Actuary Salary in Anchorage, AK: $118,426 (2026)
Quick Answer:A full-time actuary in Anchorage, AK earns a median $118,426/year (≈ $56.94/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Anchorage's price level (6% above national, BEA RPP 106.1), that paycheck buys what $111,617 would nationally. Nominal pay sits 3.9% above the Alaska state average.
Based on BLS state-level estimates · View source
In 2026, the median actuary salary in Anchorage, Alaska is projected to be $118,426, offering a competitive alternative to the national average of $134,160. With salaries ranging from $68,687 at the 10th percentile to $183,561 at the 90th percentile, the variation reflects both the demand for actuaries and the nuances of the local job market. Estimates derived from 2025 BLS data and adjusted for regional price levels indicate that Anchorage provides opportunities for both entry-level and senior actuaries to thrive, albeit with a salary slightly below the national benchmark. This market showcases the complex dynamics of the profession, encouraging actuaries to pursue further credentials and specialty areas to maximize their earnings.
About the Anchorage Market
Salary estimated from Alaska average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $68,687 | $33.02 |
| Lower Range (P25) | $85,267 | $40.99 |
| Median (P50)(typical) | $118,426 | $56.94 |
| Upper Range (P75) | $151,585 | $72.88 |
| Top Earners (P90) | $183,561 | $88.25 |
Median Salary Position
11.73% below the national average
2026 Salary Percentile Distribution in Anchorage
In Anchorage, AK, the actuary salary spread from the 10th to 90th percentile is $114,874 (2026 est.). At $118,426, the local median is 11.73% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Anchorage: You'd be in the lower-middle range
How Anchorage Actuary Pay Compares
Anchorage median: $118,426/year (2026)
| Compared To | Median Salary | Anchorage Pays |
|---|---|---|
| Alaska Average | $113,981 | +3.90% more |
| National Average | $134,160 | -11.73% less |
Actuarys in Anchorage, AK earn a median of $118,426 per year (2026 est.), which is 11.73% lower than the national median of $134,160 and 3.90% above the Alaska state average of $113,981.
Cost-of-Living Adjusted Salary
Anchorage has a cost of living 6.10% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Anchorage, AK has a cost-of-living index of 106.1 (above the national average of 100). While the nominal salary of $118,426 is competitive, the higher cost of living reduces purchasing power to an effective $111,617 — a 5.75% reduction.
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2019 BLS Actual
$95,643
2025 BLS Actual
$114,754
2026 Current Est.
$118,426
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Anchorage (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $95,643 | Actual |
| 2020 | $98,009 | Actual |
| 2021 | $93,480 | Actual |
| 2022 | $100,622 | Actual |
| 2023 | $105,927 | Actual |
| 2024 | $126,827 | Actual |
| 2025 | $114,754 | Actual |
| 2026(current) | $118,426 | Estimated |
| 2027 | $122,216 | Projected |
Based on 7 years of BLS OEWS data for the Anchorage metropolitan area, the median actuary salary grew 20.0% from $95,643 (2019) to $114,754 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $122,216 by 2027 — a total increase of $26,573 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Anchorage 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $68,687 – $85,267 |
| 3-5 years (Mid Career) | $85,267 – $118,426 |
| 5+ years (Experienced) | $118,426 – $151,585 |
| 10+ years (Top Earner) | $151,585 – $183,561 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Anchorage
The job outlook for actuaries in Anchorage is promising, with approximately 65 professionals currently employed in the field. This number suggests a consolidating market where demand can drive competition and pay. However, the cost of living index stands at 106.1, indicating that while salaries may be attractive, purchasing power requires careful consideration. Employers like Prudential and UnitedHealth typically offer the top-tier pay, with life and health insurance sectors leading compensation strategies. Salary disparities can arise from various factors, notably the exam progression where each passed exam can yield an increase of $3K-$8K annually. Additionally, the move from Associate to Fellow status often results in significant pay jumps. Actuaries aspiring to enhance their pay should focus on specialized training, pursue credential completion, and seek roles within firms that offer robust study time benefits and signing bonuses, thus optimizing their earning potential in this vibrant Alaskan market.
More salary data for Anchorage, AK:
Frequently Asked Questions
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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
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 BLS reported a median annual salary of $114,754 for actuariesin the Anchorage metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Anchorage 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