Actuary Salary in Florence, SC: $119,184 (2026)
Quick Answer:A full-time actuary in Florence, SC earns a median $119,184/year (≈ $57.30/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Florence's price level (8% below national, BEA RPP 91.5), that paycheck buys what $130,256 would nationally. Nominal pay sits 2.9% below the South Carolina state average.
Based on BLS state-level estimates · View source
In 2026, the actuary salary in Florence, South Carolina is projected to reach $119,184 annually. This salary reflects a notable pay spectrum, with figures spanning from $69,975 at the 10th percentile to as high as $184,734 at the 90th percentile. These estimates are derived from BLS state-level data and regional cost adjustments, showcasing how the local market aligns with broader economic factors. Notably, this salary is approximately 11.16% lower than the national median of $134,160. The Florence job market indicates that actuaries may find varied opportunities, particularly across consulting firms and insurers, with compensation often influenced by the employer type and individual qualifications.
About the Florence Market
Salary estimated from South Carolina average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $69,975 | $33.64 |
| Lower Range (P25) | $94,116 | $45.25 |
| Median (P50)(typical) | $119,184 | $57.30 |
| Upper Range (P75) | $152,143 | $73.15 |
| Top Earners (P90) | $184,734 | $88.81 |
Median Salary Position
11.16% below the national average
2026 Salary Percentile Distribution in Florence
In Florence, SC, the actuary salary spread from the 10th to 90th percentile is $114,759 (2026 est.). At $119,184, the local median is 11.16% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Florence: You'd be in the lower-middle range
How Florence Actuary Pay Compares
Florence median: $119,184/year (2026)
| Compared To | Median Salary | Florence Pays |
|---|---|---|
| South Carolina Average | $122,743 | -2.90% less |
| National Average | $134,160 | -11.16% less |
Actuarys in Florence, SC earn a median of $119,184 per year (2026 est.), which is 11.16% lower than the national median of $134,160 and 2.90% below the South Carolina state average of $122,743.
Cost-of-Living Adjusted Salary
Florence has a cost of living 8.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Florence, SC has a cost-of-living index of 91.5 (below the national average of 100). A actuary earning $119,184 nominally has purchasing power equivalent to $130,256 in an average-cost city — an effective 9.29% boost.
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2019 BLS Actual
$96,255
2025 BLS Actual
$115,488
2026 Current Est.
$119,184
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Florence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $96,255 | Actual |
| 2020 | $98,636 | Actual |
| 2021 | $94,078 | Actual |
| 2022 | $101,265 | Actual |
| 2023 | $106,604 | Actual |
| 2024 | $95,944 | Actual |
| 2025 | $115,488 | Actual |
| 2026(current) | $119,184 | Estimated |
| 2027 | $122,997 | Projected |
Based on 7 years of BLS OEWS data for the Florence metropolitan area, the median actuary salary grew 20.0% from $96,255 (2019) to $115,488 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $122,997 by 2027 — a total increase of $26,742 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Florence 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) | $69,975 – $94,116 |
| 3-5 years (Mid Career) | $94,116 – $119,184 |
| 5+ years (Experienced) | $119,184 – $152,143 |
| 10+ years (Top Earner) | $152,143 – $184,734 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Florence
Currently, only nine actuaries are employed in Florence, SC, emphasizing a niche market that may offer unique opportunities. The cost-of-living index at 91.5 indicates that expenses are below the national average, which can enhance the take-home purchasing power for professionals in the field. Among the local employers, life insurance companies like Prudential and health insurers such as UnitedHealth present lucrative options, while consulting firms like Mercer and WTW typically offer the highest salaries, particularly for those who have achieved FSA or FCAS status. Pay disparities may arise due to factors like exam progression and specialization market trends; passing each exam can significantly boost earnings. For those looking to maximize their actuary pay in Florence, pursuing advanced credentials while targeting consulting roles could be key strategies to enhance financial prospects in this evolving market.
More salary data for Florence, SC:
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 $115,488 for actuariesin the Florence 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 Florence 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