Actuaries in the U.S. earn an average annual salary of $135,770, precisely matching the national average. This alignment suggests that the economic factors influencing actuarial compensation within the U.S. are consistent with broader national trends. The demand for skilled actuaries, coupled with the specialized knowledge required for risk assessment and financial strategy, underpins this robust salary figure.
Executive Summary
- Average Salary: $135,770 per year.
- Growth Trend: Salaries have shifted 12.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $207,510.
- Outlook: With a substantial local workforce of 27,280 actuaries, the U.S. demonstrates a significant presence in this specialized field. While the Location Quotient is not provided, the sheer volume of professionals indicates a mature and active job market. This large workforce suggests a steady demand for actuarial services across various industries within the state, from insurance to finance.
Actuaries Salary Trends (2020-2024)
Over the past four years, it is reasonable to assume that actuarial salaries in the U.S. have experienced consistent growth, mirroring national trends in specialized professional fields. Factors such as increasing data complexity, evolving regulatory landscapes, and a growing reliance on predictive analytics have likely driven up demand and, consequently, compensation for experienced actuaries.
Actuaries Salary Distribution in U.S.
The career trajectory for actuaries typically involves significant salary increases with experience. Entry-level positions may start considerably lower, but as actuaries gain certifications, develop expertise in areas like data science and risk management, and move into senior or specialized roles, their earning potential escalates. The progression from junior to senior actuarial roles is clearly marked by substantial percentile salary gaps, reflecting increased responsibility and specialized skill acquisition.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $75,930 | $36.5 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $101,828 | $49 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $126,140 | $60.6 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $169,713 | $81.6 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $207,510 | $99.8 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$135,770
Gross Pay
Real Wage (Purchasing Power)
$135,770
Adjusted for COL (100)
The nominal average annual salary of $135,770 in the U.S. is perfectly balanced by a Cost of Living Index of 100, which is the national average. This indicates that the purchasing power of an actuary's salary in this location is equivalent to the national standard, meaning their earnings will cover expenses without significant strain or advantage compared to the average U.S. location.
Job Market Context
27,280
Total Jobs
N/A
Per 1K Jobs
N/A
Location Quotient
The absence of a specific Location Quotient (LQ) makes it challenging to definitively assess the concentration of actuaries in the U.S. relative to the national average. However, the substantial total local workforce of 27,280 suggests a significant presence, implying a competitive yet potentially abundant job market where opportunities are likely plentiful but competition among professionals may also be present.
Nearby Job Markets
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in U.S.?
The median annual salary for a Actuaries in U.S. is $135,770. This typically ranges from $75,930 for entry-level positions to $207,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in U.S. is 0.0% lower than the national median of $135,770.
Is U.S. a lucrative place for Actuaries?
Yes, U.S. offers a lucrative environment for Actuaries.The average salary of $135,770 aligns perfectly with the national average, indicating strong earning potential. Coupled with a Cost of Living Index of 100, this salary offers standard purchasing power, making it a stable and rewarding location for actuarial professionals.
Is U.S. a good place to live for Actuaries?
The Cost of Living Index in U.S. is 100. While higher than average, this often correlates with higher wages.
What is the typical salary range for an Actuary in U.S.?
While the average stands at $135,770, entry-level actuaries might earn less, potentially in the $80,000-$100,000 range, while senior actuaries with extensive experience and certifications can command salaries well over $180,000, reaching into the $200,000s.
How does experience impact an Actuary's salary in U.S.?
Experience is a primary driver of salary growth for actuaries. Junior actuaries typically earn less, but with each year of experience, passing professional exams, and taking on more complex projects, salaries increase significantly, reflecting greater expertise and responsibility.
Are there many Actuary jobs available in U.S.?
With a local workforce of 27,280, the U.S. appears to have a substantial number of actuarial positions. This indicates a healthy job market with consistent demand for skilled professionals in the field.
How does the Cost of Living in U.S. compare to the national average?
The Cost of Living Index in U.S. is 100, which is exactly the national average. This means that the general expenses for housing, food, transportation, and other necessities are comparable to the average across the country.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 27,280 employees in the U.S. area with a job density of 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 U.S.