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 2016 and published in April 2017 [1].

Table 1. Actuaries Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$58,910
25th Percentile Wage
$74,480
50th Percentile Wage
$100,610
75th Percentile Wage
$140,190
90th Percentile Wage
$186,250

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 $186,250. The median annual salary (50th percentile) is $100,610. The average annual salary for the bottom 10 percent is $58,910. We note that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 216% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of actuaries from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016100,6103.52%6.89%
201597,0700.38%-
201496,7002.44%-
201394,3400.70%-
201293,680--

Table 2. Actuaries Salary by Industry Sector

The average salaries of actuaries in 7 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 professional, scientific, and technical services sector with an annual salary $104,550. The lowest paying sector is the educational services sector (annual salary $61,030).

Industry Sector Median Annual Salary
Professional, Scientific, and Technical Services
$104,550
Finance and Insurance
$101,120
Federal, State, and Local Government
$95,550
Management of Companies and Enterprises
$93,370
Health Care and Social Assistance
$81,960
Administrative and Support and Waste Management and Remediation Services
$74,030
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 $51,980 to $149,760. The highest paying state for actuaries is Kansas with a median annual salary of $149,760. The lowest paying state is Utah with a median annual salary of $51,980. For more salary information of actuaries profession in a specific state, use the links in the table.

State Name Median Annual Salary
Kansas
$149,760
New York
$122,910
District of Columbia
$119,780
North Carolina
$112,990
Colorado
$112,140
California
$107,410
Washington
$107,240
Delaware
$107,100
Vermont
$105,310
Pennsylvania
$104,980
Texas
$104,490
Maine
$103,100
Idaho
$102,920
Connecticut
$101,580
New Jersey
$101,080
Minnesota
$99,870
Georgia
$99,230
Arkansas
$98,490
Florida
$98,170
Maryland
$97,790
Illinois
$96,990
Massachusetts
$96,020
New Hampshire
$94,830
North Dakota
$94,370
Indiana
$94,010
Tennessee
$93,500
Iowa
$90,610
Hawaii
$89,810
Ohio
$89,620
Arizona
$86,690
Missouri
$85,690
Oregon
$85,450
Michigan
$83,690
Kentucky
$83,110
Rhode Island
$83,090
Wisconsin
$81,300
Nebraska
$80,800
Virginia
$79,140
Oklahoma
$76,140
Alabama
$75,310
South Carolina
$74,470
New Mexico
$70,120
Utah
$51,980


Related:

Highest paying states for actuaries

Highest paying cities for actuaries

Highest paying industries for actuaries.