Actuary Salary in Torrington, CT: $140,793 (2026)
Quick Answer:A full-time actuary in Torrington, CT earns a median $140,793/year (≈ $67.69/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Torrington's price level (8% above national, BEA RPP 107.9), that paycheck buys what $130,485 would nationally. Nominal pay sits 2.7% below the Connecticut state average.
Based on BLS state-level estimates · View source
In Torrington, Connecticut, actuaries can expect a median annual salary of $140,793 in 2026, which is slightly higher than the national median of $134,160 for the same year. The salary range for actuaries in this area stretches from $83,071 at the 10th percentile to $218,229 at the 90th percentile, illustrating the income disparities based on experience, qualifications, and specific roles. These figures are based on 2025 BLS data, projected to 2026, and adjusted for regional price parities, ensuring that the compensation reflects the local economic environment. Given the presence of prominent consulting firms like Milliman and Mercer, combined with established insurers, there is a competitive landscape for actuary roles in Torrington, influencing both entry-level and experienced pay structures.
About the Torrington Market
Salary estimated from Connecticut average ($145,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $83,071 | $39.94 |
| Lower Range (P25) | $111,482 | $53.60 |
| Median (P50)(typical) | $140,793 | $67.69 |
| Upper Range (P75) | $180,215 | $86.65 |
| Top Earners (P90) | $218,229 | $104.91 |
Median Salary Position
4.94% above the national average
2026 Salary Percentile Distribution in Torrington
In Torrington, CT, the actuary salary spread from the 10th to 90th percentile is $135,158 (2026 est.). At $140,793, the local median is 4.94% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Torrington: You'd be in the lower-middle range
How Torrington Actuary Pay Compares
Torrington median: $140,793/year (2026)
| Compared To | Median Salary | Torrington Pays |
|---|---|---|
| Connecticut Average | $144,700 | -2.70% less |
| National Average | $134,160 | +4.94% more |
Actuarys in Torrington, CT earn a median of $140,793 per year (2026 est.), which is 4.94% higher than the national median of $134,160 and 2.70% below the Connecticut state average of $144,700.
Cost-of-Living Adjusted Salary
Torrington has a cost of living 7.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Torrington, CT has a cost-of-living index of 107.9 (above the national average of 100). While the nominal salary of $140,793 is competitive, the higher cost of living reduces purchasing power to an effective $130,485 — a 7.32% reduction.
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2019 BLS Actual
$113,707
2025 BLS Actual
$136,427
2026 Current Est.
$140,793
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Torrington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $113,707 | Actual |
| 2020 | $116,519 | Actual |
| 2021 | $111,136 | Actual |
| 2022 | $119,625 | Actual |
| 2023 | $125,933 | Actual |
| 2024 | $152,168 | Actual |
| 2025 | $136,427 | Actual |
| 2026(current) | $140,793 | Estimated |
| 2027 | $145,298 | Projected |
Based on 7 years of BLS OEWS data for the Torrington metropolitan area, the median actuary salary grew 20.0% from $113,707 (2019) to $136,427 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $145,298 by 2027 — a total increase of $31,591 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Torrington 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) | $83,071 – $111,482 |
| 3-5 years (Mid Career) | $111,482 – $140,793 |
| 5+ years (Experienced) | $140,793 – $180,215 |
| 10+ years (Top Earner) | $180,215 – $218,229 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Torrington
With only nine actuaries currently employed in Torrington, the local job market remains relatively small but offers competitive opportunities within the broader Connecticut landscape. The cost of living index is at 107.9, indicating that living expenses are higher than the national average, which affects the take-home purchasing power of actuaries. Employers in the area, including life insurance giants like Prudential and health insurers like UnitedHealth, may offer higher salaries, particularly for fellows who have achieved FSA or FCAS designations. Additionally, the salary differential can be linked to examination progression and specialization; actuaries progressing through exams can see salary increases of approximately $3,000 to $8,000 per passed exam. Thus, attaining higher credentials and focusing on high-demand specialties such as property and casualty reinsurance or consulting roles can significantly enhance earning potential in the Torrington, CT job market.
More salary data for Torrington, 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 $136,427 for actuariesin the Torrington 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 Torrington 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