Average Actuaries Salary in San Francisco-Oakland-Fremont, CA
Actuaries in the San Francisco-Oakland-Fremont, CA area command an impressive average annual salary of $149,000, significantly exceeding the national average of $135,770. This elevated compensation is largely driven by the region's dynamic economic landscape and the specialized skill set required for actuarial roles, which often necessitates higher pay to attract and retain top talent in a competitive market.
Executive Summary
- Average Salary: $149,000 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $224,380.
- Outlook: The actuarial job market in San Francisco-Oakland-Fremont, CA, while not densely concentrated with a Location Quotient of 0.47, indicates a steady demand for skilled professionals. With a total local workforce of 210 actuaries, the presence of this specialized group suggests a stable, albeit niche, employment sector that values expertise.
Salary Overview
The average Actuaries in San Francisco-Oakland-Fremont, CA earns+9.7%above the national average.
$71.6
$2,865
$12,417
Actuaries Salary Trends (2020-2024)
While specific historical data for the last four years is not provided, it is generally assumed that salaries for actuaries in major metropolitan areas like San Francisco-Oakland-Fremont have experienced consistent growth. This upward trend is typically fueled by increasing demand for risk assessment and financial modeling expertise, coupled with the rising cost of living and a competitive job market that incentivizes higher compensation.
Actuaries Salary Distribution in San Francisco-Oakland-Fremont, CA
Actuarial salaries demonstrate a clear progression tied to experience. Entry-level actuaries can expect compensation at the lower end of the spectrum, while seasoned professionals with extensive experience and specialized certifications will command significantly higher salaries, often reaching into the top percentiles. The widening gap between entry-level and senior roles reflects the accumulation of expertise, responsibility, and demonstrated value over a career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $73,210 | $35.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $111,750 | $53.7 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $136,410 | $65.6 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $186,250 | $89.5 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $224,380 | $107.9 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$149,000
Gross Pay
Real Wage (Purchasing Power)
$149,000
Adjusted for COL (100)
The nominal average salary of $149,000 in San Francisco-Oakland-Fremont, CA, aligns perfectly with the local Cost of Living Index of 100, which represents the national average. This means that while actuaries earn more in this region, their purchasing power is effectively on par with the national average, indicating that the higher salary is largely offset by the local cost of living.
Job Market Context
210
Total Jobs
0.087
Per 1K Jobs
0.47
Location Quotient
At 0.47x, San Francisco-Oakland-Fremont, CA has a notably lower concentration of Actuaries jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.47, the San Francisco-Oakland-Fremont, CA, market for actuaries is less concentrated than the national average. This suggests that while actuaries are employed in the region, the job market is not saturated, potentially offering good opportunities for skilled professionals seeking roles without intense local competition.
Nearby Job Markets
Nearby Cities for Actuaries
| City | Salary | Dist. |
|---|---|---|
| San Jose-Sunnyvale-Santa Clara, CA Actuaries Salary | $159,810↑ 7% | 42 mi |
Comparing salaries near San Francisco-Oakland-Fremont, CA
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in San Francisco-Oakland-Fremont, CA?
The median annual salary for a Actuaries in San Francisco-Oakland-Fremont, CA is $149,000. This typically ranges from $73,210 for entry-level positions to $224,380 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in San Francisco-Oakland-Fremont, CA is 9.7% higher than the national median of $135,770.
Is San Francisco-Oakland-Fremont, CA a lucrative place for Actuaries?
Yes, it is a lucrative place for Actuaries.Actuaries in this region earn an average of $149,000, which is above the national average. While the cost of living is at the national average, the higher nominal salary provides a strong financial standing.
Is San Francisco-Oakland-Fremont, CA a good place to live for Actuaries?
The Cost of Living Index in San Francisco-Oakland-Fremont, CA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near San Francisco-Oakland-Fremont, CA?
Some top paying nearby cities include San Jose-Sunnyvale-Santa Clara, CA ($159,810) and others.
How does the Actuary salary in San Francisco compare to the national average?
The average Actuary salary in San Francisco-Oakland-Fremont, CA, is $149,000, which is notably higher than the national average of $135,770.
What is the Cost of Living in San Francisco-Oakland-Fremont, CA for Actuaries?
The Cost of Living Index in San Francisco-Oakland-Fremont, CA, is 100, which is exactly the national average. This means the cost of goods and services is comparable to the rest of the country.
How concentrated is the Actuary job market in San Francisco-Oakland-Fremont, CA?
The Actuary job market in this region has a Location Quotient of 0.47, indicating it is less concentrated than the national average, suggesting a potentially less competitive environment for job seekers.
How many Actuaries are employed in the San Francisco-Oakland-Fremont, CA area?
There are approximately 210 Actuaries employed within the San Francisco-Oakland-Fremont, CA metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the San Francisco-Oakland-Fremont, CA area with a job density of 0.087 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 San Francisco-Oakland-Fremont, CA