Actuary Salary in Cumberland, MD: $135,727 (2026)
Quick Answer:A full-time actuary in Cumberland, MD earns a median $135,727/year (≈ $65.25/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Cumberland's price level (9% above national, BEA RPP 109.3), that paycheck buys what $124,178 would nationally. Nominal pay sits 7.4% below the Maryland state average.
Based on BLS state-level estimates · View source
In Cumberland, Maryland, actuaries can expect a median annual salary of $135,727 in 2026, which is slightly above the national median of $134,160. The local salary range for this profession is quite broad, starting from $90,030 for those at the lower end of the spectrum to $210,274 for those in the top percentile. These figures, derived from 2025 BLS data projected to 2026, reflect the unique economic climate of Cumberland, where the cost of living is higher than the national average, indexed at 109.3. Notably, the demand for actuarial professionals is supported by the presence of local employers who invest in their talent, making the Cumberland job market reasonably competitive for aspiring and established actuaries alike.
About the Cumberland Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $90,030 | $43.28 |
| Lower Range (P25) | $106,148 | $51.03 |
| Median (P50)(typical) | $135,727 | $65.25 |
| Upper Range (P75) | $173,213 | $83.27 |
| Top Earners (P90) | $210,274 | $101.09 |
Median Salary Position
1.17% above the national average
2026 Salary Percentile Distribution in Cumberland
In Cumberland, MD, the actuary salary spread from the 10th to 90th percentile is $120,244 (2026 est.). At $135,727, the local median is 1.17% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Cumberland: You'd be in the lower-middle range
How Cumberland Actuary Pay Compares
Cumberland median: $135,727/year (2026)
| Compared To | Median Salary | Cumberland Pays |
|---|---|---|
| Maryland Average | $146,573 | -7.40% less |
| National Average | $134,160 | +1.17% more |
Actuarys in Cumberland, MD earn a median of $135,727 per year (2026 est.), which is 1.17% higher than the national median of $134,160 and 7.40% below the Maryland state average of $146,573.
Cost-of-Living Adjusted Salary
Cumberland has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Cumberland, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $135,727 is competitive, the higher cost of living reduces purchasing power to an effective $124,178 — a 8.51% reduction.
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2019 BLS Actual
$109,615
2025 BLS Actual
$131,518
2026 Current Est.
$135,727
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Cumberland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $109,615 | Actual |
| 2020 | $112,326 | Actual |
| 2021 | $107,137 | Actual |
| 2022 | $115,321 | Actual |
| 2023 | $121,401 | Actual |
| 2024 | $131,518 | Actual |
| 2025 | $131,518 | Actual |
| 2026(current) | $135,727 | Estimated |
| 2027 | $140,070 | Projected |
Based on 7 years of BLS OEWS data for the Cumberland metropolitan area, the median actuary salary grew 20.0% from $109,615 (2019) to $131,518 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $140,070 by 2027 — a total increase of $30,455 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Cumberland 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) | $90,030 – $106,148 |
| 3-5 years (Mid Career) | $106,148 – $135,727 |
| 5+ years (Experienced) | $135,727 – $173,213 |
| 10+ years (Top Earner) | $173,213 – $210,274 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Cumberland
The local job market currently employs five actuaries, indicating a specialized community, which enhances networking opportunities. However, the cost of living—evaluated at a cost of living index of 109.3—means that take-home purchasing power may require careful financial planning. Among local employers, life insurance companies like Prudential and health insurers such as UnitedHealth tend to offer competitive salaries relative to other sectors. The variation in actuary pay in Cumberland can be influenced by several factors, including exam progression, as each passed exam potentially adds $3,000 to $8,000 to an actuary’s salary. Furthermore, the jump from Associate to Fellow status significantly affects compensation, particularly in consulting firms, which often pay premium rates for those holding higher credentials. For candidates looking to optimize their earnings in Cumberland, it is advisable to focus on obtaining advanced credentials and specialized skills in burgeoning fields such as predictive analytics and data science, which are increasingly desired in the market.
More salary data for Cumberland, MD:
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 $131,518 for actuariesin the Cumberland 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 Cumberland 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