Occupational Employment and Wage Statistics
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Occupational Employment and Wages, May 2020
15-2011 Actuaries
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National estimates for Actuaries
Industry profile for Actuaries
Geographic profile for Actuaries
National estimates for Actuaries:
Employment estimate and mean wage estimates for Actuaries:
| Employment (1) |
Employment
RSE (3) |
Mean hourly
wage |
Mean annual
wage (2) |
Wage RSE (3) |
| 22,480 |
3.3 % |
$ 59.22 |
$ 123,180 |
1.1 % |
Percentile wage estimates for Actuaries:
| Percentile |
10% |
25% |
50%
(Median) |
75% |
90% |
| Hourly Wage |
$ 31.74 |
$ 40.17 |
$ 53.38 |
$ 72.62 |
$ 94.24 |
| Annual Wage (2) |
$ 66,030 |
$ 83,550 |
$ 111,030 |
$ 151,060 |
$ 196,010 |
Industry profile for Actuaries:
Industries with the highest published employment and wages for Actuaries are provided.
For a list of all industries with employment in Actuaries, see the Create Customized Tables function.
Industries with the highest levels of employment in Actuaries:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Insurance Carriers |
11,440 |
0.95 |
$ 59.88 |
$ 124,550 |
| Agencies, Brokerages, and Other Insurance Related Activities |
4,060 |
0.34 |
$ 62.31 |
$ 129,610 |
| Management, Scientific, and Technical Consulting Services |
2,450 |
0.16 |
$ 58.62 |
$ 121,920 |
| Management of Companies and Enterprises |
1,550 |
0.06 |
$ 53.76 |
$ 111,820 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
690 |
0.07 |
$ 66.88 |
$ 139,100 |
Industries with the highest concentration of employment in Actuaries:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Insurance Carriers |
11,440 |
0.95 |
$ 59.88 |
$ 124,550 |
| Insurance and Employee Benefit Funds |
30 |
0.50 |
$ 64.34 |
$ 133,820 |
| Agencies, Brokerages, and Other Insurance Related Activities |
4,060 |
0.34 |
$ 62.31 |
$ 129,610 |
| Management, Scientific, and Technical Consulting Services |
2,450 |
0.16 |
$ 58.62 |
$ 121,920 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
690 |
0.07 |
$ 66.88 |
$ 139,100 |
Top paying industries for Actuaries:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Business, Professional, Labor, Political, and Similar Organizations |
50 |
0.01 |
$ 83.21 |
$ 173,070 |
| Credit Intermediation and Related Activities (5221 and 5223 only) |
40 |
(7) |
$ 74.16 |
$ 154,250 |
| Computer Systems Design and Related Services |
100 |
(7) |
$ 71.70 |
$ 149,140 |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
690 |
0.07 |
$ 66.88 |
$ 139,100 |
| Federal Executive Branch (OEWS Designation) |
300 |
0.01 |
$ 65.45 |
$ 136,140 |
Geographic profile for Actuaries:
States and areas with the highest published employment, location quotients, and wages for Actuaries are provided.
For a list of all areas with employment in Actuaries, see the Create Customized Tables function.
States with the highest employment level in Actuaries:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York |
2,570 |
0.30 |
1.83 |
$ 74.11 |
$ 154,150 |
| Illinois |
2,200 |
0.39 |
2.42 |
$ 56.39 |
$ 117,290 |
| California |
1,450 |
0.09 |
0.55 |
$ 55.51 |
$ 115,460 |
| Pennsylvania |
1,410 |
0.26 |
1.58 |
$ 59.92 |
$ 124,630 |
| Texas |
1,380 |
0.11 |
0.71 |
$ 57.29 |
$ 119,170 |
States with the highest concentration of jobs and location quotients in Actuaries:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| Connecticut |
1,240 |
0.81 |
4.99 |
$ 71.84 |
$ 149,430 |
| Illinois |
2,200 |
0.39 |
2.42 |
$ 56.39 |
$ 117,290 |
| Nebraska |
300 |
0.32 |
1.96 |
$ 57.89 |
$ 120,410 |
| New Jersey |
1,160 |
0.31 |
1.90 |
$ 59.03 |
$ 122,790 |
| New York |
2,570 |
0.30 |
1.83 |
$ 74.11 |
$ 154,150 |
Top paying states for Actuaries:
Metropolitan areas with the highest employment level in Actuaries:
| Metropolitan area |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York-Newark-Jersey City, NY-NJ-PA |
2,870 |
0.32 |
2.01 |
$ 71.27 |
$ 148,230 |
| Chicago-Naperville-Elgin, IL-IN-WI |
2,010 |
0.46 |
2.85 |
$ 56.47 |
$ 117,470 |
| Hartford-West Hartford-East Hartford, CT |
990 |
1.80 |
11.15 |
(8) |
(8) |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
940 |
0.35 |
2.16 |
$ 62.00 |
$ 128,960 |
| Boston-Cambridge-Nashua, MA-NH |
740 |
0.29 |
1.77 |
$ 63.01 |
$ 131,070 |
| Los Angeles-Long Beach-Anaheim, CA |
730 |
0.13 |
0.78 |
$ 56.53 |
$ 117,580 |
| Dallas-Fort Worth-Arlington, TX |
530 |
0.15 |
0.92 |
$ 60.50 |
$ 125,840 |
| Minneapolis-St. Paul-Bloomington, MN-WI |
520 |
0.28 |
1.74 |
$ 53.61 |
$ 111,510 |
| Detroit-Warren-Dearborn, MI |
510 |
0.29 |
1.78 |
$ 46.57 |
$ 96,860 |
| Columbus, OH |
480 |
0.47 |
2.90 |
$ 50.29 |
$ 104,600 |
Metropolitan areas with the highest concentration of jobs and location quotients in Actuaries:
| Metropolitan area |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| Hartford-West Hartford-East Hartford, CT |
990 |
1.80 |
11.15 |
(8) |
(8) |
| Des Moines-West Des Moines, IA |
290 |
0.81 |
5.03 |
$ 56.32 |
$ 117,140 |
| Lansing-East Lansing, MI |
160 |
0.80 |
4.98 |
$ 37.21 |
$ 77,390 |
| Madison, WI |
220 |
0.58 |
3.60 |
$ 55.64 |
$ 115,730 |
| Albany-Schenectady-Troy, NY |
240 |
0.57 |
3.52 |
$ 62.68 |
$ 130,370 |
| Omaha-Council Bluffs, NE-IA |
240 |
0.51 |
3.16 |
$ 57.97 |
$ 120,570 |
| Bridgeport-Stamford-Norwalk, CT |
180 |
0.48 |
2.98 |
(8) |
(8) |
| Greensboro-High Point, NC |
170 |
0.48 |
2.96 |
$ 56.44 |
$ 117,390 |
| Columbus, OH |
480 |
0.47 |
2.90 |
$ 50.29 |
$ 104,600 |
| Richmond, VA |
290 |
0.46 |
2.87 |
(8) |
(8) |
Top paying metropolitan areas for Actuaries:
| Metropolitan area |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| Charlotte-Concord-Gastonia, NC-SC |
440 |
0.36 |
2.25 |
$ 75.44 |
$ 156,910 |
| New York-Newark-Jersey City, NY-NJ-PA |
2,870 |
0.32 |
2.01 |
$ 71.27 |
$ 148,230 |
| San Antonio-New Braunfels, TX |
(8) |
(8) |
(8) |
$ 68.54 |
$ 142,550 |
| Milwaukee-Waukesha-West Allis, WI |
130 |
0.16 |
0.98 |
$ 64.86 |
$ 134,900 |
| Tampa-St. Petersburg-Clearwater, FL |
160 |
0.13 |
0.77 |
$ 64.75 |
$ 134,670 |
| Seattle-Tacoma-Bellevue, WA |
360 |
0.18 |
1.13 |
$ 63.25 |
$ 131,570 |
| Boston-Cambridge-Nashua, MA-NH |
740 |
0.29 |
1.77 |
$ 63.01 |
$ 131,070 |
| Albany-Schenectady-Troy, NY |
240 |
0.57 |
3.52 |
$ 62.68 |
$ 130,370 |
| St. Louis, MO-IL |
200 |
0.16 |
0.97 |
$ 62.18 |
$ 129,340 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD |
940 |
0.35 |
2.16 |
$ 62.00 |
$ 128,960 |
Nonmetropolitan areas with the highest employment in Actuaries:
Nonmetropolitan areas with the highest concentration of jobs and location quotients in Actuaries:
Top paying nonmetropolitan areas for Actuaries:
About May 2020 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates
These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia.
The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.
The percentile wage estimate is the value of a wage below which a certain percent of workers fall.
The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median.
More about percentile wages.
(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.
(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours;
for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.
(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.
(7) The value is less than .005 percent of industry employment.
(8) Estimate not released.
(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration.
A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.
Other OEWS estimates and related information:
May 2020 National Occupational Employment and Wage Estimates
May 2020 State Occupational Employment and Wage Estimates
May 2020 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
May 2020 National Industry-Specific Occupational Employment and Wage Estimates
May 2020 Occupation Profiles
Technical Notes
Last Modified Date: March 31, 2021
United States Department of Labor
