Actuary Salary in Woonsocket, RI: $130,330 (2026)
Quick Answer:A full-time actuary in Woonsocket, RI earns a median $130,330/year (≈ $62.66/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Woonsocket's price level (1% above national, BEA RPP 100.5), that paycheck buys what $129,682 would nationally. Nominal pay sits 3.3% below the Rhode Island state average.
Based on BLS state-level estimates · View source
Actuaries in Woonsocket, Rhode Island, can expect to see a median annual salary of $130,330 in 2026, slightly lower than the national median of $134,160. The salary range for this profession is notable, with entry-level positions (P10) starting around $86,323, while experienced professionals at the top of their field may earn as much as $202,012 (P90). These figures are based on projections derived from 2025 BLS data, considering regional price adjustments. The actuary market in Woonsocket presents opportunities for specialists aligned with either the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS), impacting salary potential and job prospects in specific sectors such as life insurance versus property and casualty.
About the Woonsocket Market
Salary estimated from Rhode Island average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $86,323 | $41.50 |
| Lower Range (P25) | $102,220 | $49.14 |
| Median (P50)(typical) | $130,330 | $62.66 |
| Upper Range (P75) | $165,695 | $79.66 |
| Top Earners (P90) | $202,012 | $97.12 |
Median Salary Position
2.85% below the national average
2026 Salary Percentile Distribution in Woonsocket
In Woonsocket, RI, the actuary salary spread from the 10th to 90th percentile is $115,689 (2026 est.). At $130,330, the local median is 2.85% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Woonsocket: You'd be in the lower-middle range
How Woonsocket Actuary Pay Compares
Woonsocket median: $130,330/year (2026)
| Compared To | Median Salary | Woonsocket Pays |
|---|---|---|
| Rhode Island Average | $134,778 | -3.30% less |
| National Average | $134,160 | -2.85% less |
Actuarys in Woonsocket, RI earn a median of $130,330 per year (2026 est.), which is 2.85% lower than the national median of $134,160 and 3.30% below the Rhode Island state average of $134,778.
Cost-of-Living Adjusted Salary
Woonsocket has a cost of living 0.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Woonsocket, RI has a cost-of-living index of 100.5 (above the national average of 100). While the nominal salary of $130,330 is competitive, the higher cost of living reduces purchasing power to an effective $129,682 — a 0.5% reduction.
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2019 BLS Actual
$105,257
2025 BLS Actual
$126,289
2026 Current Est.
$130,330
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Woonsocket (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $105,257 | Actual |
| 2020 | $107,861 | Actual |
| 2021 | $102,877 | Actual |
| 2022 | $110,736 | Actual |
| 2023 | $116,574 | Actual |
| 2024 | $116,575 | Actual |
| 2025 | $126,289 | Actual |
| 2026(current) | $130,330 | Estimated |
| 2027 | $134,501 | Projected |
Based on 7 years of BLS OEWS data for the Woonsocket metropolitan area, the median actuary salary grew 20.0% from $105,257 (2019) to $126,289 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $134,501 by 2027 — a total increase of $29,244 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Woonsocket 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) | $86,323 – $102,220 |
| 3-5 years (Mid Career) | $102,220 – $130,330 |
| 5+ years (Experienced) | $130,330 – $165,695 |
| 10+ years (Top Earner) | $165,695 – $202,012 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Woonsocket
With only nine actuaries currently employed in Woonsocket, the local job market showcases both its niche nature and potential for growth, given the projected annual growth rate of 3.20%. The cost of living index sits at 100.5, indicating a slightly elevated cost compared to the national average, which can affect real purchasing power for actuaries in the area. Life insurance companies like Prudential and MetLife typically offer higher salaries compared to health insurance firms, but actuaries with expertise in predictive analytics and data science are emerging as valuable assets across various sectors, including consulting. Maximizing actuary pay in Woonsocket may involve pursuing a progression of exams and credentials; each accomplishment can translate into a substantial salary increase. Networking with local firms and considering specialized training can also position professionals for enhanced opportunities in this unique market.
More salary data for Woonsocket, 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 $126,289 for actuariesin the Woonsocket 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 Woonsocket 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