Actuary Salary in Maryland: $136,437 (2026)
Quick Answer:Across Maryland's 27 metropolitan areas, the average median actuary pay sits at $136,437/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 15-2011. Because Maryland sits at BEA RPP 109.3 (9% above the U.S. baseline), that statewide median translates to roughly $124,828 in nationally-comparable purchasing power. Highest-paying metros: Aspen Hill ($144,062), Gaithersburg ($143,128), Germantown ($143,027).
In 2026, the average median salary for actuaries in Maryland is projected to be $136,438, which is slightly above the national median of $134,160, reflecting a 1.7% increase. The salary range varies significantly across the state, with Aspen Hill offering the highest compensation at $148,672, while Towson features the lowest at $130,504, creating a $18,168 disparity. This difference is driven by factors such as the cost of living, demand for specialized skills, and local industry presence. Maryland's licensing requirements and scope of practice laws reinforce the professional standards for actuaries, which can influence salary levels. The state’s proximity to major financial and insurance hubs contributes to the strong demand for actuaries, evidenced by a projected 3.20% annual growth rate in employment. Current estimates indicate that there are 635 actuaries employed in Maryland, with top-paying cities including Gaithersburg at $147,708 and Germantown at $147,604. The job market for actuaries in Maryland remains positive, supported by an expanding economy and a continual demand for risk assessment and management services within various sectors. This growth outlook positions actuaries well for a stable and rewarding career in the state.
Maryland Actuary Salary Range
Overall salary range in Maryland: $78,050 (lowest entry-level) to $230,441 (highest top earner)
Maryland vs National Average
Maryland actuaries earn 1.70% more than the national median (+$2,277/year difference).
Maryland Actuary Salary Distribution (2026)
Actuary salaries in Maryland range from $82,563 (entry-level, 10th percentile) to $205,094 (top earners, 90th percentile), with a median of $136,437. The Maryland median is $2,277 above the US national median of $134,160. The average hourly rate is $65.60/hr. Approximately 635 actuarys are employed across 27 cities.
2019 BLS Actual
$109,910
2025 BLS Actual
$132,207
2026 Current Est.
$136,437
2019–2027 Growth
+28.1%
Salary Trajectory for Actuaries in Maryland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $109,910 | Actual |
| 2020 | $124,830 | Actual |
| 2021 | $107,720 | Actual |
| 2022 | $100,410 | Actual |
| 2023 | $105,820 | Actual |
| 2024 | $134,534 | Actual |
| 2025 | $132,207 | Actual |
| 2026(current) | $136,437 | Estimated |
| 2027 | $140,803 | Projected |
Based on 7 years of BLS OEWS data for the Maryland metropolitan area, the median actuary salary grew 20.3% from $109,910 (2019) to $132,207 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $140,803 by 2027 — a total increase of $30,893 (28.11%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Maryland 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.
Top 5 Highest Paying Cities in Maryland
Lowest Paying Cities in Maryland
| City | Median Salary |
|---|---|
| Towson | $130,504 |
| Baltimore | $131,012 |
| Columbia | $133,376 |
| Cumberland | $135,727 |
| Greenbelt | $138,837 |
Best Value Cities for Actuaries in Maryland
When adjusted for local cost of living, these Maryland cities offer the most purchasing power for actuaries.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Aspen Hill | $148,672 | 109.3 | $136,022 |
| Gaithersburg | $147,708 | 109.3 | $135,140 |
| Germantown | $147,604 | 109.3 | $135,045 |
| Ellicott City | $147,266 | 109.3 | $134,736 |
| Waldorf | $147,116 | 109.3 | $134,598 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in Maryland
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $82,563 |
| Mid Career (3-7 years) | $136,437 |
| Experienced (7+ years) | $205,094 |
Estimates based on BLS percentile data averaged across Maryland metro areas. Individual pay varies by employer, certifications, and specialization.
All 27 Cities in Maryland
| # | City | Median Salary |
|---|---|---|
| 1 | Aspen Hill | $148,672 |
| 2 | Gaithersburg | $147,708 |
| 3 | Germantown | $147,604 |
| 4 | Ellicott City | $147,266 |
| 5 | Waldorf | $147,116 |
| 6 | Wheaton | $146,616 |
| 7 | Bowie | $145,920 |
| 8 | Glen Burnie | $145,467 |
| 9 | Frederick | $143,457 |
| 10 | Annapolis | $143,427 |
| 11 | Severn | $143,422 |
| 12 | College Park | $143,143 |
| 13 | Rockville | $142,958 |
| 14 | Silver Spring | $142,889 |
| 15 | Salisbury | $142,619 |
| 16 | Potomac | $142,210 |
| 17 | Hagerstown | $141,823 |
| 18 | Bethesda | $141,634 |
| 19 | Dundalk | $141,634 |
| 20 | Odenton | $141,151 |
| 21 | Catonsville | $140,002 |
| 22 | Laurel | $139,296 |
| 23 | Greenbelt | $138,837 |
| 24 | Cumberland | $135,727 |
| 25 | Columbia | $133,376 |
| 26 | Baltimore | $131,012 |
| 27 | Towson | $130,504 |
More Maryland Salary Data
Senior / Experienced
Top earner salaries for experienced actuaries.
Compare Cities in Maryland
View all comparisons →Explore More Actuary Salary Data
Frequently Asked Questions
How much do actuaries make in Maryland in 2026?
What is the highest paying city for actuaries in Maryland?
How does Maryland actuary pay compare to the national average?
What is the entry-level actuary salary in Maryland?
How many actuaries are employed in Maryland?
Which Maryland city offers the best value for actuaries?
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
Statewide 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. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to each metro area's reported salary to estimate current 2026 actuary compensation across Maryland. State averages are employment-weighted across 27 metro areas — larger metro areas with more actuariescontribute proportionally more to the average, producing figures that better reflect typical compensation. Individual pay varies by city, employer, certifications, and experience.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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