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The national median salary for Actuaries is $125,778 per year ($60.47/hr) according to the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2024. The middle 50% of earners make between $90,958 and $164,861 annually. Top earners at the 90th percentile reach $206,419 per year. There are approximately 28,340 actuaries employed in the United States.
About This Role
BLS Standard Occupational Classification 2018
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
Career Outlook
BLS Employment Projections · 2024-2034
10-year growth
+21.8%
Much faster than average
Annual openings
2K
per year, on avg
Workforce today
34K
as of 2024
Why those openings exist
30% from new growth70% from people leaving the role
Mixed: openings come from both new growth and people exiting the role.
Typical entry requirements
Education
Bachelor's degree
Experience
None
On-the-job training
Long-term on-the-job training
Industry Wage Breakdown
Top 5 industries by employment · median annual wage, sector-specific
Industry
Workforce
Median Pay
Insurance Carriers
NAICS 524100
15K
$124,140
Agencies, Brokerages, and Other Insurance Related Activities
NAICS 524200
6K
$133,900
Management, Scientific, and Technical Consulting Services
NAICS 541600
3K
$104,630
Management of Companies and Enterprises
NAICS 551100
1K
$133,030
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
NAICS 541200
770
$132,450
Wage range across top 5 industries: $104,630 to $133,900 (28% spread)
Wage Percentiles
Hourly & annualized (2,080 hours)
Percentile
Hourly Rate
Annual Salary
P10
$36.18
$75,254
P25
$43.73
$90,958
P50MEDIAN
$60.47
$125,778
P75
$79.26
$164,861
P90
$99.24
$206,419
Market Context Signal
JOLTS · tech sector
Cooling
Openings Rate
2.8%
Quits Rate
1.1%
Information sector openings held flat at 81K in March, but layoffs jumped to 66K (+13K, rate 2.4%) -- the highest layoff rate among major sectors. Quit rates dropped to 1.1%. Tech employers retain maximum leverage; cuts continue in pockets.
Frequently Asked Questions
What is the average actuaries salary?
The national median salary for Actuaries is $125,778 per year ($60.47/hr) according to BLS OEWS May 2024 data. The middle 50% earn between $90,958 and $164,861 annually.
How much do top-earning actuaries make?
The 90th percentile salary for Actuaries is $206,419 per year ($99.24/hr). The 75th percentile is $164,861 per year.
What is the entry-level salary for actuaries?
Entry-level Actuaries (10th percentile) earn approximately $75,254 per year ($36.18/hr). The 25th percentile is $90,958 per year.
Wage figures on this page come from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment & Wage Statistics (OEWS) survey, May 2024 release. OEWS surveys roughly 1.1 million establishments annually. It is the most comprehensive employer-reported wage dataset in the United States.
P10 through P90 percentiles represent the wage distribution across all surveyed employers (not self-reported by workers). Geographic adjustments use BLS-derived cost multipliers calibrated from regional wage variation.
Wages are estimates. Individual compensation depends on experience, education, employer size, industry, and negotiation. Use this as benchmark context, not absolute ground truth.
CompSignal is a free labor market intelligence tool built for HR, compensation, and talent acquisition teams. We make BLS data, the same primary source Mercer and Radford cross-reference in their paid surveys, searchable and actionable without an enterprise subscription.
Built and maintained by Falcon Incentives, a compensation strategy and incentive design consultancy.