Actuary Salary in Maryland
Based on 580+ workers in Maryland
Median Annual Salary (MD)
$126,950
$61.03/hr
vs National Average
$124,781
+1.7% vs national median
Salary Range (10th–90th)
$77K – $185K
580 employed in Maryland
Actuaries in Maryland earn a median salary of $126,950 per year, positioning the state slightly above the national average at 2% higher. With approximately 580 actuaries currently employed throughout Maryland, the profession represents a stable career path for those with strong mathematical and analytical skills. Salary figures typically range from $76,670 to $185,220 annually, depending on individual circumstances.
Actuary salary in Maryland varies significantly based on experience level, employer type, and professional certifications. Insurance companies, pension funds, and consulting firms often offer different compensation packages, with larger metropolitan areas like Baltimore commanding higher wages. Actuaries with advanced credentials and specialized expertise in areas like health or life insurance typically earn at the upper end of the salary spectrum, while those early in their careers may start closer to the lower range.
Salary Distribution — Actuary in Maryland
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $76,670 |
| 25th percentile | $100,660 |
| Median (50th percentile) | $126,950 |
| 75th percentile | $165,400 |
| 90th percentile | $185,220 |
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 Maryland 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 Maryland vs National
| Year | Median Salary (Maryland) |
|---|---|
| 2022 | $100,410 |
| 2023 | $105,440 |
| 2024 | $132,740 |
| 2025 | $126,950 |
| 2026 (projected) | $126,950 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Maryland Median | National Median |
|---|---|---|
| 2022 | $100,410 | $112,138 |
| 2023 | $105,440 | $112,820 |
| 2024 | $132,740 | $121,524 |
| 2025 | $126,950 | $124,781 |
| 2026 (projected) | $126,950 | $124,781 |
Actuary Salary by Experience Level in Maryland
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $100,660 |
| Mid-level | 3-5 yrs | $126,950 |
| Senior | 6-9 yrs | $165,400 |
| Staff / Lead | 10+ yrs | $185,220 |
Actuary Salary in Other States
Related Actuary Salaries in Maryland
How other high-demand occupations in Maryland compare to Actuary ($126,950 median).
| Occupation | Median Salary | vs Actuary | Hourly |
|---|---|---|---|
| Financial Manager in MD | $158,750 | +25.0% | $76.32/hr |
| Economist in MD | $144,680 | +14.0% | $69.56/hr |
| Budget Analyst in MD | $106,020 | -16.5% | $50.97/hr |
| Financial Examiner in MD | $102,980 | -18.9% | $49.51/hr |
| Tax Examiner in MD | $101,400 | -20.1% | $48.75/hr |
| Financial Analyst in MD | $100,370 | -20.9% | $48.25/hr |
| Personal Financial Advisor in MD | $99,880 | -21.3% | $48.02/hr |
| Accountant in MD | $89,370 | -29.6% | $42.97/hr |
| Compliance Officer in MD | $84,720 | -33.3% | $40.73/hr |
| Credit Analyst in MD | $75,390 | -40.6% | $36.25/hr |
| Loan Officer in MD | $73,580 | -42.0% | $35.38/hr |
| Securities Sales Agent in MD | $61,660 | -51.4% | $29.64/hr |
Frequently Asked Questions
How much do actuaries make in Maryland?
- The median salary for actuaries in Maryland is $126,950 per year, or approximately $61 per hour. This is 1.7% higher than the national average for actuaries.
What is the salary range for actuaries in Maryland?
- Actuaries in Maryland earn between $76,670 and $185,220 annually, depending on experience, education, and certifications. The difference between entry-level and top earners represents a significant salary progression in the field.
Is being an actuary in Maryland above the national average?
- Yes, Maryland's median actuary salary of $126,950 is 1.7% above the national average. This makes Maryland a competitive state for actuary positions.
How many actuaries are employed in Maryland?
- There are approximately 580 actuaries currently employed in Maryland, indicating a stable job market in the state for this profession.