Average Actuaries Salary in Providence-Warwick, RI-MA
The average salary for Actuariess in Providence-Warwick, RI-MA is $118,370. While this is lower than the national average, the cost of living in Providence-Warwick, RI-MA may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $118,370 per year.
- Growth Trend: Salaries have shifted 1.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $195,130.
- Outlook: The current demand for Actuariess is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Providence-Warwick, RI-MA economy.
Salary Overview
The average Actuaries in Providence-Warwick, RI-MA earns-12.8%below the national average.
$56.9
$2,276
$9,864
Actuaries Salary Trends (2020-2024)
Over the past 4 years, Actuaries salaries in Providence-Warwick, RI-MA have remained stable with a modest increase of 1.1%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Actuaries Salary Distribution in Providence-Warwick, RI-MA
The earning potential for Actuariess in Providence-Warwick, RI-MA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.6x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $73,870, while highly experienced professionals can command wages upwards of $195,130.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $73,870 | $35.5 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $88,778 | $42.7 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $101,990 | $49 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $147,963 | $71.1 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $195,130 | $93.8 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$118,370
Gross Pay
Real Wage (Purchasing Power)
$118,370
Adjusted for COL (100)
In Providence-Warwick, RI-MA, the Cost of Living Index is 100. This increases your effective purchasing power from $118,370 to $118,370.
Job Market Context
110
Total Jobs
0.149
Per 1K Jobs
0.81
Location Quotient
Providence-Warwick, RI-MA has 0.81x the national average concentration of Actuaries jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
110 people work as Actuaries in Providence-Warwick, RI-MA.
Only 0.149 out of every 1,000 local jobs are Actuaries roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Actuaries
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Actuaries Salary | $133,720↑ 13% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Actuaries Salary | $135,920↑ 15% | 38 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in Providence-Warwick, RI-MA?
The median annual salary for a Actuaries in Providence-Warwick, RI-MA is $118,370. This typically ranges from $73,870 for entry-level positions to $195,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 12.8% lower than the national median of $135,770.
Is Providence-Warwick, RI-MA a good place for Actuariess?
It depends on your priorities. While the average Actuaries salary in Providence-Warwick, RI-MA is $118,370 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Providence-Warwick, RI-MA. See distinct detailed breakdown below.
Is Providence-Warwick, RI-MA a good place to live for Actuaries?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Worcester, MA ($133,720) and Boston-Cambridge-Newton, MA-NH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Providence-Warwick, RI-MA area with a job density of 0.149 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 Providence-Warwick, RI-MA