Actuary Salary in Augusta, ME: $126,003 (2026)
Quick Answer:A full-time actuary in Augusta, ME earns a median $126,003/year (≈ $60.58/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Augusta's price level (0% above national, BEA RPP 99.6), that paycheck buys what $126,509 would nationally. Nominal pay sits 5.7% below the Maine state average.
Based on BLS state-level estimates · View source
In the actuary market of Augusta, Maine, 2026 forecasts suggest a compelling median annual salary of $126,003. This figure highlights a solid local compensation structure within a salary range of $83,632 at the lower end to $195,305 at the higher end. For aspiring professionals, the progression of pay typically correlates closely with the number of actuarial exams passed, making the journey toward full professional credentials—whether Associate or Fellow—an important factor in salary advancement. These estimates draw upon the 2025 BLS data, adjusted for regional cost considerations, indicating that despite a slightly lower earning potential compared to the national median of $134,160, Augusta offers specific opportunities that may appeal to actuaries seeking a stable career path.
About the Augusta Market
Salary estimated from Maine average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $83,632 | $40.21 |
| Lower Range (P25) | $98,581 | $47.40 |
| Median (P50)(typical) | $126,003 | $60.58 |
| Upper Range (P75) | $161,284 | $77.54 |
| Top Earners (P90) | $195,305 | $93.90 |
Median Salary Position
6.08% below the national average
2026 Salary Percentile Distribution in Augusta
In Augusta, ME, the actuary salary spread from the 10th to 90th percentile is $111,673 (2026 est.). At $126,003, the local median is 6.08% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Augusta: You'd be in the lower-middle range
How Augusta Actuary Pay Compares
Augusta median: $126,003/year (2026)
| Compared To | Median Salary | Augusta Pays |
|---|---|---|
| Maine Average | $133,619 | -5.70% less |
| National Average | $134,160 | -6.08% less |
Actuarys in Augusta, ME earn a median of $126,003 per year (2026 est.), which is 6.08% lower than the national median of $134,160 and 5.70% below the Maine state average of $133,619.
Cost-of-Living Adjusted Salary
Augusta has a cost of living 0.40% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Augusta, ME has a cost-of-living index of 99.6 (below the national average of 100). A actuary earning $126,003 nominally has purchasing power equivalent to $126,509 in an average-cost city — an effective 0.4% boost.
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2019 BLS Actual
$101,762
2025 BLS Actual
$122,096
2026 Current Est.
$126,003
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Augusta (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $101,762 | Actual |
| 2020 | $104,279 | Actual |
| 2021 | $99,461 | Actual |
| 2022 | $107,059 | Actual |
| 2023 | $112,704 | Actual |
| 2024 | $108,008 | Actual |
| 2025 | $122,096 | Actual |
| 2026(current) | $126,003 | Estimated |
| 2027 | $130,035 | Projected |
Based on 7 years of BLS OEWS data for the Augusta metropolitan area, the median actuary salary grew 20.0% from $101,762 (2019) to $122,096 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $130,035 by 2027 — a total increase of $28,273 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Augusta 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) | $83,632 – $98,581 |
| 3-5 years (Mid Career) | $98,581 – $126,003 |
| 5+ years (Experienced) | $126,003 – $161,284 |
| 10+ years (Top Earner) | $161,284 – $195,305 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Augusta
Examining the local job market, Augusta employs only a handful of four actuaries. The cost of living in this area, reflected by a CoL index of 99.6, reveals that many actuaries can enjoy a comfortable lifestyle with their earnings, even if slightly below the national average. Larger employers in Augusta, such as Prudential and UnitedHealth, typically offer more competitive pay, especially for credentialed actuaries. Key factors contributing to compensation disparities include the level of professional certification, the specialty market, and additional incentives for continued education, like study time benefits and signing bonuses. To maximize earning potential in Augusta, candidates should focus on passing exams quickly and considering roles in consulting firms that often provide enhanced salaries for fully credentialed actuaries, positioning themselves favorably within a small but stable job market.
More salary data for Augusta, ME:
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 $122,096 for actuariesin the Augusta 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 Augusta 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