Actuaries Salary Information

The salary statistics of actuaries are shown in Table 1. In the next few tables we compare the average salaries of actuaries within different industry sectors and in the 50 states of the United States. The actuaries annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1. Actuaries Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$59,950
25th Percentile Wage
$74,970
50th Percentile Wage
$101,560
75th Percentile Wage
$140,820
90th Percentile Wage
$184,770

Table 1 shows the average annual salary for actuaries. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) actuaries is $184,770. The median annual salary (50th percentile) is $101,560. The average annual salary for the bottom 10 percent is $59,950. Note that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 208% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of actuaries from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$101,560
0.94% 7.76%
2016
$100,610
3.52% -
2015
$97,070
0.38% -
2014
$96,700
2.44% -
2013
$94,340
0.70% -
2012
$93,680
- -

Table 2. Actuaries Salary by Industry Sector

The average salaries of actuaries in 9 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for actuaries occupations is the other services (except federal, state, and local government) sector with an annual salary $114,530. The lowest paying sector is the educational services sector (annual salary $61,030).

Industry Sector Median Annual Salary
Other Services (except Federal, State, and Local Government)
$114,530
Finance and Insurance
$102,510
Professional, Scientific, and Technical Services
$101,430
Federal, State, and Local Government
$98,830
Administrative and Support and Waste Management and Remediation Services
$97,250
Management of Companies and Enterprises
$95,060
Health Care and Social Assistance
$83,730
Manufacturing
$83,520
Educational Services
$61,030

Table 3. Median Annual Wage of Actuaries by States

From the above tables we note that not only actuaries salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of actuaries in all 50 states of the United States. We note that the median annual salaries range from $51,900 to $124,710. The highest paying state for actuaries is New York with a median annual salary of $124,710. The lowest paying state is Utah with a median annual salary of $51,900. For more salary information of actuaries profession in a specific state, use the links in the table.

State Name Median Annual Salary
New York
$124,710
District of Columbia
$123,230
Colorado
$112,140
California
$110,130
North Carolina
$108,910
Pennsylvania
$107,770
Washington
$106,740
Florida
$106,710
Georgia
$106,400
Delaware
$106,160
Connecticut
$105,990
Maine
$105,300
New Hampshire
$105,000
Arkansas
$103,040
Idaho
$102,920
New Jersey
$102,000
Illinois
$101,480
Massachusetts
$100,580
Louisiana
$100,020
Minnesota
$99,870
Kansas
$99,000
Mississippi
$98,390
Kentucky
$98,140
Maryland
$97,790
Indiana
$95,250
Texas
$95,100
North Dakota
$94,370
Ohio
$94,070
Tennessee
$93,500
Iowa
$93,450
Oregon
$92,950
Nevada
$91,880
Hawaii
$89,810
Rhode Island
$87,350
Missouri
$86,850
Arizona
$86,690
Wisconsin
$81,950
Nebraska
$81,680
Alabama
$81,650
Virginia
$79,140
Michigan
$77,300
Vermont
$77,190
Oklahoma
$76,140
South Carolina
$74,470
New Mexico
$70,120
Puerto Rico
$56,700
Utah
$51,900



Related:

💰 Highest paying states for actuaries

💰 Highest paying cities for actuaries

💰 Highest paying industries for actuaries.