Actuary Salary in Milford, CT: $141,540 (2026)
Quick Answer:A full-time actuary in Milford, CT earns a median $141,540/year (≈ $68.05/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Milford's price level (8% above national, BEA RPP 107.9), that paycheck buys what $131,177 would nationally. Nominal pay sits 2.2% below the Connecticut state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Milford, Connecticut, can expect a median annual salary of $141,540, which surpasses the national median by 5.50%. The regional salary range for actuaries in this area extends from $88,923 at the 10th percentile to $219,387 at the 90th percentile, reflecting a competitive market influenced by specialty choices between life, health, pension (SOA) and property & casualty (CAS) paths. These figures are derived from estimates based on 2025 BLS data and adjusted for local cost-of-living factors. The demand for actuarial expertise, especially in emerging fields such as predictive analytics, positions Milford's job market as an attractive option for those pursuing actuarial careers.
About the Milford Market
Salary estimated from Connecticut average ($145,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $88,923 | $42.76 |
| Lower Range (P25) | $107,825 | $51.84 |
| Median (P50)(typical) | $141,540 | $68.05 |
| Upper Range (P75) | $181,171 | $87.10 |
| Top Earners (P90) | $219,387 | $105.47 |
Median Salary Position
5.50% above the national average
2026 Salary Percentile Distribution in Milford
In Milford, CT, the actuary salary spread from the 10th to 90th percentile is $130,464 (2026 est.). At $141,540, the local median is 5.5% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Milford: You'd be in the lower-middle range
How Milford Actuary Pay Compares
Milford median: $141,540/year (2026)
| Compared To | Median Salary | Milford Pays |
|---|---|---|
| Connecticut Average | $144,724 | -2.20% less |
| National Average | $134,160 | +5.50% more |
Actuarys in Milford, CT earn a median of $141,540 per year (2026 est.), which is 5.50% higher than the national median of $134,160 and 2.20% below the Connecticut state average of $144,724.
Cost-of-Living Adjusted Salary
Milford has a cost of living 7.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Milford, CT has a cost-of-living index of 107.9 (above the national average of 100). While the nominal salary of $141,540 is competitive, the higher cost of living reduces purchasing power to an effective $131,177 — a 7.32% reduction.
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2019 BLS Actual
$114,310
2025 BLS Actual
$137,151
2026 Current Est.
$141,540
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Milford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $114,310 | Actual |
| 2020 | $117,138 | Actual |
| 2021 | $111,725 | Actual |
| 2022 | $120,260 | Actual |
| 2023 | $126,601 | Actual |
| 2024 | $152,976 | Actual |
| 2025 | $137,151 | Actual |
| 2026(current) | $141,540 | Estimated |
| 2027 | $146,069 | Projected |
Based on 7 years of BLS OEWS data for the Milford metropolitan area, the median actuary salary grew 20.0% from $114,310 (2019) to $137,151 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $146,069 by 2027 — a total increase of $31,759 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Milford 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) | $88,923 – $107,825 |
| 3-5 years (Mid Career) | $107,825 – $141,540 |
| 5+ years (Experienced) | $141,540 – $181,171 |
| 10+ years (Top Earner) | $181,171 – $219,387 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Milford
Evaluating the local job market further reveals that there are currently nine actuaries employed in Milford, providing a sense of community among professionals. The cost-of-living index of 107.9 means that while salaries are competitive, they must also accommodate the higher living expenses in the area, affecting take-home purchasing power. Major employers in Milford, such as Prudential and MetLife in the life insurance sector, offer robust compensation, while others in health and managed care, like Cigna and UnitedHealth, are also significant payers. The wide disparity in salaries can often be attributed to exam progression; each passed exam can lead to raises, and pursuing additional credentials such as ASA or FSA can substantially enhance earning potential. To maximize pay in this Milford market, candidates should focus on gaining relevant experience and showcasing skills in data science and analytics, as these are becoming increasingly valuable in the industry. Additionally, exploring opportunities with consulting firms that cater to higher pay scales for FSAs and FCAS can yield significant benefits.
More salary data for Milford, 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 $137,151 for actuariesin the Milford 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 Milford 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