Actuary Salary in Redmond, WA: $143,954 (2026)
Quick Answer:A full-time actuary in Redmond, WA earns a median $143,954/year (≈ $69.21/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Redmond's price level (7% above national, BEA RPP 107.4), that paycheck buys what $134,035 would nationally. Nominal pay sits 0.1% below the Washington state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $143,954 in 2026, the actuary salary in Redmond, WA, reflects a competitive market for actuarial professionals. Offering a salary range from $83,880 at the lower end to $223,129 at the higher end, Redmond's compensation appears attractive when compared to the national median of $134,160. These estimates, derived from BLS state-level data and regional price adjustments, indicate that actuaries specializing in life, health, or pension insurance may find favorable conditions within the local market. The growing demand for actuaries in Redmond can be attributed to the city's vibrant tech landscape and the presence of significant employers in the insurance space.
About the Redmond Market
Salary estimated from Washington average ($132,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $83,880 | $40.33 |
| Lower Range (P25) | $104,744 | $50.36 |
| Median (P50)(typical) | $143,954 | $69.21 |
| Upper Range (P75) | $184,261 | $88.59 |
| Top Earners (P90) | $223,129 | $107.28 |
Median Salary Position
7.30% above the national average
2026 Salary Percentile Distribution in Redmond
In Redmond, WA, the actuary salary spread from the 10th to 90th percentile is $139,249 (2026 est.). At $143,954, the local median is 7.3% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Redmond: You'd be in the lower-middle range
How Redmond Actuary Pay Compares
Redmond median: $143,954/year (2026)
| Compared To | Median Salary | Redmond Pays |
|---|---|---|
| Washington Average | $144,098 | -0.10% less |
| National Average | $134,160 | +7.30% more |
Actuarys in Redmond, WA earn a median of $143,954 per year (2026 est.), which is 7.30% higher than the national median of $134,160 and 0.10% below the Washington state average of $144,098.
Cost-of-Living Adjusted Salary
Redmond has a cost of living 7.40% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Redmond, WA has a cost-of-living index of 107.4 (above the national average of 100). While the nominal salary of $143,954 is competitive, the higher cost of living reduces purchasing power to an effective $134,035 — a 6.89% reduction.
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2019 BLS Actual
$116,260
2025 BLS Actual
$139,490
2026 Current Est.
$143,954
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Redmond (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $116,260 | Actual |
| 2020 | $119,135 | Actual |
| 2021 | $113,631 | Actual |
| 2022 | $122,311 | Actual |
| 2023 | $128,760 | Actual |
| 2024 | $141,636 | Actual |
| 2025 | $139,490 | Actual |
| 2026(current) | $143,954 | Estimated |
| 2027 | $148,560 | Projected |
Based on 7 years of BLS OEWS data for the Redmond metropolitan area, the median actuary salary grew 20.0% from $116,260 (2019) to $139,490 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $148,560 by 2027 — a total increase of $32,300 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Redmond 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) | $83,880 – $104,744 |
| 3-5 years (Mid Career) | $104,744 – $143,954 |
| 5+ years (Experienced) | $143,954 – $184,261 |
| 10+ years (Top Earner) | $184,261 – $223,129 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Redmond
Examining the actuarial job market in Redmond reveals distinct dynamics influencing compensation. Currently, there are 14 actuaries employed in the area, navigating a cost-of-living index of 107.4, slightly above the national average. This higher cost of living can affect purchasing power, making it essential for professionals to consider salary agreements carefully. Among local employers, life insurance firms like Prudential and MetLife, alongside consulting giants like Mercer and Aon, typically offer the most competitive salaries. The variation in pay often hinges on several factors, including exam progression (where each passed exam can yield a pay increase), credential level, and specialty market. Actuaries aiming for the top could benefit from pursuing additional certifications and focusing on in-demand skills such as predictive analytics. Understanding these nuances will better position professionals seeking to maximize their actuary pay in Redmond, WA.
More salary data for Redmond, WA:
Frequently Asked Questions
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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 $139,490 for actuariesin the Redmond 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 Redmond 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