Actuaries are professionals who use mathematical and statistical modeling to analyze and manage risk in insurance, finance, and other industries. By assessing the probability and financial impact of future events, they help businesses make informed decisions and develop strategies to minimize potential losses. Actuaries play a crucial role in shaping the financial security of societies and individuals alike.
This article will explore the best states for actuaries, based on the average annual salary for the occupation.
- 1. New Hampshire ($160,090)
- 2. New York ($154,680)
- 3. North Carolina ($146,960)
- 4. Connecticut ($146,740)
- 5. Massachusetts ($144,020)
- 6. District of Columbia ($139,780)
- 7. Indiana ($138,160)
- 8. Louisiana ($132,150)
- 9. New Jersey ($131,110)
- 10. Illinois ($131,080)
- Conclusion
Key Takeaways
- The highest-paid actuaries are in New Hampshire, where they earn an average of $160,090 per year.
- The lowest-paid actuaries are in Michigan, where they earn an average of $-1 per year.
- The U.S. average salary for actuaries is $115,683 per year.
1. New Hampshire ($160,090)
Actuaries in New Hampshire earn the highest average salary in the U.S. The median annual salary for
actuaries in New Hampshire is
$160,090, which is +38% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $160,090 |
| 10th Percentile | $119,430 |
| 25th Percentile | $129,980 |
| 75th Percentile | $166,510 |
| 90th Percentile | $-3 |
2. New York ($154,680)
Actuaries in New York earn the 2nd highest average salary in the U.S. The median annual salary for
actuaries in New York is
$154,680, which is +34% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $154,680 |
| 10th Percentile | $67,080 |
| 25th Percentile | $97,160 |
| 75th Percentile | $181,900 |
| 90th Percentile | $-3 |
3. North Carolina ($146,960)
Actuaries in North Carolina earn the 3rd highest average salary in the U.S. The median annual salary for
actuaries in North Carolina is
$146,960, which is +27% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $146,960 |
| 10th Percentile | $76,610 |
| 25th Percentile | $91,860 |
| 75th Percentile | $170,500 |
| 90th Percentile | $236,460 |
4. Connecticut ($146,740)
Actuaries in Connecticut earn the 4th highest average salary in the U.S. The median annual salary for
actuaries in Connecticut is
$146,740, which is +27% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $146,740 |
| 10th Percentile | $85,110 |
| 25th Percentile | $104,080 |
| 75th Percentile | $173,690 |
| 90th Percentile | $217,260 |
5. Massachusetts ($144,020)
Actuaries in Massachusetts earn the 5th highest average salary in the U.S. The median annual salary for
actuaries in Massachusetts is
$144,020, which is +24% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $144,020 |
| 10th Percentile | $82,810 |
| 25th Percentile | $101,820 |
| 75th Percentile | $168,720 |
| 90th Percentile | $217,800 |
6. District of Columbia ($139,780)
Actuaries in District of Columbia earn the 6th highest average salary in the U.S. The median annual salary for
actuaries in District of Columbia is
$139,780, which is +21% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $139,780 |
| 10th Percentile | $95,060 |
| 25th Percentile | $124,610 |
| 75th Percentile | $164,090 |
| 90th Percentile | $176,280 |
7. Indiana ($138,160)
Actuaries in Indiana earn the 7th highest average salary in the U.S. The median annual salary for
actuaries in Indiana is
$138,160, which is +19% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $138,160 |
| 10th Percentile | $67,320 |
| 25th Percentile | $73,730 |
| 75th Percentile | $229,950 |
| 90th Percentile | $-3 |
8. Louisiana ($132,150)
Actuaries in Louisiana earn the 8th highest average salary in the U.S. The median annual salary for
actuaries in Louisiana is
$132,150, which is +14% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $132,150 |
| 10th Percentile | $83,340 |
| 25th Percentile | $103,600 |
| 75th Percentile | $159,570 |
| 90th Percentile | $190,590 |
9. New Jersey ($131,110)
Actuaries in New Jersey earn the 9th highest average salary in the U.S. The median annual salary for
actuaries in New Jersey is
$131,110, which is +13% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $131,110 |
| 10th Percentile | $84,410 |
| 25th Percentile | $99,740 |
| 75th Percentile | $156,500 |
| 90th Percentile | $192,440 |
10. Illinois ($131,080)
Actuaries in Illinois earn the 10th highest average salary in the U.S. The median annual salary for
actuaries in Illinois is
$131,080, which is +13% from the national average.
| Type | Annual Salary |
|---|
| Median Wage | $131,080 |
| 10th Percentile | $77,510 |
| 25th Percentile | $86,080 |
| 75th Percentile | $157,990 |
| 90th Percentile | $206,910 |
Conclusion
The highest-paid actuaries are in New Hampshire, where they earn an average of $160,090 per year. The lowest-paid actuaries are in Michigan, where they earn an average of $-1 per year. The U.S. average salary for actuaries is $115,683 per year and there are 25,040 jobs in the field.
