Actuary Salary in Gallup, NM: $100,650 (2026)
Quick Answer:A full-time actuary in Gallup, NM earns a median $100,650/year (≈ $48.39/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Gallup's price level (6% below national, BEA RPP 94.4), that paycheck buys what $106,621 would nationally. Nominal pay sits 7.0% below the New Mexico state average.
Based on BLS state-level estimates · View source
In the competitive field of actuarial science, the 2026 median annual salary in Gallup, New Mexico, is projected to reach $100,650, which positions it significantly lower than the national median of $134,160. Actuaries in this city can expect salaries that range from $67,517 at the 10th percentile to $156,007 at the 90th percentile, with earnings reflecting the differences in specialization between the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) members. These figures are derived from data adjusted for local cost-of-living conditions, indicating that those working in Gallup manage to navigate a unique job market where local demand and regional adjustments heavily influence pay structures.
About the Gallup Market
Salary estimated from New Mexico average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $67,517 | $32.46 |
| Lower Range (P25) | $79,264 | $38.11 |
| Median (P50)(typical) | $100,650 | $48.39 |
| Upper Range (P75) | $128,832 | $61.94 |
| Top Earners (P90) | $156,007 | $75.01 |
Median Salary Position
24.98% below the national average
2026 Salary Percentile Distribution in Gallup
In Gallup, NM, the actuary salary spread from the 10th to 90th percentile is $88,490 (2026 est.). At $100,650, the local median is 24.98% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Gallup: You'd be in the lower-middle range
How Gallup Actuary Pay Compares
Gallup median: $100,650/year (2026)
| Compared To | Median Salary | Gallup Pays |
|---|---|---|
| New Mexico Average | $108,226 | -7.00% less |
| National Average | $134,160 | -24.98% less |
Actuarys in Gallup, NM earn a median of $100,650 per year (2026 est.), which is 24.98% lower than the national median of $134,160 and 7.00% below the New Mexico state average of $108,226.
Cost-of-Living Adjusted Salary
Gallup has a cost of living 5.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Gallup, NM has a cost-of-living index of 94.4 (below the national average of 100). A actuary earning $100,650 nominally has purchasing power equivalent to $106,621 in an average-cost city — an effective 5.93% boost.
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2019 BLS Actual
$81,287
2025 BLS Actual
$97,529
2026 Current Est.
$100,650
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Gallup (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $81,287 | Actual |
| 2020 | $83,297 | Actual |
| 2021 | $79,449 | Actual |
| 2022 | $85,518 | Actual |
| 2023 | $90,027 | Actual |
| 2024 | $94,788 | Actual |
| 2025 | $97,529 | Actual |
| 2026(current) | $100,650 | Estimated |
| 2027 | $103,871 | Projected |
Based on 7 years of BLS OEWS data for the Gallup metropolitan area, the median actuary salary grew 20.0% from $81,287 (2019) to $97,529 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $103,871 by 2027 — a total increase of $22,584 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Gallup 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) | $67,517 – $79,264 |
| 3-5 years (Mid Career) | $79,264 – $100,650 |
| 5+ years (Experienced) | $100,650 – $128,832 |
| 10+ years (Top Earner) | $128,832 – $156,007 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Gallup
With only four actuaries currently employed in the area, the local job market remains relatively tight. This situation is accompanied by a lower cost of living index of 94.4, suggesting that the purchasing power in Gallup is somewhat favorable despite lower average salaries. Major players in the insurance sector, such as Prudential or UnitedHealth, may offer competitive salaries compared to property and casualty firms like State Farm, reflecting the variety in compensation packages based on the type of employer and specialties involved. The widening salary range can typically be attributed to factors such as career progression through exam completion, where each passed exam corresponds to an increase in base pay, alongside different credential levels and specialty markets. Therefore, aspiring actuaries in Gallup might find it beneficial to focus on obtaining credentials, especially those tied to consulting firms, to maximize their potential earnings in this local labor market.
More salary data for Gallup, NM:
Frequently Asked Questions
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Related Pages
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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 $97,529 for actuariesin the Gallup 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 Gallup 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