Actuary Salary in Bowie, MD: $145,920 (2026)
Quick Answer:A full-time actuary in Bowie, MD earns a median $145,920/year (≈ $70.16/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Bowie's price level (9% above national, BEA RPP 109.3), that paycheck buys what $133,504 would nationally. Nominal pay sits 0.5% below the Maryland state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Bowie, MD, are projected to earn a median annual salary of $145,920, which is indicative of a healthy job market in the area. The full salary range for this profession extends from $84,633 at the 10th percentile to $226,175 at the 90th percentile. These figures reflect local estimates based on 2025 BLS data, adjusted for regional cost considerations. Notably, the average pay for actuaries in Bowie exceeds the national median by approximately 8.77%, suggesting that professionals in this city are well-compensated relative to the broader market. The local industry tends to favor higher salaries in consulting roles compared to traditional insurance companies, particularly for those who have achieved Fellowship status.
About the Bowie Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $84,633 | $40.69 |
| Lower Range (P25) | $105,475 | $50.71 |
| Median (P50)(typical) | $145,920 | $70.16 |
| Upper Range (P75) | $186,778 | $89.79 |
| Top Earners (P90) | $226,175 | $108.74 |
Median Salary Position
8.77% above the national average
2026 Salary Percentile Distribution in Bowie
In Bowie, MD, the actuary salary spread from the 10th to 90th percentile is $141,542 (2026 est.). At $145,920, the local median is 8.77% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Bowie: You'd be in the lower-middle range
How Bowie Actuary Pay Compares
Bowie median: $145,920/year (2026)
| Compared To | Median Salary | Bowie Pays |
|---|---|---|
| Maryland Average | $146,653 | -0.50% less |
| National Average | $134,160 | +8.77% more |
Actuarys in Bowie, MD earn a median of $145,920 per year (2026 est.), which is 8.77% higher than the national median of $134,160 and 0.50% below the Maryland state average of $146,653.
Cost-of-Living Adjusted Salary
Bowie has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Bowie, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $145,920 is competitive, the higher cost of living reduces purchasing power to an effective $133,504 — a 8.51% reduction.
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2019 BLS Actual
$117,847
2025 BLS Actual
$141,395
2026 Current Est.
$145,920
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Bowie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $117,847 | Actual |
| 2020 | $120,762 | Actual |
| 2021 | $115,183 | Actual |
| 2022 | $123,982 | Actual |
| 2023 | $130,518 | Actual |
| 2024 | $141,395 | Actual |
| 2025 | $141,395 | Actual |
| 2026(current) | $145,920 | Estimated |
| 2027 | $150,589 | Projected |
Based on 7 years of BLS OEWS data for the Bowie metropolitan area, the median actuary salary grew 20.0% from $117,847 (2019) to $141,395 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $150,589 by 2027 — a total increase of $32,742 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bowie 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) | $84,633 – $105,475 |
| 3-5 years (Mid Career) | $105,475 – $145,920 |
| 5+ years (Experienced) | $145,920 – $186,778 |
| 10+ years (Top Earner) | $186,778 – $226,175 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Bowie
Currently, Bowie employs around 10 actuaries, a relatively small but stable community, contributing to a focused job market. With a cost of living index of 109.3, affordability is a consideration for those weighing their take-home pay. Major players in the local market include both consulting firms, such as Mercer and WTW, and life insurance companies like Prudential and MetLife. The disparity in pay across the board often hinges on factors such as exam progression, where every passed exam can add thousands to one's salary, as well as credential levels and specialty markets. To maximize their earning potential in Bowie, actuaries should consider targeting positions in high-paying consulting firms, emphasizing skills in predictive analytics, and maintaining their exam progression to secure advancements that command top-tier compensation.
More salary data for Bowie, MD:
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 $141,395 for actuariesin the Bowie 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 Bowie 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