Actuary Salary in Westerly, RI: $125,914 (2026)
Quick Answer:A full-time actuary in Westerly, RI earns a median $125,914/year (≈ $60.54/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Westerly's price level (1% above national, BEA RPP 100.5), that paycheck buys what $125,288 would nationally. Nominal pay sits 6.6% below the Rhode Island state average.
Based on BLS state-level estimates · View source
In 2026, the typical salary for an actuary working in Westerly, Rhode Island, is projected to reach $125,914 annually, reflecting a slight decrement of 6.15% compared to the national median of $134,160. The salary range for actuaries in the area shows considerable variability, with earnings expected to span from $85,270 at the 10th percentile to as high as $195,168 at the 90th percentile. These figures, compiled from estimates based on 2025 BLS data and adjusted for regional price parities, highlight the impact of specialty market choices—whether in life, health, pension, or property and casualty insurance—on compensation. Understanding these dynamics can be vital for actuaries in Westerly, particularly as they navigate their career paths in a competitive job market.
About the Westerly Market
Salary estimated from Rhode Island average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $85,270 | $40.99 |
| Lower Range (P25) | $99,846 | $48.00 |
| Median (P50)(typical) | $125,914 | $60.54 |
| Upper Range (P75) | $157,187 | $75.57 |
| Top Earners (P90) | $195,168 | $93.83 |
Median Salary Position
6.15% below the national average
2026 Salary Percentile Distribution in Westerly
In Westerly, RI, the actuary salary spread from the 10th to 90th percentile is $109,898 (2026 est.). At $125,914, the local median is 6.15% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Westerly: You'd be in the lower-middle range
How Westerly Actuary Pay Compares
Westerly median: $125,914/year (2026)
| Compared To | Median Salary | Westerly Pays |
|---|---|---|
| Rhode Island Average | $134,812 | -6.60% less |
| National Average | $134,160 | -6.15% less |
Actuarys in Westerly, RI earn a median of $125,914 per year (2026 est.), which is 6.15% lower than the national median of $134,160 and 6.60% below the Rhode Island state average of $134,812.
Cost-of-Living Adjusted Salary
Westerly has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Westerly, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $125,914 is competitive, the higher cost of living reduces purchasing power to an effective $125,288 — a 0.5% reduction.
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2019 BLS Actual
$101,691
2025 BLS Actual
$122,010
2026 Current Est.
$125,914
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Westerly (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $101,691 | Actual |
| 2020 | $104,206 | Actual |
| 2021 | $99,391 | Actual |
| 2022 | $106,984 | Actual |
| 2023 | $112,625 | Actual |
| 2024 | $112,625 | Actual |
| 2025 | $122,010 | Actual |
| 2026(current) | $125,914 | Estimated |
| 2027 | $129,944 | Projected |
Based on 7 years of BLS OEWS data for the Westerly metropolitan area, the median actuary salary grew 20.0% from $101,691 (2019) to $122,010 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $129,944 by 2027 — a total increase of $28,253 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Westerly 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) | $85,270 – $99,846 |
| 3-5 years (Mid Career) | $99,846 – $125,914 |
| 5+ years (Experienced) | $125,914 – $157,187 |
| 10+ years (Top Earner) | $157,187 – $195,168 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Westerly
Employment dynamics for actuaries in Westerly reveal a market comprising five actively employed professionals, underscoring a modest local demand. The cost of living index is slightly above the national average at 100.5, suggesting that while salaries may appear competitive, the purchasing power may be tempered by local costs. Employers in the region that offer the most lucrative positions include major life insurance companies such as Prudential and MetLife, along with health insurers like UnitedHealth and Cigna. The disparity in pay can be attributed to various factors, including exam progression incentives, which can add $3k-$8k per passed exam, along with differences in specialty fields where property and casualty roles often command superior salaries relative to life insurance roles. To enhance compensation opportunities in Westerly, candidates should actively pursue relevant credentials while also leveraging opportunities in consulting environments, as firms like Aon and Mercer typically attract higher salary offers for fully credentialed actuaries.
More salary data for Westerly, 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 $122,010 for actuariesin the Westerly 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 Westerly 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