Actuary Salary in Richland, WA: $145,619 (2026)
Quick Answer:A full-time actuary in Richland, WA earns a median $145,619/year (≈ $70.01/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Richland's price level (7% above national, BEA RPP 107.4), that paycheck buys what $135,586 would nationally. Nominal pay sits 1.1% above the Washington state average.
Based on BLS state-level estimates · View source
For actuaries in Richland, Washington, the projected median annual salary reaches $145,619 in 2026, reflecting a competitive pay scale that exceeds the national median of $134,160 by 8.54%. The salary range for this profession in the area spans from $87,572 at the bottom decile to $225,710 at the top, illustrating the wide variation in compensation based on experience, specialization, and credential level. These estimates are derived from 2025 BLS data, adjusted for regional price levels, underpinning the localized demand for actuarial professionals where consulting firms like Milliman and Mercer typically lead in compensation compared to traditional insurance roles.
About the Richland Market
Salary estimated from Washington average ($132,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $87,572 | $42.11 |
| Lower Range (P25) | $107,997 | $51.92 |
| Median (P50)(typical) | $145,619 | $70.01 |
| Upper Range (P75) | $186,393 | $89.61 |
| Top Earners (P90) | $225,710 | $108.51 |
Median Salary Position
8.54% above the national average
2026 Salary Percentile Distribution in Richland
In Richland, WA, the actuary salary spread from the 10th to 90th percentile is $138,138 (2026 est.). At $145,619, the local median is 8.54% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Richland: You'd be in the lower-middle range
How Richland Actuary Pay Compares
Richland median: $145,619/year (2026)
| Compared To | Median Salary | Richland Pays |
|---|---|---|
| Washington Average | $144,035 | +1.10% more |
| National Average | $134,160 | +8.54% more |
Actuarys in Richland, WA earn a median of $145,619 per year (2026 est.), which is 8.54% higher than the national median of $134,160 and 1.10% above the Washington state average of $144,035.
Cost-of-Living Adjusted Salary
Richland has a cost of living 7.40% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Richland, WA has a cost-of-living index of 107.4 (above the national average of 100). While the nominal salary of $145,619 is competitive, the higher cost of living reduces purchasing power to an effective $135,586 — a 6.89% reduction.
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2019 BLS Actual
$117,605
2025 BLS Actual
$141,104
2026 Current Est.
$145,619
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Richland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $117,605 | Actual |
| 2020 | $120,514 | Actual |
| 2021 | $114,945 | Actual |
| 2022 | $123,726 | Actual |
| 2023 | $130,250 | Actual |
| 2024 | $143,275 | Actual |
| 2025 | $141,104 | Actual |
| 2026(current) | $145,619 | Estimated |
| 2027 | $150,279 | Projected |
Based on 7 years of BLS OEWS data for the Richland metropolitan area, the median actuary salary grew 20.0% from $117,605 (2019) to $141,104 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $150,279 by 2027 — a total increase of $32,674 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Richland 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) | $87,572 – $107,997 |
| 3-5 years (Mid Career) | $107,997 – $145,619 |
| 5+ years (Experienced) | $145,619 – $186,393 |
| 10+ years (Top Earner) | $186,393 – $225,710 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Richland
With only 15 actuaries employed in Richland, the local job market remains selective and selective, which often enhances salary offerings. The cost-of-living index in the area stands at 107.4, suggesting that while actuary pay in Richland is on the higher end, purchasing power is somewhat moderated. Employers such as Prudential and UnitedHealth contribute significantly to salary structures through traditional insurance routes. However, compensation attracts more favorable reviews among actuarial consultants, especially for those who have reached Fellowship status (FSA/FCAS). The notable pay disparity stems from various factors, including ongoing exam progression, specialty market focus, and employer investment in credential-related bonuses. For actuaries aiming to maximize their earnings, pursuing specialized credentials and exploring consulting opportunities rather than traditional insurance tracks would likely yield the highest financial rewards in the Richland market.
More salary data for Richland, WA:
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 $141,104 for actuariesin the Richland 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 Richland 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