Actuary Salary in Elk Grove, CA: $132,067 (2026)
Quick Answer:A full-time actuary in Elk Grove, CA earns a median $132,067/year (≈ $63.50/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Elk Grove's price level (13% above national, BEA RPP 113.1), that paycheck buys what $116,770 would nationally. Nominal pay sits 1.5% above the California state average.
Based on BLS state-level estimates · View source
In Elk Grove, California, actuaries can expect to earn a median annual salary of $132,067 in 2026, which slightly trails the national median of $134,160. The salary range for this profession is notable, with entry-level actuaries earning approximately $76,599, while more experienced professionals can command as much as $204,704, showcasing a varied landscape driven by experience and specialization. These figures are derived from 2025 BLS OEWS data, projected to 2026, and reflect local economic factors as well as the demand for expertise in different actuarial sectors, particularly in life/health versus property/casualty markets. The robust demand for actuaries in Elk Grove signals a solid job market, potentially attracting new talent to the area.
About the Elk Grove Market
Salary estimated from California average ($148,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,599 | $36.82 |
| Lower Range (P25) | $95,088 | $45.72 |
| Median (P50)(typical) | $132,067 | $63.50 |
| Upper Range (P75) | $169,046 | $81.27 |
| Top Earners (P90) | $204,704 | $98.41 |
Median Salary Position
1.56% below the national average
2026 Salary Percentile Distribution in Elk Grove
In Elk Grove, CA, the actuary salary spread from the 10th to 90th percentile is $128,105 (2026 est.). At $132,067, the local median is 1.56% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Elk Grove: You'd be in the lower-middle range
How Elk Grove Actuary Pay Compares
Elk Grove median: $132,067/year (2026)
| Compared To | Median Salary | Elk Grove Pays |
|---|---|---|
| California Average | $130,115 | +1.50% more |
| National Average | $134,160 | -1.56% less |
Actuarys in Elk Grove, CA earn a median of $132,067 per year (2026 est.), which is 1.56% lower than the national median of $134,160 and 1.50% above the California state average of $130,115.
Cost-of-Living Adjusted Salary
Elk Grove has a cost of living 13.10% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Elk Grove, CA has a cost-of-living index of 113.1 (above the national average of 100). While the nominal salary of $132,067 is competitive, the higher cost of living reduces purchasing power to an effective $116,770 — a 11.58% reduction.
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2019 BLS Actual
$106,660
2025 BLS Actual
$127,972
2026 Current Est.
$132,067
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Elk Grove (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $106,660 | Actual |
| 2020 | $109,298 | Actual |
| 2021 | $104,248 | Actual |
| 2022 | $112,212 | Actual |
| 2023 | $118,128 | Actual |
| 2024 | $169,934 | Actual |
| 2025 | $127,972 | Actual |
| 2026(current) | $132,067 | Estimated |
| 2027 | $136,293 | Projected |
Based on 7 years of BLS OEWS data for the Elk Grove metropolitan area, the median actuary salary grew 20.0% from $106,660 (2019) to $127,972 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $136,293 by 2027 — a total increase of $29,633 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Elk Grove 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) | $76,599 – $95,088 |
| 3-5 years (Mid Career) | $95,088 – $132,067 |
| 5+ years (Experienced) | $132,067 – $169,046 |
| 10+ years (Top Earner) | $169,046 – $204,704 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Elk Grove
Focusing on the local market, there are currently 25 actuaries employed in Elk Grove, contributing to the region's economy despite the relatively high cost of living index at 113.1. This index suggests that actuaries might find a portion of their earnings absorbed by living expenses compared to the national average. The highest salaries can often be found with employers in the life and health insurance sector, such as Prudential, MetLife, UnitedHealth, and Cigna. Actuaries can maximize their pay through strategic choices like specializing in high-demand areas, progressing through exams—which typically yield $3,000 to $8,000 increases per passed exam—and targeting firms that reward credentials such as FSA or FCAS, particularly in consulting environments where expertise in predictive analytics is increasingly valued. Understanding these dynamics can significantly enhance earning potential within Elk Grove's unique market.
More salary data for Elk Grove, 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 $127,972 for actuariesin the Elk Grove 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 Elk Grove 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