The annual salary statistics of actuaries in Philadelphia-Camden-Wilmington, Pennsylvania is shown in Table 1. The wage information of actuaries in Philadelphia-Camden-Wilmington 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 | $75,550 |
| 25th Percentile Wage | $86,280 |
| 50th Percentile Wage | $111,510 |
| 75th Percentile Wage | $159,820 |
| 90th Percentile Wage | $214,040 |
Table 1 shows the average annual salary for actuaries in Philadelphia-Camden-Wilmington, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $214,040. The median (50th percentile) annual salary is $111,510. The average annual salary for the bottom 10 percent earners is $75,550.
The table and chart below show the trend of the median salary of actuaries from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2022 | $111,510 | -5.96% | 6.51% |
| 2021 | $118,160 | 7.48% | - |
| 2020 | $109,320 | 0.94% | - |
| 2019 | $108,290 | 1.21% | - |
| 2018 | $106,980 | -5.30% | - |
| 2017 | $112,650 | 1.42% | - |
| 2016 | $111,050 | 2.92% | - |
| 2015 | $107,810 | 1.00% | - |
| 2014 | $106,730 | 2.32% | - |
| 2013 | $104,250 | - | - |
From Table 3 we note that the median annual salary of $111,510 in Philadelphia-Camden-Wilmington is in the middle of salary range for actuaries in state of Pennsylvania. In comparison, the annual salary of actuaries in Philadelphia-Camden-Wilmington is 10.4 percent (10.4%) lower than that in the highest paying Allentown-Bethlehem-Easton and 14.2 percent (14.2%) higher than that in the lowest paying Erie.
| Cities/Areas | Median Annual Salary |
|---|---|
| Allentown-Bethlehem-Easton | |
| Harrisburg-Carlisle | |
| Philadelphia-Camden-Wilmington | |
| Philadelphia | |
| Newark-Union | |
| Pittsburgh | |
| Scranton--Wilkes-Barre | |
| Erie |