Actuary Salary in Charlottesville, VA: $132,704 (2026)
Quick Answer:A full-time actuary in Charlottesville, VA earns a median $132,704/year (≈ $63.80/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Charlottesville's price level (3% above national, BEA RPP 103.2), that paycheck buys what $128,589 would nationally. Nominal pay sits 4.2% below the Virginia state average.
Based on BLS state-level estimates · View source
In Charlottesville, Virginia, actuaries can expect a median annual salary of $132,704, which is slightly below the national median of $134,160 for 2026. The local salary range is quite broad, stretching from $86,055 at the 10th percentile to $205,691 at the 90th percentile. These figures reflect estimates based on 2025 BLS data adjusted for regional price parities. As the local job market continues to grow, the prospects and compensation for actuaries seem favorable, particularly for those advancing in their careers through exam progressions and specialized credentials.
About the Charlottesville Market
Salary estimated from Virginia average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $86,055 | $41.37 |
| Lower Range (P25) | $102,723 | $49.38 |
| Median (P50)(typical) | $132,704 | $63.80 |
| Upper Range (P75) | $169,861 | $81.66 |
| Top Earners (P90) | $205,691 | $98.89 |
Median Salary Position
1.09% below the national average
2026 Salary Percentile Distribution in Charlottesville
In Charlottesville, VA, the actuary salary spread from the 10th to 90th percentile is $119,636 (2026 est.). At $132,704, the local median is 1.09% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Charlottesville: You'd be in the lower-middle range
How Charlottesville Actuary Pay Compares
Charlottesville median: $132,704/year (2026)
| Compared To | Median Salary | Charlottesville Pays |
|---|---|---|
| Virginia Average | $138,522 | -4.20% less |
| National Average | $134,160 | -1.09% less |
Actuarys in Charlottesville, VA earn a median of $132,704 per year (2026 est.), which is 1.09% lower than the national median of $134,160 and 4.20% below the Virginia state average of $138,522.
Cost-of-Living Adjusted Salary
Charlottesville has a cost of living 3.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Charlottesville, VA has a cost-of-living index of 103.2 (above the national average of 100). While the nominal salary of $132,704 is competitive, the higher cost of living reduces purchasing power to an effective $128,589 — a 3.1% reduction.
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2019 BLS Actual
$107,174
2025 BLS Actual
$128,589
2026 Current Est.
$132,704
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Charlottesville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $107,174 | Actual |
| 2020 | $109,825 | Actual |
| 2021 | $104,751 | Actual |
| 2022 | $112,753 | Actual |
| 2023 | $118,698 | Actual |
| 2024 | $126,611 | Actual |
| 2025 | $128,589 | Actual |
| 2026(current) | $132,704 | Estimated |
| 2027 | $136,950 | Projected |
Based on 7 years of BLS OEWS data for the Charlottesville metropolitan area, the median actuary salary grew 20.0% from $107,174 (2019) to $128,589 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $136,950 by 2027 — a total increase of $29,776 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Charlottesville 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) | $86,055 – $102,723 |
| 3-5 years (Mid Career) | $102,723 – $132,704 |
| 5+ years (Experienced) | $132,704 – $169,861 |
| 10+ years (Top Earner) | $169,861 – $205,691 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Charlottesville
Despite having only 10 actuaries employed in the area, Charlottesville offers competitive opportunities, especially with a cost-of-living index slightly above the national average at 103.2. This higher cost of living means that take-home salaries may not stretch as far as in lower-cost areas, which is a critical consideration for those evaluating actuary pay in Charlottesville, VA. Employers within the city, particularly major players in life and health insurance like UnitedHealth and Prudential, often provide better compensation packages for credentialed actuaries. High salaries are typically linked to the progression from ASA to FSA for consulting roles, where firms like Mercer and Aon pay a premium for advanced credentials. To maximize earnings, actuaries in this market should focus on obtaining additional exams, specialized skills in predictive analytics, and seeking opportunities with consulting firms that reward advanced qualifications.
More salary data for Charlottesville, VA:
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 $128,589 for actuariesin the Charlottesville 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 Charlottesville 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