $151,770, substantially exceeding the national average of $135,770. This elevated compensation is largely driven by the unique economic landscape and the high demand for specialized analytical talent within the nation's capital, reflecting the concentration of financial and governmental institutions.
Executive Summary
- Average Salary: $151,770 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $191,880.
- Outlook: The District of Columbia presents a robust job market for actuaries, evidenced by a local workforce of 200 professionals and a Location Quotient of 1.51. This concentration indicates a demand for actuaries that is 51% higher than the national average, suggesting a stable and potentially growing employment environment for those in this specialized field.
Salary Overview
The average Actuaries in District of Columbia earns+11.8%above the national average.
$73
$2,919
$12,648
Actuaries Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that actuarial salaries in the District of Columbia have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing demand for risk assessment, evolving regulatory landscapes, and inflation likely contribute to a positive salary trajectory for actuaries in this region.
Actuaries Salary Distribution in District of Columbia
The salary progression for actuaries in the District of Columbia typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while senior actuaries with extensive expertise and specialized certifications can command salaries well into the upper percentiles. The substantial gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $90,590 | $43.6 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $113,828 | $54.7 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $153,340 | $73.7 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $189,713 | $91.2 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $191,880 | $92.3 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$151,770
Gross Pay
Real Wage (Purchasing Power)
$102,065
Adjusted for COL (148.7)
While the nominal salary of $151,770 for actuaries in the District of Columbia is attractive, it must be considered against the local Cost of Living Index of 148.7. This means that the cost of living is approximately 48.7% higher than the national average. Therefore, while the gross salary is high, the purchasing power may be moderated by these elevated living expenses.
Job Market Context
200
Total Jobs
0.277
Per 1K Jobs
1.51
Location Quotient
District of Columbia has 1.5x the national concentration of Actuaries jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.51 for actuaries in the District of Columbia signifies a notably concentrated job market. This indicates that actuaries are more prevalent in DC relative to the national average, suggesting a strong demand and a competitive environment where specialized skills are highly valued by local employers.
Nearby Job Markets
Nearby Cities for Actuaries
| City | Salary | Dist. |
|---|---|---|
| Baltimore-Columbia-Towson, MD Actuaries Salary | $133,600↓ 12% | 35 mi |
Comparing salaries near District of Columbia
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in District of Columbia?
The median annual salary for a Actuaries in District of Columbia is $151,770. This typically ranges from $90,590 for entry-level positions to $191,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in District of Columbia is 11.8% higher than the national median of $135,770.
Is District of Columbia a lucrative place for Actuariess?
Yes, DC offers lucrative opportunities for Actuaries.Actuaries in the District of Columbia earn an average of $151,770, significantly above the national average. Despite a higher cost of living, the strong concentration of actuarial roles suggests high demand and competitive compensation.
Is District of Columbia a good place to live for Actuaries?
The Cost of Living Index in District of Columbia is 148.7. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near District of Columbia?
Some top paying nearby cities include Baltimore-Columbia-Towson, MD ($133,600) and others.
How does the number of local actuaries compare nationally?
With a local workforce of 200 actuaries and a Location Quotient of 1.51, the District of Columbia has a higher concentration of actuaries than the national average, indicating a robust local demand.
What is the average number of actuarial jobs per 1,000 workers in DC?
In the District of Columbia, there are approximately 0.277 actuarial jobs per 1,000 workers, reflecting the specialized nature of the profession within the local economy.
How does DC's cost of living affect an actuary's salary?
The District of Columbia's Cost of Living Index is 148.7, meaning expenses are nearly 49% higher than the national average. This high cost of living is a significant factor contributing to the elevated average salary for actuaries.
Are there many actuarial job opportunities in the District of Columbia?
Yes, the Location Quotient of 1.51 suggests that actuarial jobs are more concentrated in DC than the national average, implying a strong and competitive job market for this profession.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the District of Columbia area with a job density of 0.277 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Actuaries • Data source: BLS OEWS 2024 •Jobs in District of Columbia