Actuary Salary in Morgantown, WV: $91,590 (2026)
Quick Answer:A full-time actuary in Morgantown, WV earns a median $91,590/year (≈ $44.04/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Morgantown's price level (13% below national, BEA RPP 86.5), that paycheck buys what $105,884 would nationally. Nominal pay sits 4.3% below the West Virginia state average.
Based on BLS state-level estimates · View source
In Morgantown, West Virginia, the projected median annual salary for actuaries in 2026 is estimated at $91,590, reflecting a significant pay gap of approximately 31.73% below the national median of $134,160. Salary ranges for the profession vary widely, with entry-level positions starting at around $59,225 (P10) and experienced professionals earning up to $141,965 (P90). These figures derive from the 2025 BLS data, adjusted for regional cost variations and local market conditions. The job outlook for actuaries in Morgantown is influenced by the presence of both consulting firms such as Milliman, Mercer, and WTW and traditional insurers, shaping the overall compensation structure in the region.
About the Morgantown Market
Salary estimated from West Virginia average ($95,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $59,225 | $28.47 |
| Lower Range (P25) | $70,772 | $34.03 |
| Median (P50)(typical) | $91,590 | $44.04 |
| Upper Range (P75) | $117,235 | $56.37 |
| Top Earners (P90) | $141,965 | $68.26 |
Median Salary Position
31.73% below the national average
2026 Salary Percentile Distribution in Morgantown
In Morgantown, WV, the actuary salary spread from the 10th to 90th percentile is $82,740 (2026 est.). At $91,590, the local median is 31.73% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Morgantown: You'd be in the lower-middle range
How Morgantown Actuary Pay Compares
Morgantown median: $91,590/year (2026)
| Compared To | Median Salary | Morgantown Pays |
|---|---|---|
| West Virginia Average | $95,705 | -4.30% less |
| National Average | $134,160 | -31.73% less |
Actuarys in Morgantown, WV earn a median of $91,590 per year (2026 est.), which is 31.73% lower than the national median of $134,160 and 4.30% below the West Virginia state average of $95,705.
Cost-of-Living Adjusted Salary
Morgantown has a cost of living 13.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Morgantown, WV has a cost-of-living index of 86.5 (below the national average of 100). A actuary earning $91,590 nominally has purchasing power equivalent to $105,884 in an average-cost city — an effective 15.61% boost.
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2019 BLS Actual
$73,970
2025 BLS Actual
$88,750
2026 Current Est.
$91,590
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Morgantown (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $73,970 | Actual |
| 2020 | $75,799 | Actual |
| 2021 | $72,297 | Actual |
| 2022 | $77,820 | Actual |
| 2023 | $81,923 | Actual |
| 2024 | $78,674 | Actual |
| 2025 | $88,750 | Actual |
| 2026(current) | $91,590 | Estimated |
| 2027 | $94,521 | Projected |
Based on 7 years of BLS OEWS data for the Morgantown metropolitan area, the median actuary salary grew 20.0% from $73,970 (2019) to $88,750 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $94,521 by 2027 — a total increase of $20,551 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Morgantown 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) | $59,225 – $70,772 |
| 3-5 years (Mid Career) | $70,772 – $91,590 |
| 5+ years (Experienced) | $91,590 – $117,235 |
| 10+ years (Top Earner) | $117,235 – $141,965 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Morgantown
With only eight actuaries currently employed in Morgantown, the local labor market is relatively limited, yet it boasts a favorable cost of living index of 86.5. This index means that take-home pay goes further compared to national standards, making the actuary pay in Morgantown WV an appealing option for new professionals seeking to enter the field. Employers from various sectors, including health insurance and managed care with companies like UnitedHealth and Cigna, typically offer competitive compensation packages. To increase earning potential, candidates should focus on passing exams as each successful completion can lead to incremental pay increases. Additionally, aiming for credentials such as FSA or FCAS can significantly elevate salary prospects, especially for those looking to work in high-demand specialties like property and casualty reinsurance or consulting.
More salary data for Morgantown, WV:
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 $88,750 for actuariesin the Morgantown 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 Morgantown 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