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Actuaries in Maryland

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Actuaries in Maryland

Get the information you need to know about working as an Actuary.

5.6% Jobs Projection
$92,820 Median Salary
40 Job Openings

You’re in luck! Jobs for Actuaries in Maryland are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Actuaries in Maryland is growing faster than average.

  • Actuaries in Maryland earn higher salaries than the typical U.S. wage earner.

How Many Actuaries Work in Maryland?

470 people worked as Actuaries in 2018 in this state.

There were 460 Actuaries employed in this state in 2017.

That’s growth of 10 jobs between 2017 and 2018.

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The typical state has 330 Actuaries working in it, which means Maryland has more Actuaries than average.

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Job Projections for Maryland

Jobs for Actuaries in this state are growing at a rate of 5.6% which is slower than the nationwide estimated projection of 22.5%.

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Maryland Annual Job Openings

The BLS estimates 40 annual job openings, and a total of 570 jobs for Maryland Actuaries in 2026.

Nationwide, the prediction is 2,100 annual jobs and 28,900 total jobs in 2026.

What do Actuaries Make in Maryland?

In 2018 wages for Actuaries ranged from $49,470 to $156,340 with $92,820 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $23.78 to $75.17. The median hourly rate was $44.63.

The median salary in Maryland is higher than the nationwide median salary.

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Top Maryland Metros for Actuaries

The table below shows some of the metros in this state with the most Actuaries.

Metro Number Employed Annual Median Salary
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1,070 $106,980
Washington-Arlington-Alexandria, DC-VA-MD-WV 390 $104,010
Baltimore-Columbia-Towson, MD 280 $112,310

Top States for Actuaries Employment

View the list below to see where most Actuaries work.

State Number Employed Annual Median Salary
New York 2,320 $131,510
Illinois 1,950 $98,810
Pennsylvania 1,610 $103,870
Ohio 1,560 $94,000
California 1,410 $114,290
Massachusetts 1,260 $100,970
Texas 1,000 $93,670
Connecticut 980 $115,130
Wisconsin 690 $97,180
Florida 600 $100,450
New Jersey 540 $101,280
Iowa 530 $98,180
Minnesota 520 $101,190
Maryland 470 $92,820
Nebraska 390 $87,890
Missouri 380 $84,500
Washington 360 $124,610
Kansas 330 $101,120
North Carolina 230 $110,510
Indiana 210 $93,010

Below are the states where Actuaries get paid the most:

State Annual Median Salary
New York $131,510
District of Columbia $126,060
Washington $124,610
New Hampshire $116,790
Connecticut $115,130
Colorado $114,660
California $114,290
North Carolina $110,510
Mississippi $109,140
Maine $107,180

References

More about our data sources and methodologies.

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