Actuary Salary in Concord, CA: $133,371 (2026)
Quick Answer:A full-time actuary in Concord, CA earns a median $133,371/year (≈ $64.12/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Concord's price level (13% above national, BEA RPP 113.1), that paycheck buys what $117,923 would nationally. Nominal pay sits 2.5% above the California state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Concord, California, can expect to earn a median annual salary of $133,371, a figure slightly below the national average of $134,160. The salary range for this profession in the area spans from $77,428 at the 10th percentile to $206,724 at the 90th percentile, indicating a significant variation based on experience, specialization, and employer type. These estimates, derived from 2025 BLS data and adjusted for regional economic conditions, highlight the competitive compensation landscape which varies notably between consulting firms and insurance companies. Actuaries employed at consulting firms like Milliman and Mercer often see higher salaries compared to those in the insurance sector, reflecting the broader pay gradient in the industry.
About the Concord Market
Salary estimated from California average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $77,428 | $37.22 |
| Lower Range (P25) | $97,026 | $46.65 |
| Median (P50)(typical) | $133,371 | $64.12 |
| Upper Range (P75) | $170,714 | $82.07 |
| Top Earners (P90) | $206,724 | $99.38 |
Median Salary Position
0.59% below the national average
2026 Salary Percentile Distribution in Concord
In Concord, CA, the actuary salary spread from the 10th to 90th percentile is $129,296 (2026 est.). At $133,371, the local median is 0.59% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Concord: You'd be in the lower-middle range
How Concord Actuary Pay Compares
Concord median: $133,371/year (2026)
| Compared To | Median Salary | Concord Pays |
|---|---|---|
| California Average | $130,118 | +2.50% more |
| National Average | $134,160 | -0.59% less |
Actuarys in Concord, CA earn a median of $133,371 per year (2026 est.), which is 0.59% lower than the national median of $134,160 and 2.50% above the California state average of $130,118.
Cost-of-Living Adjusted Salary
Concord has a cost of living 13.10% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Concord, CA has a cost-of-living index of 113.1 (above the national average of 100). While the nominal salary of $133,371 is competitive, the higher cost of living reduces purchasing power to an effective $117,923 — a 11.58% reduction.
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2019 BLS Actual
$107,712
2025 BLS Actual
$129,235
2026 Current Est.
$133,371
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Concord (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $107,712 | Actual |
| 2020 | $110,377 | Actual |
| 2021 | $105,277 | Actual |
| 2022 | $113,319 | Actual |
| 2023 | $119,294 | Actual |
| 2024 | $171,611 | Actual |
| 2025 | $129,235 | Actual |
| 2026(current) | $133,371 | Estimated |
| 2027 | $137,638 | Projected |
Based on 7 years of BLS OEWS data for the Concord metropolitan area, the median actuary salary grew 20.0% from $107,712 (2019) to $129,235 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $137,638 by 2027 — a total increase of $29,926 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Concord 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) | $77,428 – $97,026 |
| 3-5 years (Mid Career) | $97,026 – $133,371 |
| 5+ years (Experienced) | $133,371 – $170,714 |
| 10+ years (Top Earner) | $170,714 – $206,724 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Concord
Concord's job market includes 29 actuaries, showcasing a stable yet specialized demand for their expertise, especially considering the local cost of living index of 113.1, which indicates a higher than average living expense. This cost reality means that while salaries may seem attractive, take-home purchasing power must be carefully evaluated in light of local housing and cost factors. Employers such as Prudential and UnitedHealth tend to offer competitive pay, but those seeking higher compensation should also consider the strategic advantage of firms like Aon or WTW, where FSAs and predictive analytics skills are rewarded more generously. Maximizing earnings in Concord involves not just pursuing higher-level credentials like FSA but also choosing the right specialty, as roles in property & casualty or consulting often command higher salaries compared to life or health insurance positions. Frequent exam progression and leveraging valuable skill sets can also lead to significant pay increases, reinforcing the importance of targeted career planning in this local market.
More salary data for Concord, CA:
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 $129,235 for actuariesin the Concord 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 Concord 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