Entry-Level Actuary Salary in Portland, ME: $91,322 (2026)
Quick Answer:New actuaries entering the Portland, ME job market in 2026 can expect a starting salary around $91,322 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Portland's local price level (BEA RPP 101.9 — 2% above national), a first-year paycheck buys what $89,656 would in average-cost America. Most reach the city median ($142,643) within a few years of clinical practice.
Official BLS data · View source
New graduates embarking on a career in actuarial science in Portland, ME, can expect a starting salary around $91,322 in 2026. This figure represents the 10th percentile for entry-level positions, highlighting the initial earning potential for those freshly entering the workforce. However, it is essential to consider that this starting pay is below the city's median annual salary of $142,643. As new actuaries build their experience and skills, they can realistically anticipate salary progression, moving toward the 25th percentile at around $120,207 within their first three to five years. Portland presents itself as a favorable market for recent grads, especially with its projected annual growth rate of 3.20%, which indicates ongoing demand in the actuarial field.
Career Earnings Timeline in Portland
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Portland
Entry-level actuarys in Portland, ME typically start between $91,322 and $120,207 per year (2026 est.). The full salary range spans $80,217 from the 10th to 90th percentile, with the local median at $142,643 — 6.32% above the national median.
Return on Investment
The average actuarial science program cost in Maine of $58,000 represents just 63.51% of the starting actuary pay ($91,322/year) in Portland. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates cover bachelor's degree tuition at public and private universities, plus estimated actuarial exam fees and study materials. Employers often cover exam costs once employed.
ASA, FSA Salary Negotiation Tips for New Graduates in Portland
- 1Research the Portland market: entry-level actuary pay ranges from $91,322 to $120,207, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the actuarial science field — employers in ME often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Portland, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Portland for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Portland's moderate cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Portland is $80,217 ( 87.84%) between entry-level and top earners. Starting at $91,322, experienced hygienists can earn up to $171,539.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$60,030
2025 BLS Actual
$88,490
2026 Current Est.
$91,322
2019–2027 Growth
+57.0%
Salary Trajectory for Actuaries in Portland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $60,030 | Actual |
| 2020 | $63,670 | Actual |
| 2021 | $63,260 | Actual |
| 2022 | $64,210 | Actual |
| 2023 | $68,900 | Actual |
| 2024 | $85,990 | Actual |
| 2025 | $88,490 | Actual |
| 2026(current) | $91,322 | Estimated |
| 2027 | $94,244 | Projected |
Entry-level actuary compensation (10th percentile) in Portland, ME grew 47.4% over 7 years based on actual BLS metropolitan area surveys, rising from $60,030 in 2019 to $88,490 in 2025. By 2027, starting salaries are projected to reach $94,244. New graduates entering the Portland job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Portland 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.
Starting Your actuarial science Career in Portland
In Portland, major employers frequently seek entry-level actuaries, including prominent life insurance companies such as Prudential, MetLife, and Northwestern Mutual, which actively recruit from university actuarial programs. These firms often offer structured support for exam preparation, allowing aspiring actuaries to study while gaining real-world experience. Health insurance providers also play a role in hiring new graduates, while consulting firms like Milliman, Mercer, Aon, and WTW typically offer more competitive salaries, especially for those striving for ASA or FSA credentials. For actuaries in Maine, bolstering one's education with a degree in math, statistics, or actuarial science is vital, as is the completion of foundational exams required by the SOA or CAS, which often add significant value to starting pay. Since each passed exam can translate to an increase of $3,000 to $8,000 in base salary, new grads should prioritize exam progression in their first three years to enhance their career trajectory significantly.
More salary data for Portland, ME:
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
Entry-level 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 10th percentile (entry-level) is used as the starting salary benchmark for new actuarial science graduates. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Portland. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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