Actuary Salary in Towson, MD: $130,504 (2026)
Quick Answer:A full-time actuary in Towson, MD earns a median $130,504/year (≈ $62.75/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Towson's price level (9% above national, BEA RPP 109.3), that paycheck buys what $119,400 would nationally. Nominal pay sits 11.0% below the Maryland state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Towson, Maryland, can expect a median annual salary of $130,504, positioning the compensation slightly below the national median of $134,160. The salary ranges significantly from $83,760 for the lower 10th percentile to $202,280 for those at the 90th percentile. These estimates stem from BLS state-level data, adjusted for regional cost disparities, reflecting an evolving job market. For those considering a career as an actuary in Towson, the potential for growth paired with the area’s competitive pay can provide an attractive work environment for both new and experienced professionals.
About the Towson Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $83,760 | $40.27 |
| Lower Range (P25) | $100,746 | $48.43 |
| Median (P50)(typical) | $130,504 | $62.75 |
| Upper Range (P75) | $167,045 | $80.31 |
| Top Earners (P90) | $202,280 | $97.25 |
Median Salary Position
2.73% below the national average
2026 Salary Percentile Distribution in Towson
In Towson, MD, the actuary salary spread from the 10th to 90th percentile is $118,520 (2026 est.). At $130,504, the local median is 2.73% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Towson: You'd be in the lower-middle range
How Towson Actuary Pay Compares
Towson median: $130,504/year (2026)
| Compared To | Median Salary | Towson Pays |
|---|---|---|
| Maryland Average | $146,633 | -11.00% less |
| National Average | $134,160 | -2.73% less |
Actuarys in Towson, MD earn a median of $130,504 per year (2026 est.), which is 2.73% lower than the national median of $134,160 and 11.00% below the Maryland state average of $146,633.
Cost-of-Living Adjusted Salary
Towson has a cost of living 9.30% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Towson, MD has a cost-of-living index of 109.3 (above the national average of 100). While the nominal salary of $130,504 is competitive, the higher cost of living reduces purchasing power to an effective $119,400 — a 8.51% reduction.
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2019 BLS Actual
$105,397
2025 BLS Actual
$126,457
2026 Current Est.
$130,504
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Towson (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $105,397 | Actual |
| 2020 | $108,004 | Actual |
| 2021 | $103,014 | Actual |
| 2022 | $110,883 | Actual |
| 2023 | $116,730 | Actual |
| 2024 | $140,123 | Actual |
| 2025 | $126,457 | Actual |
| 2026(current) | $130,504 | Estimated |
| 2027 | $134,680 | Projected |
Based on 7 years of BLS OEWS data for the Towson metropolitan area, the median actuary salary grew 20.0% from $105,397 (2019) to $126,457 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $134,680 by 2027 — a total increase of $29,283 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Towson 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) | $83,760 – $100,746 |
| 3-5 years (Mid Career) | $100,746 – $130,504 |
| 5+ years (Experienced) | $130,504 – $167,045 |
| 10+ years (Top Earner) | $167,045 – $202,280 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Towson
The local job market for actuaries is relatively small, with only 11 actuaries currently employed in Towson. This limited pool suggests a concentrated job market where demand for skilled professionals can drive salaries higher. With a cost-of-living index of 109.3, salaries must accommodate both local expenses and market variations to maintain purchasing power. Major employers in Towson, such as Prudential, MetLife, and consulting firms like Mercer and Aon, tend to offer the most competitive pay packages. The gap between lower and higher salaries can largely be attributed to the exam progression system, where each passed exam typically results in a significant pay increase. For those seeking to maximize their actuary pay in Towson, pursuing additional credentials and enhancing data science skills can be valuable strategies, especially as the demand for analytical expertise grows within the industry.
More salary data for Towson, 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 $126,457 for actuariesin the Towson 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 Towson 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