Actuary Salary in Cumberland, RI: $128,322 (2026)
Quick Answer:A full-time actuary in Cumberland, RI earns a median $128,322/year (≈ $61.69/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Cumberland's price level (1% above national, BEA RPP 100.5), that paycheck buys what $127,684 would nationally. Nominal pay sits 4.8% below the Rhode Island state average.
Based on BLS state-level estimates · View source
Cumberland, Rhode Island, offers a competitive actuary salary in a market shaped by both consulting firms and insurance companies. The 2026 median annual salary for actuaries in this area is projected to reach $128,322, which is about 4.35% lower than the national median of $134,160. Salary ranges vary significantly, from $81,741 at the 10th percentile (P10) to an impressive $198,899 at the 90th percentile (P90). Such figures are derived from state-level data and regional cost considerations, highlighting a thriving but somewhat nuanced local job market for actuaries. As skilled professionals in this field consider their options, understanding how the pay gradient shifts between consulting and insurance roles in Cumberland can set the stage for making informed career decisions.
About the Cumberland Market
Salary estimated from Rhode Island average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $81,741 | $39.30 |
| Lower Range (P25) | $98,243 | $47.23 |
| Median (P50)(typical) | $128,322 | $61.69 |
| Upper Range (P75) | $164,252 | $78.97 |
| Top Earners (P90) | $198,899 | $95.63 |
Median Salary Position
4.35% below the national average
2026 Salary Percentile Distribution in Cumberland
In Cumberland, RI, the actuary salary spread from the 10th to 90th percentile is $117,158 (2026 est.). At $128,322, the local median is 4.35% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Cumberland: You'd be in the lower-middle range
How Cumberland Actuary Pay Compares
Cumberland median: $128,322/year (2026)
| Compared To | Median Salary | Cumberland Pays |
|---|---|---|
| Rhode Island Average | $134,792 | -4.80% less |
| National Average | $134,160 | -4.35% less |
Actuarys in Cumberland, RI earn a median of $128,322 per year (2026 est.), which is 4.35% lower than the national median of $134,160 and 4.80% below the Rhode Island state average of $134,792.
Cost-of-Living Adjusted Salary
Cumberland has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Cumberland, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $128,322 is competitive, the higher cost of living reduces purchasing power to an effective $127,684 — a 0.5% reduction.
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2019 BLS Actual
$103,635
2025 BLS Actual
$124,343
2026 Current Est.
$128,322
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Cumberland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $103,635 | Actual |
| 2020 | $106,198 | Actual |
| 2021 | $101,292 | Actual |
| 2022 | $109,030 | Actual |
| 2023 | $114,778 | Actual |
| 2024 | $114,778 | Actual |
| 2025 | $124,343 | Actual |
| 2026(current) | $128,322 | Estimated |
| 2027 | $132,428 | Projected |
Based on 7 years of BLS OEWS data for the Cumberland metropolitan area, the median actuary salary grew 20.0% from $103,635 (2019) to $124,343 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $132,428 by 2027 — a total increase of $28,793 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Cumberland 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) | $81,741 – $98,243 |
| 3-5 years (Mid Career) | $98,243 – $128,322 |
| 5+ years (Experienced) | $128,322 – $164,252 |
| 10+ years (Top Earner) | $164,252 – $198,899 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Cumberland
In Cumberland, the local job market shows promise with only eight actuaries currently employed, indicating a specialized niche. The cost of living index stands at 100.5, slightly above the national average, which influences the take-home purchasing power for professionals in this region. Major employers like Prudential and MetLife in life insurance, alongside consulting stalwarts such as Milliman and Mercer, provide a range of compensation options. The discrepancies in pay can often be traced back to the progression of exams and credentials. Each credential milestone typically correlates with a base salary increase, while specialties in property and casualty reinsurance yield higher pay compared to life and health. Actuaries looking to maximize their pay in Cumberland should focus on passing exams promptly, honing predictive analytics skills, and considering opportunities that offer attractive benefits or signing bonuses for credential achievements.
More salary data for Cumberland, RI:
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 $124,343 for actuariesin the Cumberland 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 Cumberland 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