Actuary Salary in Severn, MD: $143,422 (2026)
Quick Answer:A full-time actuary in Severn, MD earns a median $143,422/year (≈ $68.95/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Severn's price level (9% above national, BEA RPP 109.3), that paycheck buys what $131,219 would nationally. Nominal pay sits 2.2% below the Maryland state average.
Based on BLS state-level estimates · View source
Actuaries in Severn, MD, can expect a median annual salary of $143,422 in 2026, reflecting a competitive edge in the local job market compared to the national median of $134,160. The salary range is notable, spanning from $90,033 at the 10th percentile to $222,304 at the 90th percentile, illustrating the potential for significant earnings as professionals progress in their careers. These figures are projections based on 2025 BLS data and incorporate regional cost adjustments that account for Severn's higher-than-average cost of living. With a small but stable cohort of 12 actuaries working in the area, the job market indicates consistent demand for skilled professionals.
About the Severn Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $90,033 | $43.28 |
| Lower Range (P25) | $109,315 | $52.56 |
| Median (P50)(typical) | $143,422 | $68.95 |
| Upper Range (P75) | $183,580 | $88.26 |
| Top Earners (P90) | $222,304 | $106.87 |
Median Salary Position
6.90% above the national average
2026 Salary Percentile Distribution in Severn
In Severn, MD, the actuary salary spread from the 10th to 90th percentile is $132,271 (2026 est.). At $143,422, the local median is 6.9% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Severn: You'd be in the lower-middle range
How Severn Actuary Pay Compares
Severn median: $143,422/year (2026)
| Compared To | Median Salary | Severn Pays |
|---|---|---|
| Maryland Average | $146,648 | -2.20% less |
| National Average | $134,160 | +6.90% more |
Actuarys in Severn, MD earn a median of $143,422 per year (2026 est.), which is 6.90% higher than the national median of $134,160 and 2.20% below the Maryland state average of $146,648.
Cost-of-Living Adjusted Salary
Severn has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Severn, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $143,422 is competitive, the higher cost of living reduces purchasing power to an effective $131,219 — a 8.51% reduction.
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2019 BLS Actual
$115,830
2025 BLS Actual
$138,975
2026 Current Est.
$143,422
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Severn (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $115,830 | Actual |
| 2020 | $118,695 | Actual |
| 2021 | $113,211 | Actual |
| 2022 | $121,860 | Actual |
| 2023 | $128,285 | Actual |
| 2024 | $138,975 | Actual |
| 2025 | $138,975 | Actual |
| 2026(current) | $143,422 | Estimated |
| 2027 | $148,012 | Projected |
Based on 7 years of BLS OEWS data for the Severn metropolitan area, the median actuary salary grew 20.0% from $115,830 (2019) to $138,975 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $148,012 by 2027 — a total increase of $32,182 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Severn 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) | $90,033 – $109,315 |
| 3-5 years (Mid Career) | $109,315 – $143,422 |
| 5+ years (Experienced) | $143,422 – $183,580 |
| 10+ years (Top Earner) | $183,580 – $222,304 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Severn
In terms of local employment dynamics, Severn’s actuary pay often varies according to specialization and credential level. Employers, such as life insurance giants Prudential and MetLife, are principal players that offer competitive salaries, often influenced by the actuarial exam progression—each passed exam generally equating to a salary boost of several thousand dollars. The cost of living index in Severn stands at 109.3, suggesting that while salaries are decent, living expenses are slightly elevated, potentially impacting take-home pay. The disparity in compensation can also reflect the type of work; for instance, positions in property and casualty reinsurance tend to pay more than those in life insurance. To maximize earnings, actuaries in the area should focus on acquiring advanced credentials like the FSA or FCAS, which can unlock higher salary brackets, especially within consulting firms like Mercer and Aon, known for premium compensation packages.
More salary data for Severn, 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 $138,975 for actuariesin the Severn 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 Severn 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