Actuary Salary in Waterbury, CT: $148,020 (2026)
Quick Answer:A full-time actuary in Waterbury, CT earns a median $148,020/year (≈ $71.17/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Waterbury's price level (0% above national, BEA RPP 99.8), that paycheck buys what $148,349 would nationally. Nominal pay sits 2.3% above the Connecticut state average.
Official BLS data · View source
In Waterbury, Connecticut, the 2026 median annual salary for actuaries is projected at $148,020, surpassing the national average of $134,160 by approximately 10.33%. The salaries in this region demonstrate a wide range, from $93,396 at the lower 10th percentile to $194,811 for those in the 90th percentile. These figures, derived from 2025 BLS OEWS data and projected to 2026, reflect the differences in compensation that can be attributed to the actuarial profession’s distinct sectors. Actuaries working in consulting firms such as Milliman or Mercer often enjoy higher compensation compared to their counterparts in insurance roles, reflecting broader market trends in pay gradients.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $93,396 | $44.90 |
| Lower Range (P25) | $101,559 | $48.82 |
| Median (P50)(typical) | $148,020 | $71.17 |
| Upper Range (P75) | $187,236 | $90.02 |
| Top Earners (P90) | $194,811 | $93.65 |
Median Salary Position
10.33% above the national average
2026 Salary Percentile Distribution in Waterbury
In Waterbury, CT, the actuary salary spread from the 10th to 90th percentile is $101,415 (2026 est.). At $148,020, the local median is 10.33% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Waterbury: You'd be above the median
How Waterbury Actuary Pay Compares
Waterbury median: $148,020/year (2026)
| Compared To | Median Salary | Waterbury Pays |
|---|---|---|
| Connecticut Average | $144,692 | +2.30% more |
| National Average | $134,160 | +10.33% more |
Actuarys in Waterbury, CT earn a median of $148,020 per year (2026 est.), which is 10.33% higher than the national median of $134,160 and 2.30% above the Connecticut state average of $144,692.
Cost-of-Living Adjusted Salary
Waterbury has a cost of living 0.22% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Waterbury, CT has a cost-of-living index of 99.778 (below the national average of 100). A actuary earning $148,020 nominally has purchasing power equivalent to $148,349 in an average-cost city — an effective 0.22% boost.
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2019 BLS Actual
$119,543
2025 BLS Actual
$143,430
2026 Current Est.
$148,020
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Waterbury (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $119,543 | Actual |
| 2020 | $122,500 | Actual |
| 2021 | $116,840 | Actual |
| 2022 | $125,766 | Actual |
| 2023 | $132,397 | Actual |
| 2024 | $132,420 | Actual |
| 2025 | $143,430 | Actual |
| 2026(current) | $148,020 | Estimated |
| 2027 | $152,756 | Projected |
Based on 7 years of BLS OEWS data for the Waterbury metropolitan area, the median actuary salary grew 20.0% from $119,543 (2019) to $143,430 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $152,756 by 2027 — a total increase of $33,213 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Waterbury 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) | $93,396 – $101,559 |
| 3-5 years (Mid Career) | $101,559 – $148,020 |
| 5+ years (Experienced) | $148,020 – $187,236 |
| 10+ years (Top Earner) | $187,236 – $194,811 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Waterbury
With around 30 actuaries currently employed in Waterbury, the local job market shows promise for this profession. The cost of living index stands at 99.778, which indicates that living expenses are slightly below the national average, thereby enhancing purchasing power for actuaries in the area. Particularly, life and health insurance companies may offer competitive salaries, while consulting firms pay a premium for advanced qualifications. Factors like exam progression heavily influence income potential, with each passed examination typically resulting in a $3,000 to $8,000 increase in base pay. To maximize earning potential in Waterbury, actuaries should focus on obtaining Fellow credentials and considering full certification in predictive analytics, as this skill set is increasingly valued across various sectors.
More salary data for Waterbury, 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 $143,430 for actuariesin the Waterbury 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
Source: BLS, OEWS, 2-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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