Actuary Salary in Norristown, PA: $126,564 (2026)
Quick Answer:A full-time actuary in Norristown, PA earns a median $126,564/year (≈ $60.85/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Norristown's price level (3% below national, BEA RPP 97.4), that paycheck buys what $129,943 would nationally. Nominal pay sits 3.1% below the Pennsylvania state average.
Based on BLS state-level estimates · View source
Actuaries in Norristown, Pennsylvania, are projected to earn a median annual salary of $126,564 in 2026, which is about 5.66% lower than the national median of $134,160. This salary reflects a range that spans from $73,673 at the 10th percentile to $196,175 at the 90th percentile, indicating a diverse market for actuarial professionals. The local estimates, derived from 2025 BLS state-level data and adjusted for regional cost factors, reveal a competitive landscape tailored primarily to SOA (life, health, pension) and CAS (property & casualty) specialties. For those considering a career in this field, the current market in Norristown suggests robust opportunities, particularly as the job landscape continues evolving to meet local industry needs.
About the Norristown Market
Salary estimated from Pennsylvania average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $73,673 | $35.42 |
| Lower Range (P25) | $99,575 | $47.87 |
| Median (P50)(typical) | $126,564 | $60.85 |
| Upper Range (P75) | $161,302 | $77.54 |
| Top Earners (P90) | $196,175 | $94.31 |
Median Salary Position
5.66% below the national average
2026 Salary Percentile Distribution in Norristown
In Norristown, PA, the actuary salary spread from the 10th to 90th percentile is $122,502 (2026 est.). At $126,564, the local median is 5.66% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Norristown: You'd be in the lower-middle range
How Norristown Actuary Pay Compares
Norristown median: $126,564/year (2026)
| Compared To | Median Salary | Norristown Pays |
|---|---|---|
| Pennsylvania Average | $130,613 | -3.10% less |
| National Average | $134,160 | -5.66% less |
Actuarys in Norristown, PA earn a median of $126,564 per year (2026 est.), which is 5.66% lower than the national median of $134,160 and 3.10% below the Pennsylvania state average of $130,613.
Cost-of-Living Adjusted Salary
Norristown has a cost of living 2.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Norristown, PA has a cost-of-living index of 97.4 (below the national average of 100). A actuary earning $126,564 nominally has purchasing power equivalent to $129,943 in an average-cost city — an effective 2.67% boost.
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2019 BLS Actual
$102,216
2025 BLS Actual
$122,640
2026 Current Est.
$126,564
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Norristown (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,216 | Actual |
| 2020 | $104,744 | Actual |
| 2021 | $99,904 | Actual |
| 2022 | $107,536 | Actual |
| 2023 | $113,206 | Actual |
| 2024 | $120,753 | Actual |
| 2025 | $122,640 | Actual |
| 2026(current) | $126,564 | Estimated |
| 2027 | $130,615 | Projected |
Based on 7 years of BLS OEWS data for the Norristown metropolitan area, the median actuary salary grew 20.0% from $102,216 (2019) to $122,640 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $130,615 by 2027 — a total increase of $28,399 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Norristown 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) | $73,673 – $99,575 |
| 3-5 years (Mid Career) | $99,575 – $126,564 |
| 5+ years (Experienced) | $126,564 – $161,302 |
| 10+ years (Top Earner) | $161,302 – $196,175 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Norristown
Currently, there are only nine actuaries employed in Norristown, reflecting a relatively small but focused job market in the area. A cost of living index of 97.4 suggests that while salaries may be lower than the national average, the purchasing power remains favorable. Life insurance companies such as Prudential and MetLife tend to offer some of the highest salaries, along with firms in health insurance and managed care, like UnitedHealth and Cigna. The wide salary range is largely influenced by exam progression; passing each actuarial exam can add around $3,000 to $8,000 in pay. Additionally, advancing from ASA to FSA can significantly boost earning potential. To maximize compensation, aspiring actuaries should focus on obtaining relevant credentials while enhancing their skills in predictive analytics and data science, as these areas are increasingly in demand across both consulting and insurance sectors in Norristown.
More salary data for Norristown, PA:
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 $122,640 for actuariesin the Norristown 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 Norristown 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