Actuary Salary in Alaska: $116,307 (2026)
Quick Answer:Across Alaska's 5 metropolitan areas, the average median actuary pay sits at $116,307/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 15-2011. Because Alaska sits at BEA RPP 106.1 (6% above the U.S. baseline), that statewide median translates to roughly $109,620 in nationally-comparable purchasing power. Highest-paying metros: Anchorage ($114,754), Fairbanks ($109,500), Juneau ($109,140).
In 2026, actuaries in Alaska can expect an average median salary of $116,307, which is notably lower than the national median of $134,160, indicating a salary difference of 13.3%. Anchorage stands out as the highest-paying city with a projected salary of $118,426, while Sitka offers the lowest compensation at $105,259, resulting in a salary gap of $13,167. The disparity is mainly driven by factors such as the concentration of insurance companies and businesses in urban areas like Anchorage compared to smaller cities. For aspiring actuaries, Alaska has specific state licensing requirements and practice laws that must be adhered to. The demand for actuaries is primarily influenced by the state's unique economic landscape, which includes a focus on risk management in industries such as healthcare, insurance, and natural resources. With a projected job growth rate of 3.20% annually, the market for actuaries in Alaska is slowly expanding, suggesting steady opportunities for employment. In addition to Anchorage, other cities like Fairbanks ($113,004) and Juneau ($112,632) are also seeing promising salary projections, indicating a healthy job market for professionals in this field.
Alaska Actuary Salary Range
Overall salary range in Alaska: $65,653 (lowest entry-level) to $183,561 (highest top earner)
Alaska vs National Average
Alaska actuaries earn 13.31% less than the national median ($-17,853/year difference).
Alaska Actuary Salary Distribution (2026)
Actuary salaries in Alaska range from $68,659 (entry-level, 10th percentile) to $180,247 (top earners, 90th percentile), with a median of $116,307. The Alaska median is $17,853 below the US national median of $134,160. The average hourly rate is $55.92/hr. Approximately 85 actuarys are employed across 5 cities.
2019 BLS Actual
$93,932
2025 BLS Actual
$112,701
2026 Current Est.
$116,307
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Alaska (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $93,932 | Actual |
| 2020 | $96,255 | Actual |
| 2021 | $91,808 | Actual |
| 2022 | $98,821 | Actual |
| 2023 | $104,032 | Actual |
| 2024 | $124,558 | Actual |
| 2025 | $112,701 | Actual |
| 2026(current) | $116,307 | Estimated |
| 2027 | $120,029 | Projected |
Based on 7 years of BLS OEWS data for the Alaska metropolitan area, the median actuary salary grew 20.0% from $93,932 (2019) to $112,701 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $120,029 by 2027 — a total increase of $26,097 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Alaska 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.
Top 5 Highest Paying Cities in Alaska
Best Value Cities for Actuaries in Alaska
When adjusted for local cost of living, these Alaska cities offer the most purchasing power for actuaries.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Anchorage | $118,426 | 106.1 | $111,617 |
| Fairbanks | $113,004 | 106.1 | $106,507 |
| Juneau | $112,632 | 106.1 | $106,156 |
| Wasilla | $105,328 | 106.1 | $99,272 |
| Sitka | $105,259 | 106.1 | $99,207 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Alaska
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $68,659 |
| Mid Career (3-7 years) | $116,307 |
| Experienced (7+ years) | $180,247 |
Estimates based on BLS percentile data averaged across Alaska metro areas. Individual pay varies by employer, certifications, and specialization.
All 5 Cities in Alaska
More Alaska Salary Data
Explore More Actuary Salary Data
Frequently Asked Questions
How much do actuaries make in Alaska in 2026?
What is the highest paying city for actuaries in Alaska?
How does Alaska actuary pay compare to the national average?
What is the entry-level actuary salary in Alaska?
How many actuaries are employed in Alaska?
Which Alaska city offers the best value for actuaries?
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
Statewide 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. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to each metro area's reported salary to estimate current 2026 actuary compensation across Alaska. State averages are employment-weighted across 5 metro areas — larger metro areas with more actuariescontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 2-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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