Actuary Salary in Maryland
Based on 580+ workers in Maryland
Median Annual Salary (MD)
$126,950
$61.034/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 |
Historical Salary Trend — Actuary in Maryland vs National
| Year | Median Salary (United States) |
|---|---|
| 2022 | $100,410 |
| 2023 | $105,440 |
| 2024 | $132,740 |
| 2025 | $126,950 |
| 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 |
Actuary Salary by Experience Level in Maryland
Actuary Salary in Other States
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.