Actuary Salary in Newport News, VA: $139,529 (2026)
Quick Answer:A full-time actuary in Newport News, VA earns a median $139,529/year (≈ $67.08/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Newport News's price level (3% above national, BEA RPP 103.2), that paycheck buys what $135,203 would nationally. Nominal pay sits 0.8% above the Virginia state average.
Based on BLS state-level estimates · View source
Actuaries in Newport News, Virginia, are projected to earn a median annual salary of $139,529 in 2026, surpassing the national median of $134,160 by 4.00%. Salary ranges for this profession in the region reflect a broad spectrum, with entry-level pay starting at $87,604 and top earners making as much as $216,271. These figures stem from projections based on 2025 BLS data, which accounts for regional price parity, leading to a favorable pay gradient compared to many other states. The strong presence of consulting firms like Milliman and Mercer often drives salaries higher than those offered by traditional insurers, especially for fully credentialed actuaries at the Fellowship level.
About the Newport News Market
Salary estimated from Virginia average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $87,604 | $42.12 |
| Lower Range (P25) | $106,931 | $51.40 |
| Median (P50)(typical) | $139,529 | $67.08 |
| Upper Range (P75) | $178,598 | $85.86 |
| Top Earners (P90) | $216,271 | $103.97 |
Median Salary Position
4.00% above the national average
2026 Salary Percentile Distribution in Newport News
In Newport News, VA, the actuary salary spread from the 10th to 90th percentile is $128,667 (2026 est.). At $139,529, the local median is 4% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Newport News: You'd be in the lower-middle range
How Newport News Actuary Pay Compares
Newport News median: $139,529/year (2026)
| Compared To | Median Salary | Newport News Pays |
|---|---|---|
| Virginia Average | $138,422 | +0.80% more |
| National Average | $134,160 | +4.00% more |
Actuarys in Newport News, VA earn a median of $139,529 per year (2026 est.), which is 4.00% higher than the national median of $134,160 and 0.80% above the Virginia state average of $138,422.
Cost-of-Living Adjusted Salary
Newport News has a cost of living 3.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Newport News, VA has a cost-of-living index of 103.2 (above the national average of 100). While the nominal salary of $139,529 is competitive, the higher cost of living reduces purchasing power to an effective $135,203 — a 3.1% reduction.
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2019 BLS Actual
$112,687
2025 BLS Actual
$135,203
2026 Current Est.
$139,529
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Newport News (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $112,687 | Actual |
| 2020 | $115,474 | Actual |
| 2021 | $110,138 | Actual |
| 2022 | $118,552 | Actual |
| 2023 | $124,803 | Actual |
| 2024 | $133,123 | Actual |
| 2025 | $135,203 | Actual |
| 2026(current) | $139,529 | Estimated |
| 2027 | $143,994 | Projected |
Based on 7 years of BLS OEWS data for the Newport News metropolitan area, the median actuary salary grew 20.0% from $112,687 (2019) to $135,203 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $143,994 by 2027 — a total increase of $31,307 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Newport News 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) | $87,604 – $106,931 |
| 3-5 years (Mid Career) | $106,931 – $139,529 |
| 5+ years (Experienced) | $139,529 – $178,598 |
| 10+ years (Top Earner) | $178,598 – $216,271 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Newport News
In Newport News, the market for actuaries features 39 professionals currently employed, indicating a stable demand for expertise in the field. With a cost-of-living index of 103.2, actuaries may find that their higher salaries translate into better purchasing power compared to national averages. Local life insurance giants like Prudential and MetLife typically provide among the highest compensation packages, while consulting firms also present lucrative opportunities, especially for FSAs and FCAS credentials. The significant pay spread in the region can be attributed to factors such as exam progression, specialty focus, and the competitive nature of retirement consulting and predictive analytics roles. To maximize earning potential, aspiring actuaries should aim to complete exams swiftly, seek positions in higher-paying sectors, and leverage any available study support or signing bonuses that come with advancing credentials.
More salary data for Newport News, 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 $135,203 for actuariesin the Newport News 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 Newport News 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