Actuary Salary in Key West, FL: $127,788 (2026)
Quick Answer:A full-time actuary in Key West, FL earns a median $127,788/year (≈ $61.43/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Key West's price level (1% above national, BEA RPP 100.8), that paycheck buys what $126,774 would nationally. Nominal pay sits 1.5% below the Florida state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Key West, Florida, can expect a median annual salary of $127,788, which is approximately 4.75% lower than the national figure of $134,160. The earnings in this locale exhibit a considerable range, from $77,624 at the 10th percentile to $198,072 at the 90th percentile, indicating diverse opportunities in the market. These estimates are derived from 2025 BLS data, adjusted for local economic conditions and cost of living factors. With only four actuaries employed in Key West, this niche labor market creates unique dynamics, particularly influencing salary negotiations and opportunities for advancement.
About the Key West Market
Salary estimated from Florida average ($118,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $77,624 | $37.32 |
| Lower Range (P25) | $95,442 | $45.88 |
| Median (P50)(typical) | $127,788 | $61.43 |
| Upper Range (P75) | $163,569 | $78.64 |
| Top Earners (P90) | $198,072 | $95.22 |
Median Salary Position
4.75% below the national average
2026 Salary Percentile Distribution in Key West
In Key West, FL, the actuary salary spread from the 10th to 90th percentile is $120,448 (2026 est.). At $127,788, the local median is 4.75% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Key West: You'd be in the lower-middle range
How Key West Actuary Pay Compares
Key West median: $127,788/year (2026)
| Compared To | Median Salary | Key West Pays |
|---|---|---|
| Florida Average | $129,734 | -1.50% less |
| National Average | $134,160 | -4.75% less |
Actuarys in Key West, FL earn a median of $127,788 per year (2026 est.), which is 4.75% lower than the national median of $134,160 and 1.50% below the Florida state average of $129,734.
Cost-of-Living Adjusted Salary
Key West has a cost of living 0.80% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Key West, FL has a cost-of-living index of 100.8 (above the national average of 100). While the nominal salary of $127,788 is competitive, the higher cost of living reduces purchasing power to an effective $126,774 — a 0.79% reduction.
Compare Purchasing Power
Select a city to see how your salary compares after cost of living
Select a city above to compare purchasing power
2019 BLS Actual
$103,204
2025 BLS Actual
$123,826
2026 Current Est.
$127,788
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Key West (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $103,204 | Actual |
| 2020 | $105,757 | Actual |
| 2021 | $100,871 | Actual |
| 2022 | $108,576 | Actual |
| 2023 | $114,301 | Actual |
| 2024 | $117,199 | Actual |
| 2025 | $123,826 | Actual |
| 2026(current) | $127,788 | Estimated |
| 2027 | $131,878 | Projected |
Based on 7 years of BLS OEWS data for the Key West metropolitan area, the median actuary salary grew 20.0% from $103,204 (2019) to $123,826 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,878 by 2027 — a total increase of $28,674 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Key West 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) | $77,624 – $95,442 |
| 3-5 years (Mid Career) | $95,442 – $127,788 |
| 5+ years (Experienced) | $127,788 – $163,569 |
| 10+ years (Top Earner) | $163,569 – $198,072 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Key West
The local job market reflects a modest environment for actuaries within Key West, where the cost of living sits slightly above the national average with a cost-of-living index of 100.8. This translates to a purchasing power that could be somewhat constrained despite the appealing salary figures. Key employers that tend to offer competitive pay include firms from the life and health insurance sectors like Prudential and UnitedHealth, as well as consulting giants like Milliman and Mercer, which typically provide higher compensation for those with Fellowship credentials. The salary variations stem primarily from exam progression incentives, with each exam passed generally adding between $3,000 and $8,000 to one’s base salary. Focusing on gaining further credentials such as the FSA or FCAS, along with developing skills in predictive analytics, can greatly enhance earnings potential for actuaries in this market. Maximizing pay in Key West involves not only striving for those advanced credentials but also aligning with sectors that demand specialized skills.
More salary data for Key West, FL:
Frequently Asked Questions
How much do actuaries make in Key West, FL in 2026?
Is Key West, FL a good place to work as a actuary?
Can actuaries make $100K in Key West?
What is the cost-of-living adjusted actuary salary in Key West?
How much does a actuary make per hour in Key West?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Florida
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 $123,826 for actuariesin the Key West 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 Key West 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