The annual salary statistics of actuaries in Baltimore-Towson, Maryland is shown in Table 1. The wage information of actuaries in Baltimore-Towson is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $65,940 |
| 25th Percentile Wage | $76,790 |
| 50th Percentile Wage | $100,410 |
| 75th Percentile Wage | $138,860 |
| 90th Percentile Wage | $176,280 |
Table 1 shows the average annual salary for actuaries in Baltimore-Towson, Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $176,280. The median (50th percentile) annual salary is $100,410. The average annual salary for the bottom 10 percent earners is $65,940.
The table and chart below show the trend of the median salary of actuaries from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $100,410 | -7.28% | -6.41% |
| 2021 | $107,720 | -15.88% | - |
| 2020 | $124,830 | 11.95% | - |
| 2019 | $109,910 | -2.18% | - |
| 2018 | $112,310 | 4.34% | - |
| 2017 | $107,440 | -8.65% | - |
| 2016 | $116,730 | -4.21% | - |
| 2015 | $121,640 | 3.90% | - |
| 2014 | $116,900 | 9.01% | - |
| 2013 | $106,370 | -0.45% | - |
| 2012 | $106,850 | - | - |
From Table 3 we note that with a median annual salary of $100,410, Baltimore-Towson is the highest paying city for actuaries in state of Maryland, followed by Bethesda-Rockville-Frederick (median annual salary $81,940). In comparison, the median annual salary of actuaries in Baltimore-Towson is 18.4 percent (18.4%) higher than that in Bethesda-Rockville-Frederick.
| Cities/Areas | Median Annual Salary |
|---|---|
| Baltimore-Towson | |
| Bethesda-Rockville-Frederick |