Actuary Salary in Socorro, TX: $122,796 (2026)
Quick Answer:A full-time actuary in Socorro, TX earns a median $122,796/year (≈ $59.04/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Socorro's price level (4% below national, BEA RPP 96.0), that paycheck buys what $127,913 would nationally. Nominal pay sits 4.7% below the Texas state average.
Based on BLS state-level estimates · View source
In 2026, the projected median annual salary for an actuary in Socorro, Texas, is estimated to be $122,796. This figure represents a competitive compensation level, although it falls approximately 8.47% lower than the national median of $134,160. Local salaries range significantly, from $78,447 at the 10th percentile to as high as $190,333 at the 90th percentile, reflecting a diverse pay gradient. These estimates are derived from 2025 BLS data, adjusted to account for regional cost of living factors. Actuaries in this market should be aware that factors such as employer type significantly influence compensation, particularly as consulting firms like Milliman and Mercer tend to offer higher pay compared to traditional insurance firms.
About the Socorro Market
Salary estimated from Texas average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,447 | $37.72 |
| Lower Range (P25) | $94,275 | $45.33 |
| Median (P50)(typical) | $122,796 | $59.04 |
| Upper Range (P75) | $157,179 | $75.56 |
| Top Earners (P90) | $190,333 | $91.51 |
Median Salary Position
8.47% below the national average
2026 Salary Percentile Distribution in Socorro
In Socorro, TX, the actuary salary spread from the 10th to 90th percentile is $111,886 (2026 est.). At $122,796, the local median is 8.47% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Socorro: You'd be in the lower-middle range
How Socorro Actuary Pay Compares
Socorro median: $122,796/year (2026)
| Compared To | Median Salary | Socorro Pays |
|---|---|---|
| Texas Average | $128,852 | -4.70% less |
| National Average | $134,160 | -8.47% less |
Actuarys in Socorro, TX earn a median of $122,796 per year (2026 est.), which is 8.47% lower than the national median of $134,160 and 4.70% below the Texas state average of $128,852.
Cost-of-Living Adjusted Salary
Socorro has a cost of living 4.00% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Socorro, TX has a cost-of-living index of 96 (below the national average of 100). A actuary earning $122,796 nominally has purchasing power equivalent to $127,913 in an average-cost city — an effective 4.17% boost.
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2019 BLS Actual
$99,172
2025 BLS Actual
$118,988
2026 Current Est.
$122,796
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Socorro (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,172 | Actual |
| 2020 | $101,625 | Actual |
| 2021 | $96,929 | Actual |
| 2022 | $104,334 | Actual |
| 2023 | $109,835 | Actual |
| 2024 | $117,158 | Actual |
| 2025 | $118,988 | Actual |
| 2026(current) | $122,796 | Estimated |
| 2027 | $126,725 | Projected |
Based on 7 years of BLS OEWS data for the Socorro metropolitan area, the median actuary salary grew 20.0% from $99,172 (2019) to $118,988 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $126,725 by 2027 — a total increase of $27,553 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Socorro 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) | $78,447 – $94,275 |
| 3-5 years (Mid Career) | $94,275 – $122,796 |
| 5+ years (Experienced) | $122,796 – $157,179 |
| 10+ years (Top Earner) | $157,179 – $190,333 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Socorro
Given that only five actuaries are currently employed in Socorro, the local job market for this profession remains fairly niche. The cost of living index stands at 96, indicating a moderate living expense level that impacts purchasing power. Employers from various sectors are involved in the market, with life insurance companies like Prudential and health insurers such as Cigna presenting lucrative opportunities. The variance in salaries can be attributed to credential levels—those holding FSA/FCAS designations typically command higher wages due to the exam progression that adds considerably to base pay. To maximize earnings in Socorro, actuaries should consider enhancing their qualifications through further exams or specialization in high-demand areas like property and casualty insurance, consulting, or even data analytics—skills increasingly valued in today’s market.
More salary data for Socorro, TX:
Frequently Asked Questions
How much do actuaries make in Socorro, TX in 2026?
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Can actuaries make $100K in Socorro?
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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 $118,988 for actuariesin the Socorro 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 Socorro 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