Actuary Salary in Manchester, CT: $145,988 (2026)
Quick Answer:A full-time actuary in Manchester, CT earns a median $145,988/year (≈ $70.19/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Manchester's price level (8% above national, BEA RPP 107.9), that paycheck buys what $135,299 would nationally. Nominal pay sits 0.8% above the Connecticut state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $145,988 in 2026, actuaries in Manchester, CT, enjoy a competitive edge over the national median of $134,160, reflecting a notable increase of 8.82%. The salary range for this occupation spans from $86,691 at the 10th percentile to an impressive $226,281 at the 90th percentile, indicating a healthy market for experience and specialized skills. These compensation figures are derived from state-level estimates based on 2025 BLS data and adjusted for regional price parities. The opportunities for actuaries in Manchester also reflect the city’s modest professional climate, influenced by various local employers and the demand for advanced qualifications.
About the Manchester Market
Salary estimated from Connecticut average ($145,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $86,691 | $41.68 |
| Lower Range (P25) | $107,893 | $51.87 |
| Median (P50)(typical) | $145,988 | $70.19 |
| Upper Range (P75) | $186,864 | $89.84 |
| Top Earners (P90) | $226,281 | $108.79 |
Median Salary Position
8.82% above the national average
2026 Salary Percentile Distribution in Manchester
In Manchester, CT, the actuary salary spread from the 10th to 90th percentile is $139,590 (2026 est.). At $145,988, the local median is 8.82% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Manchester: You'd be in the lower-middle range
How Manchester Actuary Pay Compares
Manchester median: $145,988/year (2026)
| Compared To | Median Salary | Manchester Pays |
|---|---|---|
| Connecticut Average | $144,829 | +0.80% more |
| National Average | $134,160 | +8.82% more |
Actuarys in Manchester, CT earn a median of $145,988 per year (2026 est.), which is 8.82% higher than the national median of $134,160 and 0.80% above the Connecticut state average of $144,829.
Cost-of-Living Adjusted Salary
Manchester has a cost of living 7.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Manchester, CT has a cost-of-living index of 107.9 (above the national average of 100). While the nominal salary of $145,988 is competitive, the higher cost of living reduces purchasing power to an effective $135,299 — a 7.32% reduction.
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2019 BLS Actual
$117,902
2025 BLS Actual
$141,461
2026 Current Est.
$145,988
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Manchester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $117,902 | Actual |
| 2020 | $120,819 | Actual |
| 2021 | $115,236 | Actual |
| 2022 | $124,040 | Actual |
| 2023 | $130,579 | Actual |
| 2024 | $157,784 | Actual |
| 2025 | $141,461 | Actual |
| 2026(current) | $145,988 | Estimated |
| 2027 | $150,659 | Projected |
Based on 7 years of BLS OEWS data for the Manchester metropolitan area, the median actuary salary grew 20.0% from $117,902 (2019) to $141,461 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $150,659 by 2027 — a total increase of $32,757 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Manchester 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) | $86,691 – $107,893 |
| 3-5 years (Mid Career) | $107,893 – $145,988 |
| 5+ years (Experienced) | $145,988 – $186,864 |
| 10+ years (Top Earner) | $186,864 – $226,281 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Manchester
In Manchester’s market, 11 actuaries are currently employed, and the cost of living index sits at 107.9, suggesting that while salaries are strong, purchasing power is slightly affected by local expenses. Major employers in the area, such as Prudential and Cigna, tend to offer higher salaries, especially for positions requiring extensive credentials, like Fellow of the Society of Actuaries (FSA). The disparity in pay is largely driven by the completion of actuarial exams and specialization within fields—properties and casualty reinsurance roles typically command higher salaries than life and health sectors. To maximize earnings in this market, aspiring actuaries should focus on obtaining advanced certifications and consider roles in consulting firms like Mercer or Aon, which often reward FSAs with higher compensation packages.
More salary data for Manchester, CT:
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 $141,461 for actuariesin the Manchester 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 Manchester 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