Career Attributes

  • $110,301
  • 23,600
  • 2.7
  • 22.5%
  • Bachelor's degree
  • Actuarial Science
More Attributes

How much does an Actuary make in the United States?

Average Actuary Yearly Salary in the United States

Actuaries earn an average yearly salary of $110,301. Salaries typically start from $55,982 and go up to $182,281.

Average Actuary Hourly Wage in the United States

Actuaries earn an average hourly wage of $53.03. Hourly wages typically start from $26.91 and go up to $87.64.

Source: Sokanu (Aggregated)

These numbers may vary depending on several factors, like level of education, amount of experience, industry, company size and location.

Learn more about the Actuary job market for salaries of real jobs in your area.

The actuarial profession is perfect for individuals who enjoy challenges and problems solving. Those who develop a track-record of success will have many opportunities for growth and advancement. Experienced actuaries have the potential to earn from $150,000 to $250,000 annually, and many actuaries earn more than that.

Most employers of actuaries award merit increases as you gain experience and pass the actuarial examinations. Most companies also offer cash bonuses, salary increases, and promotions for each professional designation achieved.

Base salaries vary by industry. The following is the Compensation by Specialization and Years of Experience (according to the Annual Actuarial Salary Survey done by ActuarialCareers.com):

Life & Annuities
1-2 years - $60k - 86k
3-5 years - $66k - 135k
6-10 years - $75k - 230k
11-15 years - $90k - 475k
16-20 years - $84k - 360k
21+ years - $90k - 700k

Health
1-2 years - $60k - 86k
3-5 years - $64k - 140k
6-10 years - $75k - 230k
11-15 years - $89k - 258k
16-20 years - $84k - 360k
21+ years - $110k - 400k

Investment/Risk
1-2 years - $57k - 90k
3-5 years - $66k - 150k
6-10 years - $87k - 230k
11-15 years - $111k - 275k
16-20 years - $110k - 280k
21+ years - $90k - 450k

Pension
1-2 years - $65k - 86k
3-5 years - $66k - 134k
6-10 years - $68k - 157k
11-15 years - $85k - 275k
16-20 years - $84k - 269k
21+ years - $90k - 377k

Property & Casualty
1-2 years - $55k - 84k
3-5 years - $60k - 150k
6-10 years - $78k - 230k
11-15 years - $90k - 300k
16-20 years - $111k - 385k
21+ years - $113k - 500k

Employment Type Mix

95%
Full-Time
5%
Part-Time

Source: Sokanu user data. View more Actuary demographics

Salary Satisfaction

3.8
SCORE
193
RATINGS
Actuaries average a score of 3.8 out of 5 on our salary satisfaction scale. This places Actuaries in the 98th percentile of salary satisfaction.

Source: Sokanu user data. View more Actuary satisfaction

How to Become an Actuary

  1. Take the Sokanu Career Test

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Actuary Earnings by Seniority

Top End Actuary Earnings

The highest earning Actuaries in the United States earn:

$87.64
an hour
$182,281.0
per year
Senior Actuary Earnings

Senior Actuaries in the United States earn:

$64.89
an hour
$134,964.7
per year
Experienced Actuary Earnings

Experienced Actuaries in the United States earn:

$46.62
an hour
$96,975.0
per year
Junior Actuary Earnings

Junior Actuaries in the United States earn:

$34.36
an hour
$71,476.4
per year
Starting Actuary Earnings

Starting Actuaries in the United States earn:

$26.91
an hour
$55,981.7
per year

Approximate values based on highest and lowest earning segments.

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Actuary Salary Comparison

Actuaries earn more than 89% percent of similar careers in the United States.

Financial Manager Salary $124k
Investment Fund Manager Salary $112k
CFO Salary $111k
Actuary Salary $110k
Management Consultant Salary $103k
Securities and Commodities Broker Salary $101k
Stock Trader Salary $100k
Financial Advisor Salary $99k
Source: Sokanu (Aggregated)

Actuary salary by state

Click on a state to learn more

State Hourly Wage Annual Salary Rank
Actuary Salary in Colorado $68.72 $142,940 # 1
Actuary Salary in New York $68.57 $142,630 # 2
Actuary Salary in District of Columbia $58.99 $122,700 # 3
Actuary Salary in Texas $58.32 $121,300 # 4
Actuary Salary in Idaho $57.64 $119,890 # 5
Actuary Salary in Connecticut $56.98 $118,510 # 6
Actuary Salary in Pennsylvania $56.90 $118,360 # 7
Actuary Salary in Maine $56.52 $117,570 # 8
Actuary Salary in North Carolina $56.11 $116,700 # 9
Actuary Salary in New Jersey $54.95 $114,290 # 10
Actuary Salary in California $54.75 $113,880 # 11
Actuary Salary in Washington $54.28 $112,900 # 12
Actuary Salary in Minnesota $54.10 $112,530 # 13
Actuary Salary in United States $53.03 $110,301.3 # 14
Actuary Salary in Georgia $52.91 $110,050 # 15
Actuary Salary in Arkansas $52.31 $108,800 # 16
Actuary Salary in Florida $51.50 $107,130 # 17
Actuary Salary in New Hampshire $51.13 $106,350 # 18
Actuary Salary in Massachusetts $50.38 $104,780 # 19
Actuary Salary in Illinois $49.75 $103,490 # 20
Actuary Salary in Michigan $49.58 $103,130 # 21
Actuary Salary in Indiana $48.53 $100,940 # 22
Actuary Salary in Tennessee $48.46 $100,790 # 23
Actuary Salary in Mississippi $48.35 $100,560 # 24
Actuary Salary in Delaware $48.09 $100,030 # 25
Actuary Salary in Missouri $47.72 $99,260 # 26
Actuary Salary in Iowa $47.05 $97,870 # 27
Actuary Salary in Wisconsin $46.00 $95,690 # 28
Actuary Salary in Oregon $45.94 $95,560 # 29
Actuary Salary in Nebraska $45.26 $94,140 # 30
Actuary Salary in Ohio $45.18 $93,970 # 31
Actuary Salary in Rhode Island $44.88 $93,350 # 32
Actuary Salary in New Mexico $43.37 $90,200 # 33
Actuary Salary in Nevada $42.66 $88,740 # 34
Actuary Salary in Alabama $41.21 $85,710 # 35
Actuary Salary in Oklahoma $38.83 $80,760 # 36
Actuary Salary in Utah $32.60 $67,810 # 37

Career Attributes

  • $110,301
  • 23,600
  • 2.7
  • 22.5%
  • Bachelor's degree
  • Actuarial Science
More Attributes