SalaryNode

Average Actuaries Salary in Tampa-St. Petersburg-Clearwater, FL

Actuaries in the Tampa-St. Petersburg-Clearwater, FL metropolitan area earn an average annual salary of $120,500. This figure is notably below the national average of $135,770, suggesting that local market dynamics and demand play a significant role in compensation. While the nominal salary may appear lower, understanding the local economic context is crucial.

Executive Summary

  • Average Salary: $120,500 per year.
  • Growth Trend: Salaries have shifted 10.5% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $200,340.
  • Outlook: The Tampa-St. Petersburg-Clearwater actuarial job market demonstrates a healthy concentration, with a Location Quotient of 1.48, indicating a presence nearly 50% higher than the national average. This suggests a robust demand for actuarial talent within the region, supported by a local workforce of 390 actuaries. The density of jobs per 1,000 workers at 0.271 further underscores the specialized nature and demand for these professionals in the area.
2024 Market Data

Salary Overview

$120,500

The average Actuaries in Tampa-St. Petersburg-Clearwater, FL earns-11.2%below the national average.

BreakdownBased on 40h/week
Hourly

$57.9

Weekly

$2,317

Monthly

$10,042

Actuaries Salary Distribution in Tampa-St. Petersburg-Clearwater, FL

Actuarial compensation typically scales significantly with experience. Entry-level actuaries can expect salaries at the lower end of the spectrum, while senior actuaries with extensive experience and specialized certifications command substantially higher incomes. The percentile gaps in salary distribution reflect this career progression, with senior roles often reaching well into the six figures, signifying substantial earning potential over a career.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$65,300$31.4
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$90,375$43.4
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$100,630$48.4
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$150,625$72.4
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$200,340$96.3

Detailed Actuaries Market Analysis

Relocation Context

Nominal Salary

$120,500

Gross Pay

Real Wage (Purchasing Power)

$120,500

Adjusted for COL (100)

The average Actuary salary of $120,500 in Tampa-St. Petersburg-Clearwater aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of an Actuary's salary in this region is equivalent to the national average, offering stability and predictability for financial planning without the immediate pressure of higher or lower living expenses.

Job Market Context

390

Total Jobs

0.271

Per 1K Jobs

1.48

Location Quotient

Above Average

With a location quotient of 1.48, Tampa-St. Petersburg-Clearwater, FL has a slightly higher-than-average concentration of Actuaries roles compared to the national norm.

With a Location Quotient of 1.48, the Tampa-St. Petersburg-Clearwater area exhibits a higher concentration of actuaries compared to the national average. This indicates a more specialized job market where actuarial roles are more prevalent relative to the overall workforce. While this suggests a potentially competitive environment for job seekers, it also points to a strong ecosystem of employers actively seeking this specialized skill set.

Nearby Job Markets

Hiring Actuariess?

Frequently Asked Questions

How much does a Actuaries make in Tampa-St. Petersburg-Clearwater, FL?

The median annual salary for a Actuaries in Tampa-St. Petersburg-Clearwater, FL is $120,500. This typically ranges from $65,300 for entry-level positions to $200,340 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Tampa-St. Petersburg-Clearwater, FL is 11.2% lower than the national median of $135,770.

Is Tampa-St. Petersburg-Clearwater, FL a lucrative place for Actuaries?

Yes, with caveats.The average salary of $120,500 is competitive with a Cost of Living Index of 100, meaning your earnings have average national purchasing power. The high Location Quotient also suggests strong demand for the profession.

Is Tampa-St. Petersburg-Clearwater, FL a good place to live for Actuaries?

The Cost of Living Index in Tampa-St. Petersburg-Clearwater, FL is 100. While higher than average, this often correlates with higher wages.

How does the Tampa Actuary salary compare to the national average?

Actuaries in Tampa-St. Petersburg-Clearwater earn an average of $120,500, which is approximately 11% lower than the national average of $135,770.

What is the significance of the Location Quotient (LQ) for Actuaries in Tampa?

An LQ of 1.48 means that Actuary jobs are 48% more concentrated in Tampa-St. Petersburg-Clearwater than the national average, indicating a stronger local presence and demand for these professionals.

Does the cost of living in Tampa affect Actuary salaries?

The Cost of Living Index in Tampa is 100, matching the national average. This means the $120,500 salary offers average national purchasing power, making it relatively stable compared to areas with significantly higher or lower costs of living.

How many Actuaries work in the Tampa-St. Petersburg-Clearwater area?

There are approximately 390 Actuaries employed within the Tampa-St. Petersburg-Clearwater metropolitan area, reflecting a specialized segment of the local workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Tampa-St. Petersburg-Clearwater, FL area with a job density of 0.271 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Tampa-St. Petersburg-Clearwater, FL

Semantic Salary Analysis for Actuaries • Data source: BLS OEWS 2024 •Jobs in Tampa-St. Petersburg-Clearwater, FL