Actuary Salary in Scarborough, ME: $127,490 (2026)
Quick Answer:A full-time actuary in Scarborough, ME earns a median $127,490/year (≈ $61.29/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Scarborough's price level (0% above national, BEA RPP 99.6), that paycheck buys what $128,002 would nationally. Nominal pay sits 4.6% below the Maine state average.
Based on BLS state-level estimates · View source
In Scarborough, Maine, actuary salaries reflect the significant gap between compensation in consulting roles versus insurance positions, particularly for those who have achieved Fellow status. The projected median salary for an actuary in 2026 is $127,490, slightly below the national figure of $134,160. Local estimates indicate a salary range from $80,296 at the 10th percentile to $193,104 at the 90th percentile, which underscores a robust earning potential for actuaries, particularly those in established consulting firms like Milliman or Mercer. Given the competitive pay landscape, Scarborough can provide favorable opportunities for actuaries looking to advance their careers and increase their earning potential.
About the Scarborough Market
Salary estimated from Maine average ($115,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $80,296 | $38.61 |
| Lower Range (P25) | $101,613 | $48.85 |
| Median (P50)(typical) | $127,490 | $61.29 |
| Upper Range (P75) | $159,593 | $76.73 |
| Top Earners (P90) | $193,104 | $92.84 |
Median Salary Position
4.97% below the national average
2026 Salary Percentile Distribution in Scarborough
In Scarborough, ME, the actuary salary spread from the 10th to 90th percentile is $112,808 (2026 est.). At $127,490, the local median is 4.97% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Scarborough: You'd be in the lower-middle range
How Scarborough Actuary Pay Compares
Scarborough median: $127,490/year (2026)
| Compared To | Median Salary | Scarborough Pays |
|---|---|---|
| Maine Average | $133,638 | -4.60% less |
| National Average | $134,160 | -4.97% less |
Actuarys in Scarborough, ME earn a median of $127,490 per year (2026 est.), which is 4.97% lower than the national median of $134,160 and 4.60% below the Maine state average of $133,638.
Cost-of-Living Adjusted Salary
Scarborough 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.
Scarborough, ME has a cost-of-living index of 99.6 (below the national average of 100). A actuary earning $127,490 nominally has purchasing power equivalent to $128,002 in an average-cost city — an effective 0.4% boost.
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2019 BLS Actual
$102,963
2025 BLS Actual
$123,537
2026 Current Est.
$127,490
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Scarborough (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,963 | Actual |
| 2020 | $105,510 | Actual |
| 2021 | $100,635 | Actual |
| 2022 | $108,323 | Actual |
| 2023 | $114,034 | Actual |
| 2024 | $109,283 | Actual |
| 2025 | $123,537 | Actual |
| 2026(current) | $127,490 | Estimated |
| 2027 | $131,570 | Projected |
Based on 7 years of BLS OEWS data for the Scarborough metropolitan area, the median actuary salary grew 20.0% from $102,963 (2019) to $123,537 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,570 by 2027 — a total increase of $28,607 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Scarborough 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) | $80,296 – $101,613 |
| 3-5 years (Mid Career) | $101,613 – $127,490 |
| 5+ years (Experienced) | $127,490 – $159,593 |
| 10+ years (Top Earner) | $159,593 – $193,104 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Scarborough
The job market for actuaries in Scarborough appears stable, with only five actuaries currently employed in the area, suggesting a tight-knit professional community. The cost of living index is slightly below the national average at 99.6, which means that while salaries may not always fully align with national benchmarks, residents can sustain a comfortable lifestyle. Employers in the region, primarily life and health insurance firms such as Prudential and UnitedHealth, generally pay well, but consulting firms tend to offer higher compensation levels. Understanding the factors that drive salary differentials, such as exam progression and credentialing—where each passed exam can add $3,000 to $8,000 to annual salary—is crucial for actuaries striving to maximize their earnings. To enhance their pay, professionals in Scarborough should focus on completing exams promptly, seeking positions in high-paying sectors like consulting, and acquiring skills in predictive analytics, which are increasingly valued in today’s market.
More salary data for Scarborough, ME:
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 $123,537 for actuariesin the Scarborough 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 Scarborough 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