Actuary Salary in Cheshire, CT: $138,209 (2026)
Quick Answer:A full-time actuary in Cheshire, CT earns a median $138,209/year (≈ $66.45/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Cheshire's price level (8% above national, BEA RPP 107.9), that paycheck buys what $128,090 would nationally. Nominal pay sits 4.5% below the Connecticut state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Cheshire, Connecticut, are projected to earn a median annual salary of $138,209, reflecting a competitive rate compared to the national median of $134,160. The salary range for these professionals in the area varies significantly, from $88,750 at the 10th percentile to $214,224 at the 90th percentile, indicating a robust market with opportunities for advancement. These figures are based on 2025 BLS OEWS data, projected to 2026, and adjusted for local economic conditions. Notably, actuaries working in consulting firms such as Milliman, Mercer, and WTW typically command higher compensation compared to those employed by insurers, making this distinction crucial for job seekers in Cheshire's actuarial market.
About the Cheshire Market
Salary estimated from Connecticut average ($145,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $88,750 | $42.67 |
| Lower Range (P25) | $106,337 | $51.13 |
| Median (P50)(typical) | $138,209 | $66.45 |
| Upper Range (P75) | $176,906 | $85.05 |
| Top Earners (P90) | $214,224 | $102.99 |
Median Salary Position
3.02% above the national average
2026 Salary Percentile Distribution in Cheshire
In Cheshire, CT, the actuary salary spread from the 10th to 90th percentile is $125,474 (2026 est.). At $138,209, the local median is 3.02% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Cheshire: You'd be in the lower-middle range
How Cheshire Actuary Pay Compares
Cheshire median: $138,209/year (2026)
| Compared To | Median Salary | Cheshire Pays |
|---|---|---|
| Connecticut Average | $144,721 | -4.50% less |
| National Average | $134,160 | +3.02% more |
Actuarys in Cheshire, CT earn a median of $138,209 per year (2026 est.), which is 3.02% higher than the national median of $134,160 and 4.50% below the Connecticut state average of $144,721.
Cost-of-Living Adjusted Salary
Cheshire has a cost of living 7.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Cheshire, CT has a cost-of-living index of 107.9 (above the national average of 100). While the nominal salary of $138,209 is competitive, the higher cost of living reduces purchasing power to an effective $128,090 — a 7.32% reduction.
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2019 BLS Actual
$111,620
2025 BLS Actual
$133,923
2026 Current Est.
$138,209
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Cheshire (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $111,620 | Actual |
| 2020 | $114,381 | Actual |
| 2021 | $109,096 | Actual |
| 2022 | $117,430 | Actual |
| 2023 | $123,621 | Actual |
| 2024 | $149,376 | Actual |
| 2025 | $133,923 | Actual |
| 2026(current) | $138,209 | Estimated |
| 2027 | $142,631 | Projected |
Based on 7 years of BLS OEWS data for the Cheshire metropolitan area, the median actuary salary grew 20.0% from $111,620 (2019) to $133,923 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $142,631 by 2027 — a total increase of $31,011 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Cheshire 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) | $88,750 – $106,337 |
| 3-5 years (Mid Career) | $106,337 – $138,209 |
| 5+ years (Experienced) | $138,209 – $176,906 |
| 10+ years (Top Earner) | $176,906 – $214,224 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Cheshire
The local job market for actuaries in Cheshire comprises a small but specialized group, with only four actuaries currently employed in the area. While the cost of living index stands at 107.9, slightly above the national average, this can impact purchasing power for professionals earning competitive salaries. Among local employers, consulting firms often offer the highest pay, followed by life insurance companies like Prudential and health insurers such as UnitedHealth. Actuaries can maximize their compensation by advancing through exam progression; each passed exam typically increases pay by $3,000 to $8,000. Additionally, pursuing fellow status—either as an ASA to FSA via the Society of Actuaries (SOA) or as an ACAS to FCAS through the Casualty Actuarial Society (CAS)—can lead to significant pay jumps, especially in the consulting space.
More salary data for Cheshire, CT:
Frequently Asked Questions
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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
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 $133,923 for actuariesin the Cheshire 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 Cheshire 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