Actuary Salary in Lake Ridge, VA: $132,672 (2026)
Quick Answer:A full-time actuary in Lake Ridge, VA earns a median $132,672/year (≈ $63.79/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Lake Ridge's price level (3% above national, BEA RPP 103.2), that paycheck buys what $128,558 would nationally. Nominal pay sits 4.2% below the Virginia state average.
Based on BLS state-level estimates · View source
In Lake Ridge, Virginia, actuaries are projected to earn a median annual salary of $132,672 in 2026, placing them slightly below the national median of $134,160. The local salary range for actuaries shows considerable variation, with entry-level positions starting at $81,990 and experienced professionals reaching up to $205,641. These figures are derived from BLS state-level data, adjusted for the area's cost of living, which reveals a competitive landscape particularly favoring those working with consulting firms like Milliman and Mercer, where pay gradients tend to be more favorable compared to traditional insurance companies. This competitive edge in compensation reflects the unique demands and specialization within the actuarial field in Lake Ridge.
About the Lake Ridge Market
Salary estimated from Virginia average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $81,990 | $39.42 |
| Lower Range (P25) | $99,711 | $47.94 |
| Median (P50)(typical) | $132,672 | $63.79 |
| Upper Range (P75) | $169,820 | $81.64 |
| Top Earners (P90) | $205,641 | $98.87 |
Median Salary Position
1.11% below the national average
2026 Salary Percentile Distribution in Lake Ridge
In Lake Ridge, VA, the actuary salary spread from the 10th to 90th percentile is $123,651 (2026 est.). At $132,672, the local median is 1.11% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Lake Ridge: You'd be in the lower-middle range
How Lake Ridge Actuary Pay Compares
Lake Ridge median: $132,672/year (2026)
| Compared To | Median Salary | Lake Ridge Pays |
|---|---|---|
| Virginia Average | $138,488 | -4.20% less |
| National Average | $134,160 | -1.11% less |
Actuarys in Lake Ridge, VA earn a median of $132,672 per year (2026 est.), which is 1.11% lower than the national median of $134,160 and 4.20% below the Virginia state average of $138,488.
Cost-of-Living Adjusted Salary
Lake Ridge has a cost of living 3.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Lake Ridge, VA has a cost-of-living index of 103.2 (above the national average of 100). While the nominal salary of $132,672 is competitive, the higher cost of living reduces purchasing power to an effective $128,558 — a 3.1% reduction.
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2019 BLS Actual
$107,148
2025 BLS Actual
$128,558
2026 Current Est.
$132,672
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Lake Ridge (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $107,148 | Actual |
| 2020 | $109,798 | Actual |
| 2021 | $104,725 | Actual |
| 2022 | $112,726 | Actual |
| 2023 | $118,669 | Actual |
| 2024 | $126,580 | Actual |
| 2025 | $128,558 | Actual |
| 2026(current) | $132,672 | Estimated |
| 2027 | $136,917 | Projected |
Based on 7 years of BLS OEWS data for the Lake Ridge metropolitan area, the median actuary salary grew 20.0% from $107,148 (2019) to $128,558 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $136,917 by 2027 — a total increase of $29,769 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Lake Ridge 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) | $81,990 – $99,711 |
| 3-5 years (Mid Career) | $99,711 – $132,672 |
| 5+ years (Experienced) | $132,672 – $169,820 |
| 10+ years (Top Earner) | $169,820 – $205,641 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Lake Ridge
Given that only 10 actuaries are currently employed in Lake Ridge, the job market is relatively niche, creating both challenges and opportunities for professionals seeking to maximize their actuary pay in this VA community. The area's cost-of-living index of 103.2 suggests that while salaries are competitive, take-home purchasing power can be impacted by slightly above-average living costs. Major employers include life and health insurance providers, as well as consulting firms, which typically offer more lucrative packages, especially for Fellow of the Society of Actuaries (FSA) credential holders. Factors such as exam progression, where each passed exam generally increases base pay, alongside specialty markets—like property & casualty reinsurance—can significantly influence earning potential in the region. Aspiring actuaries should consider strategic focus areas like predictive analytics and data science to enhance their marketability and take advantage of available employment opportunities in Lake Ridge.
More salary data for Lake Ridge, VA:
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 $128,558 for actuariesin the Lake Ridge 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 Lake Ridge 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