Actuary Salary in College Park, MD: $143,143 (2026)
Quick Answer:A full-time actuary in College Park, MD earns a median $143,143/year (≈ $68.81/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in College Park's price level (9% above national, BEA RPP 109.3), that paycheck buys what $130,963 would nationally. Nominal pay sits 2.4% below the Maryland state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in College Park, Maryland, are projected to earn a median annual salary of $143,143, reflecting a competitive edge compared to the national average of $134,160. Salary estimates indicate a broad range from $84,722 at the 10th percentile to $221,871 at the 90th percentile, suggesting that there is significant variability in compensation based on experience and credentials. These figures are derived from 2025 BLS data, adjusted for local economic conditions in the region. Consulting firms, particularly notable names like Milliman, Mercer, and WTW, tend to offer higher pay scales for fully qualified actuaries compared to traditional insurers, which influences the dynamics of job opportunities within College Park's ecosystem.
About the College Park Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $84,722 | $40.73 |
| Lower Range (P25) | $105,264 | $50.61 |
| Median (P50)(typical) | $143,143 | $68.81 |
| Upper Range (P75) | $183,222 | $88.09 |
| Top Earners (P90) | $221,871 | $106.67 |
Median Salary Position
6.70% above the national average
2026 Salary Percentile Distribution in College Park
In College Park, MD, the actuary salary spread from the 10th to 90th percentile is $137,149 (2026 est.). At $143,143, the local median is 6.7% above the national median of $134,160.
Salary Calculator
At 40 hours/week in College Park: You'd be in the lower-middle range
How College Park Actuary Pay Compares
College Park median: $143,143/year (2026)
| Compared To | Median Salary | College Park Pays |
|---|---|---|
| Maryland Average | $146,662 | -2.40% less |
| National Average | $134,160 | +6.70% more |
Actuarys in College Park, MD earn a median of $143,143 per year (2026 est.), which is 6.70% higher than the national median of $134,160 and 2.40% below the Maryland state average of $146,662.
Cost-of-Living Adjusted Salary
College Park has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
College Park, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $143,143 is competitive, the higher cost of living reduces purchasing power to an effective $130,963 — a 8.51% reduction.
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2019 BLS Actual
$115,604
2025 BLS Actual
$138,704
2026 Current Est.
$143,143
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in College Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $115,604 | Actual |
| 2020 | $118,464 | Actual |
| 2021 | $112,990 | Actual |
| 2022 | $121,622 | Actual |
| 2023 | $128,034 | Actual |
| 2024 | $138,704 | Actual |
| 2025 | $138,704 | Actual |
| 2026(current) | $143,143 | Estimated |
| 2027 | $147,723 | Projected |
Based on 7 years of BLS OEWS data for the College Park metropolitan area, the median actuary salary grew 20.0% from $115,604 (2019) to $138,704 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $147,723 by 2027 — a total increase of $32,119 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the College Park 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) | $84,722 – $105,264 |
| 3-5 years (Mid Career) | $105,264 – $143,143 |
| 5+ years (Experienced) | $143,143 – $183,222 |
| 10+ years (Top Earner) | $183,222 – $221,871 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in College Park
With a total of six actuaries currently employed in College Park, the local job market remains exclusive, contributing to the variance in salary levels. The cost-of-living index for the area is at 109.3, indicating that expenses are above the national average and impacting the purchasing power of actuaries. High-paying employers include life insurance companies such as Prudential and MetLife, along with major consulting firms that offer competitive remuneration packages for FHSA and FCAS actuaries. To maximize earning potential in this market, aspiring actuaries should focus on passing exams, as each successful completion usually translates into a salary increment ranging from $3,000 to $8,000. Engaging in continuous education, particularly in predictive analytics, also positions candidates favorably in an evolving marketplace marked by varied specialty demands.
More salary data for College Park, 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 $138,704 for actuariesin the College Park 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 College Park 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