Actuary Salary in Melbourne, FL: $131,358 (2026)
Quick Answer:A full-time actuary in Melbourne, FL earns a median $131,358/year (≈ $63.15/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Melbourne's price level (1% above national, BEA RPP 100.8), that paycheck buys what $130,315 would nationally. Nominal pay sits 1.3% above the Florida state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $131,358 in 2026, actuaries in Melbourne, Florida, find themselves in a competitive position when comparing their earnings to the national average of $134,160. The local salary range extends from $79,466 at the 10th percentile to $203,605 at the 90th percentile, reflecting a diverse market influenced by specialty practice areas. Estimates derived from state-level data and adjustments for regional price parity indicate that Melbourne has a generally favorable environment for actuaries, particularly for those affiliated with the Society of Actuaries (SOA) who focus on life, health, and pension sectors, as opposed to their peers in property and casualty insurance under the Casualty Actuarial Society (CAS). This distinction in specialty can lead to varying salary outcomes, highlighting Melbourne’s evolving job market.
About the Melbourne Market
Salary estimated from Florida average ($118,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $79,466 | $38.20 |
| Lower Range (P25) | $97,774 | $47.01 |
| Median (P50)(typical) | $131,358 | $63.15 |
| Upper Range (P75) | $168,139 | $80.84 |
| Top Earners (P90) | $203,605 | $97.89 |
Median Salary Position
2.09% below the national average
2026 Salary Percentile Distribution in Melbourne
In Melbourne, FL, the actuary salary spread from the 10th to 90th percentile is $124,139 (2026 est.). At $131,358, the local median is 2.09% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Melbourne: You'd be in the lower-middle range
How Melbourne Actuary Pay Compares
Melbourne median: $131,358/year (2026)
| Compared To | Median Salary | Melbourne Pays |
|---|---|---|
| Florida Average | $129,672 | +1.30% more |
| National Average | $134,160 | -2.09% less |
Actuarys in Melbourne, FL earn a median of $131,358 per year (2026 est.), which is 2.09% lower than the national median of $134,160 and 1.30% above the Florida state average of $129,672.
Cost-of-Living Adjusted Salary
Melbourne has a cost of living 0.80% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Melbourne, FL has a cost-of-living index of 100.8 (above the national average of 100). While the nominal salary of $131,358 is competitive, the higher cost of living reduces purchasing power to an effective $130,315 — a 0.79% reduction.
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2019 BLS Actual
$106,087
2025 BLS Actual
$127,285
2026 Current Est.
$131,358
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Melbourne (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $106,087 | Actual |
| 2020 | $108,711 | Actual |
| 2021 | $103,688 | Actual |
| 2022 | $111,609 | Actual |
| 2023 | $117,494 | Actual |
| 2024 | $120,472 | Actual |
| 2025 | $127,285 | Actual |
| 2026(current) | $131,358 | Estimated |
| 2027 | $135,562 | Projected |
Based on 7 years of BLS OEWS data for the Melbourne metropolitan area, the median actuary salary grew 20.0% from $106,087 (2019) to $127,285 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $135,562 by 2027 — a total increase of $29,475 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Melbourne 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) | $79,466 – $97,774 |
| 3-5 years (Mid Career) | $97,774 – $131,358 |
| 5+ years (Experienced) | $131,358 – $168,139 |
| 10+ years (Top Earner) | $168,139 – $203,605 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Melbourne
Employment opportunities for actuaries in Melbourne are on the rise, with approximately 12 practitioners currently working in the area. Despite a cost-of-living index slightly above the national average at 100.8, professionals here can maintain a good purchasing power with their salaries. The most lucrative positions are typically associated with major players in life and health insurance, such as Prudential and UnitedHealth, as well as consulting firms like Mercer and Aon, which often pay a premium for credentialed actuaries. The variability in compensation can largely be attributed to the exam progressions that actuaries undergo; passing each exam can result in significant pay increases. Furthermore, achieving the Fellow of the Society of Actuaries (FSA) designation usually commands better offers. To maximize pay in the Melbourne market, aspiring actuaries should focus not just on passing exams but also on acquiring relevant skills in predictive analytics and data science, which are increasingly demanded in today’s actuarial environment.
More salary data for Melbourne, FL:
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 $127,285 for actuariesin the Melbourne 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 Melbourne 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