Actuary Salary in New Mexico: $111,461 (2026)
Quick Answer:Across New Mexico's 17 metropolitan areas, the average median actuary pay sits at $111,461/year heading into 2026 — a figure projected from 2025 BLS OEWS wage data for SOC 15-2011. Because New Mexico sits at BEA RPP 94.4 (6% below the U.S. baseline), that statewide median translates to roughly $118,073 in nationally-comparable purchasing power. Highest-paying metros: Albuquerque ($114,239), Las Cruces ($108,377), Rio Rancho ($107,971).
For actuaries considering a career in New Mexico, the average median salary is projected to be $111,461 in 2026, which is approximately 16.9% lower than the national median of $134,160. This disparity reflects local market conditions and demand factors impacting the profession in the state. The highest salaries are found in Albuquerque at $117,895, while Taos offers the lowest at $99,592, highlighting a salary gap of $18,303. This difference can be attributed to variations in the cost of living, local demand for actuarial services, and the concentration of employers in these areas. In New Mexico, actuaries must comply with state licensing requirements and be aware of specific scope of practice laws, which can influence their career paths and job responsibilities. The job market shows a positive outlook with a projected annual growth rate of 3.20%, indicating steady demand for actuarial professionals. Other cities projected to offer competitive salaries include Las Cruces at $111,845, Rio Rancho at $111,426, Santa Fe at $109,305, and Farmington at $106,693. With a total of 257 actuaries employed in the state, opportunities remain significant for those entering the field.
New Mexico Actuary Salary Range
Overall salary range in New Mexico: $61,109 (lowest entry-level) to $182,736 (highest top earner)
New Mexico vs National Average
New Mexico actuaries earn 16.92% less than the national median ($-22,699/year difference).
New Mexico Actuary Salary Distribution (2026)
Actuary salaries in New Mexico range from $66,443 (entry-level, 10th percentile) to $172,749 (top earners, 90th percentile), with a median of $111,461. The New Mexico median is $22,699 below the US national median of $134,160. The average hourly rate is $53.59/hr. Approximately 257 actuarys are employed across 17 cities.
2019 BLS Actual
$90,018
2025 BLS Actual
$108,005
2026 Current Est.
$111,461
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in New Mexico (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $90,018 | Actual |
| 2020 | $92,244 | Actual |
| 2021 | $87,982 | Actual |
| 2022 | $94,704 | Actual |
| 2023 | $99,697 | Actual |
| 2024 | $104,970 | Actual |
| 2025 | $108,005 | Actual |
| 2026(current) | $111,461 | Estimated |
| 2027 | $115,028 | Projected |
Based on 7 years of BLS OEWS data for the New Mexico metropolitan area, the median actuary salary grew 20.0% from $90,018 (2019) to $108,005 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $115,028 by 2027 — a total increase of $25,010 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the New Mexico 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 New Mexico
Lowest Paying Cities in New Mexico
| City | Median Salary |
|---|---|
| Taos | $99,592 |
| Los Alamos | $99,779 |
| Los Lunas | $100,618 |
| Las Vegas | $100,633 |
| Gallup | $100,650 |
Best Value Cities for Actuaries in New Mexico
When adjusted for local cost of living, these New Mexico cities offer the most purchasing power for actuaries.
| City | Nominal Salary | CoL Index | Adjusted Salary |
|---|---|---|---|
| Albuquerque | $117,895 | 94.4 | $124,889 |
| Las Cruces | $111,845 | 94.4 | $118,480 |
| Rio Rancho | $111,426 | 94.4 | $118,036 |
| Santa Fe | $109,305 | 94.4 | $115,789 |
| Farmington | $106,693 | 94.4 | $113,022 |
Adjusted salary = nominal salary × (100 / CoL index). CoL index: 100 = national average. Lower index = lower cost of living.
Salary by Experience Level in New Mexico
| Experience Level | Estimated Annual |
|---|---|
| Entry Level (0-2 years) | $66,443 |
| Mid Career (3-7 years) | $111,461 |
| Experienced (7+ years) | $172,749 |
Estimates based on BLS percentile data averaged across New Mexico metro areas. Individual pay varies by employer, certifications, and specialization.
All 17 Cities in New Mexico
| # | City | Median Salary |
|---|---|---|
| 1 | Albuquerque | $117,895 |
| 2 | Las Cruces | $111,845 |
| 3 | Rio Rancho | $111,426 |
| 4 | Santa Fe | $109,305 |
| 5 | Farmington | $106,693 |
| 6 | Roswell | $106,198 |
| 7 | Alamogordo | $105,324 |
| 8 | Hobbs | $105,265 |
| 9 | South Valley | $104,837 |
| 10 | Clovis | $102,804 |
| 11 | Carlsbad | $102,645 |
| 12 | Deming | $101,008 |
| 13 | Gallup | $100,650 |
| 14 | Las Vegas | $100,633 |
| 15 | Los Lunas | $100,618 |
| 16 | Los Alamos | $99,779 |
| 17 | Taos | $99,592 |
More New Mexico Salary Data
Senior / Experienced
Top earner salaries for experienced actuaries.
Explore More Actuary Salary Data
Frequently Asked Questions
How much do actuaries make in New Mexico in 2026?
What is the highest paying city for actuaries in New Mexico?
How does New Mexico actuary pay compare to the national average?
What is the entry-level actuary salary in New Mexico?
How many actuaries are employed in New Mexico?
Which New Mexico 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 New Mexico. State averages are employment-weighted across 17 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, 2-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