Actuary Salary in Panama City, FL: $128,634 (2026)
Quick Answer:A full-time actuary in Panama City, FL earns a median $128,634/year (≈ $61.85/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Panama City's price level (1% above national, BEA RPP 100.8), that paycheck buys what $127,613 would nationally. Nominal pay sits 0.8% below the Florida state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Panama City, Florida, can anticipate a median annual compensation of $128,634, which is slightly lower than the national average of $134,160. The salary range in this locality varies significantly, with entry-level positions starting around $80,106 and more experienced actuaries earning as much as $199,382. These figures are derived from BLS state-level data and adjusted for regional price differentials, reflecting the specific economic conditions of Panama City. This market offers unique opportunities for actuaries, particularly for those who have completed several exams, as the pay structure has a significant correlation with candidates' progression through the actuarial certification process.
About the Panama City Market
Salary estimated from Florida average ($118,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $80,106 | $38.51 |
| Lower Range (P25) | $97,128 | $46.70 |
| Median (P50)(typical) | $128,634 | $61.85 |
| Upper Range (P75) | $164,651 | $79.15 |
| Top Earners (P90) | $199,382 | $95.85 |
Median Salary Position
4.12% below the national average
2026 Salary Percentile Distribution in Panama City
In Panama City, FL, the actuary salary spread from the 10th to 90th percentile is $119,276 (2026 est.). At $128,634, the local median is 4.12% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Panama City: You'd be in the lower-middle range
How Panama City Actuary Pay Compares
Panama City median: $128,634/year (2026)
| Compared To | Median Salary | Panama City Pays |
|---|---|---|
| Florida Average | $129,671 | -0.80% less |
| National Average | $134,160 | -4.12% less |
Actuarys in Panama City, FL earn a median of $128,634 per year (2026 est.), which is 4.12% lower than the national median of $134,160 and 0.80% below the Florida state average of $129,671.
Cost-of-Living Adjusted Salary
Panama City has a cost of living 0.80% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Panama City, FL has a cost-of-living index of 100.8 (above the national average of 100). While the nominal salary of $128,634 is competitive, the higher cost of living reduces purchasing power to an effective $127,613 — a 0.79% reduction.
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2019 BLS Actual
$103,887
2025 BLS Actual
$124,645
2026 Current Est.
$128,634
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Panama City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $103,887 | Actual |
| 2020 | $106,456 | Actual |
| 2021 | $101,538 | Actual |
| 2022 | $109,294 | Actual |
| 2023 | $115,057 | Actual |
| 2024 | $117,974 | Actual |
| 2025 | $124,645 | Actual |
| 2026(current) | $128,634 | Estimated |
| 2027 | $132,750 | Projected |
Based on 7 years of BLS OEWS data for the Panama City metropolitan area, the median actuary salary grew 20.0% from $103,887 (2019) to $124,645 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $132,750 by 2027 — a total increase of $28,863 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Panama City 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) | $80,106 – $97,128 |
| 3-5 years (Mid Career) | $97,128 – $128,634 |
| 5+ years (Experienced) | $128,634 – $164,651 |
| 10+ years (Top Earner) | $164,651 – $199,382 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Panama City
With only eight actuaries currently employed in Panama City, the job market remains somewhat niche for this profession. The cost of living index sitting just above the national average at 100.8 indicates that while salaries may be attractive, the purchasing power could be somewhat tempered by local expenses. Employers in the area, particularly those in consulting roles or insurance firms, such as Prudential and UnitedHealth, generally offer higher salaries, aligning with industry trends. Exam progression is a crucial driver for compensation, with each passed exam typically leading to a salary increase of about $3,000 to $8,000. For actuaries striving to maximize their pay in the Panama City market, focusing on skills in predictive analytics or striving for fellowship status can create significant earning potential and competitive advantages against peers.
More salary data for Panama City, FL:
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 $124,645 for actuariesin the Panama City 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 Panama City 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