Entry-Level Actuary Salary in Springfield, OR: $84,387 (2026)
Quick Answer:New actuaries entering the Springfield, OR job market in 2026 can expect a starting salary around $84,387 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Springfield's local price level (BEA RPP 102.6 — 3% above national), a first-year paycheck buys what $82,249 would in average-cost America. Most reach the city median ($134,511) within a few years of clinical practice.
Based on BLS state-level estimates · View source
For those stepping into the actuarial profession in Springfield, Oregon, the starting figures for 2026 paint a promising picture. Fresh graduates can expect an entry-level actuary salary Springfield near $84,387, which can rise considerably as they progress in their careers. Over the first few years, as new actuaries gain experience and possibly additional credentials, this figure can reasonably advance to about $102,381 and close in on the median for the city of $134,511. This growth trajectory highlights the potential for recent grads to build on their initial salary through both experience and the acquisition of professional qualifications. The local job market for actuaries demonstrates a healthy outlook, making Springfield an attractive option for new graduates seeking to launch their careers in this sector.
Several companies within Springfield actively seek out fresh actuarial talent, making the initial job hunt a bit more straightforward for new grads. Major life insurance firms such as Prudential, MetLife, and Northwestern Mutual are known to recruit entry-level actuaries and typically offer comprehensive training programs alongside structured study time for actuarial exams. Health insurance companies and consulting firms like Milliman, Mercer, Aon, and WTW also play a crucial role in the local market, often paying premium salaries for new analysts who have obtained the ASA credential or are pursuing it. In Oregon, completing a bachelor's degree in areas such as mathematics or actuarial science serves as a solid foundation. Continuing education through exam progressions significantly influences pay — each passed exam adds an estimated $3k to $8k to the base salary, underscoring the importance of early exam success for career advancement. With realistic expectations, new actuaries might see their starting actuary salary Springfield grow as they navigate their first few years in the field, especially with a strong focus on predictive analytics skills becoming increasingly valuable.
About the Springfield Market
Salary estimated from Oregon average ($122,000) adjusted for local cost of living.
Career Earnings Timeline in Springfield
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Springfield
Entry-level actuarys in Springfield, OR typically start between $84,387 and $102,381 per year (2026 est.). The full salary range spans $124,105 from the 10th to 90th percentile, with the local median at $134,511 — 0.26% above the national median.
Return on Investment
The average actuarial science program cost in Oregon of $58,000 represents just 68.73% of the starting actuary pay ($84,387/year) in Springfield. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates cover bachelor's degree tuition at public and private universities, plus estimated actuarial exam fees and study materials. Employers often cover exam costs once employed.
ASA, FSA Salary Negotiation Tips for New Graduates in Springfield
- 1Research the Springfield market: entry-level actuary pay ranges from $84,387 to $102,381, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the actuarial science field — employers in OR often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Springfield, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Springfield for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Springfield's moderate cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Springfield is $124,105 ( 147.07%) between entry-level and top earners. Starting at $84,387, experienced hygienists can earn up to $208,492.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$67,502
2025 BLS Actual
$81,770
2026 Current Est.
$84,387
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Springfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $67,502 | Actual |
| 2020 | $68,719 | Actual |
| 2021 | $65,836 | Actual |
| 2022 | $74,683 | Actual |
| 2023 | $78,450 | Actual |
| 2024 | $75,986 | Actual |
| 2025 | $81,770 | Actual |
| 2026(current) | $84,387 | Estimated |
| 2027 | $87,087 | Projected |
Entry-level actuary compensation (10th percentile) in Springfield, OR grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $67,502 in 2019 to $81,770 in 2025. By 2027, starting salaries are projected to reach $87,087. New graduates entering the Springfield job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Springfield metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
More salary data for Springfield, OR:
Frequently Asked Questions
What is the starting salary for actuaries in Springfield in 2026?
How fast do actuary salaries grow in Springfield?
Is actuarial science school worth it in Springfield?
What do new actuaries make right out of school in Springfield?
How do I become a actuary in Oregon?
Related Pages
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Entry-level salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The 10th percentile (entry-level) is used as the starting salary benchmark for new actuarial science graduates. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Springfield. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Springfield is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov