Actuary Salary in Sanford, ME: $124,828 (2026)
Quick Answer:A full-time actuary in Sanford, ME earns a median $124,828/year (≈ $60.01/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Sanford's price level (0% above national, BEA RPP 99.6), that paycheck buys what $125,329 would nationally. Nominal pay sits 6.6% below the Maine state average.
Based on BLS state-level estimates · View source
In 2026, the actuarial profession in Sanford, Maine, is projected to offer a median annual salary of $124,828, which positions it slightly below the national median of $134,160. The local salary range extends from $84,195 at the lower end (P10) to $188,376 at the upper end (P90). These figures are derived from 2025 BLS data, adjusted for regional cost factors. Actuaries at the Fellowship level, particularly those working for leading consulting firms like Milliman and Mercer, can expect to see higher compensation compared to their counterparts in insurance companies. The salary dynamics reflect the increasingly specialized roles within the field and the competitive nature of the job market in Sanford.
About the Sanford Market
Salary estimated from Maine average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $84,195 | $40.48 |
| Lower Range (P25) | $99,034 | $47.62 |
| Median (P50)(typical) | $124,828 | $60.01 |
| Upper Range (P75) | $155,830 | $74.92 |
| Top Earners (P90) | $188,376 | $90.57 |
Median Salary Position
6.96% below the national average
2026 Salary Percentile Distribution in Sanford
In Sanford, ME, the actuary salary spread from the 10th to 90th percentile is $104,181 (2026 est.). At $124,828, the local median is 6.96% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Sanford: You'd be in the lower-middle range
How Sanford Actuary Pay Compares
Sanford median: $124,828/year (2026)
| Compared To | Median Salary | Sanford Pays |
|---|---|---|
| Maine Average | $133,648 | -6.60% less |
| National Average | $134,160 | -6.96% less |
Actuarys in Sanford, ME earn a median of $124,828 per year (2026 est.), which is 6.96% lower than the national median of $134,160 and 6.60% below the Maine state average of $133,648.
Cost-of-Living Adjusted Salary
Sanford 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.
Sanford, ME has a cost-of-living index of 99.6 (below the national average of 100). A actuary earning $124,828 nominally has purchasing power equivalent to $125,329 in an average-cost city — an effective 0.4% boost.
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2019 BLS Actual
$100,813
2025 BLS Actual
$120,957
2026 Current Est.
$124,828
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Sanford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,813 | Actual |
| 2020 | $103,307 | Actual |
| 2021 | $98,533 | Actual |
| 2022 | $106,061 | Actual |
| 2023 | $111,653 | Actual |
| 2024 | $107,000 | Actual |
| 2025 | $120,957 | Actual |
| 2026(current) | $124,828 | Estimated |
| 2027 | $128,822 | Projected |
Based on 7 years of BLS OEWS data for the Sanford metropolitan area, the median actuary salary grew 20.0% from $100,813 (2019) to $120,957 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $128,822 by 2027 — a total increase of $28,009 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Sanford 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) | $84,195 – $99,034 |
| 3-5 years (Mid Career) | $99,034 – $124,828 |
| 5+ years (Experienced) | $124,828 – $155,830 |
| 10+ years (Top Earner) | $155,830 – $188,376 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Sanford
In Sanford, where only six actuaries are currently employed, the local job market presents unique opportunities amidst a cost-of-living index of 99.6, indicating favorable purchasing power relative to the national average. Top-paying employers typically include life insurance firms such as Prudential and MetLife, with consulting giants like Aon and WTW also featuring prominently. The disparity in actuary pay in Sanford is driven by factors such as exam progression, with additional income tied to each exam passed, and the distinction between ASA and FSA credentials. Those focusing on property and casualty reinsurance or consulting often see the highest salaries, thanks to the demand for advanced skill sets, including predictive analytics. For actuaries aiming to maximize their earning potential in Sanford, pursuing further examinations, honing specialized skills, and seeking out roles within consulting firms could be effective strategies.
More salary data for Sanford, 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 $120,957 for actuariesin the Sanford 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 Sanford 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