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Actuaries Salary Information in Maryland

The average annual and hourly salaries for actuaries in the state of Maryland are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of actuaries amongst Maryland cities is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Actuaries in Maryland

Percentile BracketAverage Annual Salary
10th Percentile Wage
$57,200
25th Percentile Wage
$71,250
50th Percentile Wage
$97,790
75th Percentile Wage
$126,240
90th Percentile Wage
$152,640

Table 1 shows the average annual salary for actuaries in Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $152,640. The median (50th percentile) annual salary is $97,790. The average annual salary for the bottom 10 percent is $57,200.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$27.50
25th Percentile Wage
$34.25
50th Percentile Wage
$47.02
75th Percentile Wage
$60.69
90th Percentile Wage
$73.38

Table 2 shows the average hourly salary for actuaries in Maryland in 5 percentile scales. The average hourly salary for the 90th percentile is $73.38. The median hourly salary is $47.02. The average hourly salary for the bottom 10 percent is $27.50.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of actuaries from 2012 to 2016. Note that there is no salary data for some years between 2012 and 2016.

YearMedian Salary Growth1-Year Growth
201397,7902.75%2.75%
201295,100--

Table 3. Median Annual Salary of Actuaries in Maryland Cities

Table 3 shows the median annual salary of actuaries in some Maryland cities and metropolitan areas. We note that the median annual salary of actuaries in state of Maryland ranges from $81,940 to $116,730. The highest paying area for actuaries in Maryland is Baltimore-Towson with a median annual salary of $116,730. The lowest paying area is Bethesda-Rockville-Frederick with a median annual salary of $81,940.

Cities/Areas Median Annual Salary
Baltimore-Towson
$116,730
Bethesda-Rockville-Frederick
$81,940


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