Actuary Salary in Maine
Based on 80+ workers in Maine
Median Annual Salary (ME)
$119,620
$57.51/hr
vs National Average
$124,781
-4.1% vs national median
Salary Range (10th–90th)
$85K – $166K
80 employed in Maine
Actuaries in Maine earn a median salary of $119,620 per year, which is 4% below the national average. Despite this difference, the field remains well-compensated in the state. Currently, approximately 80 actuaries work in Maine, representing a small but established professional community focused on risk assessment and financial planning across various industries.
Actuary salary in Maine varies based on several key factors, including years of experience, professional certifications, and the specific industry sector. Advanced credentials like Fellowship or Associateship designations typically command higher compensation. Employer size and financial stability also influence earning potential, with larger insurance companies and financial institutions generally offering more competitive packages than smaller regional firms.
Salary Distribution — Actuary in Maine
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $85,200 |
| 25th percentile | $104,490 |
| Median (50th percentile) | $119,620 |
| 75th percentile | $138,220 |
| 90th percentile | $166,220 |
Top-Paying Industries for Actuary (U.S.)
Which industries pay Actuarys the most — nationwide figures (industry-level data is not available by state). Actuarys in Maine tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Other Services (except Public Administration) | $175,980 | 50 |
| Finance and Insurance | $131,450 | 20K |
| Management of Companies and Enterprises | $129,810 | 1K |
| Government (excl. schools, hospitals & USPS) | $129,650 | 850 |
| Professional, Scientific, and Technical Services | $124,130 | 4K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Actuary in Maine vs National
| Year | Median Salary (Maine) |
|---|---|
| 2022 | $116,600 |
| 2023 | $119,090 |
| 2024 | $132,970 |
| 2025 | $119,620 |
| 2026 (projected) | $119,620 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Maine Median | National Median |
|---|---|---|
| 2022 | $116,600 | $112,138 |
| 2023 | $119,090 | $112,820 |
| 2024 | $132,970 | $121,524 |
| 2025 | $119,620 | $124,781 |
| 2026 (projected) | $119,620 | $124,781 |
Actuary Salary by Experience Level in Maine
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $104,490 |
| Mid-level | 3-5 yrs | $119,620 |
| Senior | 6-9 yrs | $138,220 |
| Staff / Lead | 10+ yrs | $166,220 |
Actuary Salary in Other States
Related Actuary Salaries in Maine
How other high-demand occupations in Maine compare to Actuary ($119,620 median).
| Occupation | Median Salary | vs Actuary | Hourly |
|---|---|---|---|
| Financial Manager in ME | $133,610 | +11.7% | $64.24/hr |
| Tax Examiner in ME | $109,060 | -8.8% | $52.43/hr |
| Economist in ME | $91,480 | -23.5% | $43.98/hr |
| Financial Analyst in ME | $88,320 | -26.2% | $42.46/hr |
| Budget Analyst in ME | $88,130 | -26.3% | $42.37/hr |
| Compliance Officer in ME | $83,740 | -30.0% | $40.26/hr |
| Loan Officer in ME | $81,900 | -31.5% | $39.38/hr |
| Credit Analyst in ME | $81,750 | -31.7% | $39.30/hr |
| Financial Examiner in ME | $80,840 | -32.4% | $38.87/hr |
| Accountant in ME | $77,480 | -35.2% | $37.25/hr |
| Insurance Sales Agent in ME | $62,920 | -47.4% | $30.25/hr |
| Securities Sales Agent in ME | $59,970 | -49.9% | $28.83/hr |
Frequently Asked Questions
How much do actuaries make in Maine?
- The median salary for actuaries in Maine is $119,620 per year, or $58 per hour. This is approximately 4.1% below the national average for actuaries.
What is the salary range for actuaries working in Maine?
- Actuaries in Maine earn between $85,200 and $166,220 annually, depending on experience, employer, and other factors. This represents a range of over $81,000 between entry-level and top earners.
How many actuaries are employed in Maine?
- There are approximately 80 actuaries currently employed in Maine, making it a relatively small but established profession in the state.
Is the actuary salary in Maine competitive compared to the national average?
- Maine's median actuary salary of $119,620 is slightly below the national average by 4.1%. While not the highest-paying state, it still offers solid compensation for the profession.