Actuaries
SOC 15-2011 • View wages by state
The median annual wage for Actuaries is $120,000, based on BLS OEWS 2023 data. The mean annual wage is $132,500, and an estimated 25,470 workers are employed in this occupation nationally. Between 2020 and 2023, pay rose +8.1% while consumer prices rose 17.7% — a real change of -8.2% (pay did not keep up with inflation). BLS projects employment will grow 21.8% between 2024 and 2034.
Wage Trend & Inflation Adjustment
How the national median wage for Actuaries has moved across BLS OEWS release years, and what each year's wage is worth in 2023 dollars after adjusting for CPI inflation. "Real" change strips out inflation — the truest measure of whether pay is actually rising.
| Year | Median (nominal) | In 2023 $ (real) | Employment |
|---|---|---|---|
| 2023 | $120,000 | $120,000 | 25,470 |
| 2022 | $113,990 | $118,682 | 25,010 |
| 2021 | $105,900 | $119,083 | 23,040 |
| 2020 | $111,030 | $130,717 | 22,480 |
Nominal change
+8.1%
Inflation (CPI)
+17.7%
Real change
-8.2%
Job Outlook (2024–2034 BLS projection)
The BLS Employment Projections program estimates how each occupation's employment will change over the coming decade, and how many job openings to expect each year (from both growth and the need to replace workers who leave).
Projected Growth
+21.8%
Much faster than average
Employment 2024
33,600
Projected 2034
40,900
Annual Openings
2,400
Typical entry-level education: Bachelor's degree.
Highest-Paying Areas (2023)
Where Actuaries earn the most, and how each area's median compares to the national median of $120,000. A positive premium means the area pays above the national rate.
| Area | Median Annual | vs National | Employment |
|---|---|---|---|
| District of Columbia | $145,600 | +21.3% | 270 |
| New York | $140,760 | +17.3% | 2,890 |
| New Hampshire | $136,550 | +13.8% | 70 |
| New Jersey | $135,710 | +13.1% | 1,610 |
| Massachusetts | $135,000 | +12.5% | 1,100 |
| Connecticut | $133,380 | +11.2% | 1,290 |
| Washington | $132,980 | +10.8% | 230 |
| Colorado | $131,110 | +9.3% | 760 |
| North Carolina | $130,190 | +8.5% | 590 |
| Georgia | $128,200 | +6.8% | 400 |
Wage Distribution (National, 2023)
10th, 25th, 50th (median), 75th, and 90th percentile annual wages from BLS OEWS — the full spread, not just an average.
10th Pct
$75,380
25th Pct
$88,420
Median
$120,000
75th Pct
$164,320
90th Pct
$209,310
H-1B Employer Filings
Employer-certified wages from DOL H-1B LCA filings — competitive market benchmark, not approved visas.
| Employer | State | Filings | Median Wage |
|---|---|---|---|
| Milliman, Inc. | IL | 6 | $114,445 |
| Ernst & Young U.S. LLP | NY | 4 | $273,900 |
| Axis Specialty U.S. Services, Inc. | NY | 4 | $140,000 |
| SCOR Global Life Americas Reinsurance Company | NC | 4 | $123,053 |
| American General Life Insurance Company | NJ | 3 | $88,800 |
| Pacific Life Insurance Company | CA | 3 | $181,427 |
| The Prudential Insurance Company of America | NJ | 3 | $155,600 |
| AIG PC Global Services, Inc. | NY | 2 | $147,500 |
| Legal & General America, Inc. | MD | 2 | $95,000 |
| Mercer (US) LLC | NY | 2 | $166,305 |
| Ernst & Young U.S. LLP | IL | 2 | $179,842 |
| RGA Enterprise Services Company | MO | 2 | $146,906 |
| Cigna Health and Life Insurance Company | CT | 2 | $113,000 |
| Aon Consulting, Inc. | IL | 2 | $240,500 |
| Ernst & Young U.S. LLP | VA | 2 | $140,000 |
| NEW YORK LIFE INSURANCE COMPANY | NY | 2 | $102,680 |
| Munich Re America Services, Inc. | NJ | 2 | $97,500 |
| NFP PROPERTY & CASUALTY SERVICES, INC. | NJ | 1 | $210,000 |
| California Capital Insurance Company | NV | 1 | $104,325 |
| ACE American Insurance Company | PA | 1 | $121,140 |
Source: DOL Office of Foreign Labor Certification, H-1B LCA data.
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