Actuary Salary in Danbury, CT: $196,151 (2026)
Quick Answer:A full-time actuary in Danbury, CT earns a median $196,151/year (≈ $94.30/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Danbury's price level (8% above national, BEA RPP 107.9), that paycheck buys what $181,790 would nationally. Nominal pay sits 35.5% above the Connecticut state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Danbury, Connecticut, can expect a median annual salary of $196,151, which significantly exceeds the national median of $134,160 for the same year. This notable figure reflects the competitive nature of salaries within consulting firms, such as Milliman and Mercer, which tend to offer higher compensation compared to traditional insurers. Local estimates indicate a salary range stretching from $119,743 at the 10th percentile to an impressive $304,034 at the 90th percentile. These numbers come from BLS state-level data adjusted for regional price variances, implying that actuaries in Danbury can not only anticipate robust pay but also a supportive market that appreciates their expertise.
About the Danbury Market
Salary estimated from Connecticut average ($145,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $119,743 | $57.56 |
| Lower Range (P25) | $147,413 | $70.87 |
| Median (P50)(typical) | $196,151 | $94.30 |
| Upper Range (P75) | $251,073 | $120.71 |
| Top Earners (P90) | $304,034 | $146.17 |
Median Salary Position
46.21% above the national average
2026 Salary Percentile Distribution in Danbury
In Danbury, CT, the actuary salary spread from the 10th to 90th percentile is $184,291 (2026 est.). At $196,151, the local median is 46.21% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Danbury: You'd be in the lower-middle range
How Danbury Actuary Pay Compares
Danbury median: $196,151/year (2026)
| Compared To | Median Salary | Danbury Pays |
|---|---|---|
| Connecticut Average | $144,761 | +35.50% more |
| National Average | $134,160 | +46.21% more |
Actuarys in Danbury, CT earn a median of $196,151 per year (2026 est.), which is 46.21% higher than the national median of $134,160 and 35.50% above the Connecticut state average of $144,761.
Cost-of-Living Adjusted Salary
Danbury has a cost of living 7.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Danbury, CT has a cost-of-living index of 107.9 (above the national average of 100). While the nominal salary of $196,151 is competitive, the higher cost of living reduces purchasing power to an effective $181,790 — a 7.32% reduction.
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2019 BLS Actual
$158,415
2025 BLS Actual
$190,069
2026 Current Est.
$196,151
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Danbury (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $158,415 | Actual |
| 2020 | $162,334 | Actual |
| 2021 | $154,833 | Actual |
| 2022 | $166,661 | Actual |
| 2023 | $175,448 | Actual |
| 2024 | $151,650 | Actual |
| 2025 | $190,069 | Actual |
| 2026(current) | $196,151 | Estimated |
| 2027 | $202,428 | Projected |
Based on 7 years of BLS OEWS data for the Danbury metropolitan area, the median actuary salary grew 20.0% from $158,415 (2019) to $190,069 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $202,428 by 2027 — a total increase of $44,013 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Danbury 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $119,743 – $147,413 |
| 3-5 years (Mid Career) | $147,413 – $196,151 |
| 5+ years (Experienced) | $196,151 – $251,073 |
| 10+ years (Top Earner) | $251,073 – $304,034 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Danbury
Despite employing only a small cohort of 12 actuaries, Danbury showcases a solid job market, particularly in the context of the local cost-of-living index of 107.9, which suggests that actuary pay in Danbury CT is reflective of higher living expenses compared to the national average. Top-paying employers include established life insurance firms like Prudential and MetLife, as well as major consulting firms such as Aon and WTW, which tend to pay outsized salaries especially for those holding FSA credentials. This significant pay spread is driven by factors like the progression through actuarial exams, where each achievement can increase salary by $3,000 to $8,000. To maximize earning potential, emerging actuaries in Danbury should concentrate on advancing through their exam progression and acquiring sought-after skills in predictive analytics, which are increasingly valuable in the evolving actuarial landscape.
More salary data for Danbury, CT:
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
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 BLS reported a median annual salary of $190,069 for actuariesin the Danbury metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Danbury is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
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