Actuary Salary in West Warwick, RI: $133,292 (2026)
Quick Answer:A full-time actuary in West Warwick, RI earns a median $133,292/year (≈ $64.09/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in West Warwick's price level (1% above national, BEA RPP 100.5), that paycheck buys what $132,629 would nationally. Nominal pay sits 1.1% below the Rhode Island state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in West Warwick, Rhode Island, can anticipate a median annual salary of $133,292, slightly below the national median of $134,160. The full salary range in the area spans from $82,128 at the 10th percentile to $206,602 at the 90th percentile. These figures, derived from 2025 BLS data and adjusted for regional economic factors, indicate that the local market does differentiate itself based on employer types. Actuaries working for consulting firms such as Milliman and Mercer typically enjoy higher compensation compared to those employed by insurance companies. Given the small number of actuaries currently in the region, which comprises only seven professionals, the demand for qualified candidates remains strong, particularly those with advanced credentials like FSA.
About the West Warwick Market
Salary estimated from Rhode Island average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $82,128 | $39.48 |
| Lower Range (P25) | $100,099 | $48.12 |
| Median (P50)(typical) | $133,292 | $64.09 |
| Upper Range (P75) | $170,204 | $81.83 |
| Top Earners (P90) | $206,602 | $99.33 |
Median Salary Position
0.65% below the national average
2026 Salary Percentile Distribution in West Warwick
In West Warwick, RI, the actuary salary spread from the 10th to 90th percentile is $124,474 (2026 est.). At $133,292, the local median is 0.65% below the national median of $134,160.
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At 40 hours/week in West Warwick: You'd be in the lower-middle range
How West Warwick Actuary Pay Compares
West Warwick median: $133,292/year (2026)
| Compared To | Median Salary | West Warwick Pays |
|---|---|---|
| Rhode Island Average | $134,775 | -1.10% less |
| National Average | $134,160 | -0.65% less |
Actuarys in West Warwick, RI earn a median of $133,292 per year (2026 est.), which is 0.65% lower than the national median of $134,160 and 1.10% below the Rhode Island state average of $134,775.
Cost-of-Living Adjusted Salary
West Warwick has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
West Warwick, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $133,292 is competitive, the higher cost of living reduces purchasing power to an effective $132,629 — a 0.5% reduction.
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2019 BLS Actual
$107,649
2025 BLS Actual
$129,159
2026 Current Est.
$133,292
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in West Warwick (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $107,649 | Actual |
| 2020 | $110,312 | Actual |
| 2021 | $105,215 | Actual |
| 2022 | $113,253 | Actual |
| 2023 | $119,224 | Actual |
| 2024 | $119,223 | Actual |
| 2025 | $129,159 | Actual |
| 2026(current) | $133,292 | Estimated |
| 2027 | $137,557 | Projected |
Based on 7 years of BLS OEWS data for the West Warwick metropolitan area, the median actuary salary grew 20.0% from $107,649 (2019) to $129,159 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $137,557 by 2027 — a total increase of $29,908 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the West Warwick 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) | $82,128 – $100,099 |
| 3-5 years (Mid Career) | $100,099 – $133,292 |
| 5+ years (Experienced) | $133,292 – $170,204 |
| 10+ years (Top Earner) | $170,204 – $206,602 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in West Warwick
The local job market's dynamics in West Warwick present unique opportunities for actuaries navigating their career paths. With a cost-of-living index at 100.5, which is slightly above the national average, potential earnings must take into account local expenses. The most lucrative positions in the area often stem from life insurance companies, such as Prudential and MetLife, but there's a competitive landscape with consulting firms generally offering higher salaries. Factors contributing to the compensation spread include exam progression—an important avenue for pay increases—where passing an actuarial exam can add $3,000 to $8,000 to base pay. To maximize earnings in West Warwick, actuaries should focus on obtaining fellowships in specialized fields, actively pursue career advancement in consulting, and build skill sets in predictive analytics and data science, aligning with market trends that demand such expertise.
More salary data for West Warwick, RI:
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 $129,159 for actuariesin the West Warwick 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 West Warwick 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