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Actuarial technician salary
Average actuarial technician salary
$79,409
Understanding the Actuarial Technician Salary
The average salary for an Actuarial Technician stands at $79,409 annually, translating to approximately $38 per hour. Salaries can vary significantly based on experience, geographic location, and the specific industry. Entry-level technicians may start with salaries around $50,000, while those with more experience can earn over $100,000 in high-demand areas.
Salary by State
States such as California, New York, and Illinois offer some of the highest salaries for actuarial technicians. For example, technicians in California can earn an average of $85,000, reflecting the state's cost of living and demand for actuarial services.
Factors Influencing Salary
Several factors influence the salary of an actuarial technician, including:
- Years of experience
- Industry specialization
- Geographic location
- Company size and reputation
Understanding these elements can help prospective technicians negotiate better salaries and choose career paths that align with their financial goals.
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Where can an Actuarial Technician earn more?
Actuarial technician salaries by experience level
| Experience level | Avg. salary | Hourly rate |
|---|---|---|
| Entry-level actuarial technician | $61,800 | $29.70 |
| Mid-level actuarial technician | $76,700 | $36.87 |
| Senior-level actuarial technician | $105,000 | $50.65 |
Actuarial technician salary estimates from across the web
Average actuarial technician salary by state
The highest-paying states for actuarial technicians are New York, Alaska, and Massachusetts. The lowest average actuarial technician salary states are Louisiana, Wyoming, and South Carolina.
- State view
- County view
Highest paying states for actuarial technicians
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Maine | $98,596 | $47.40 |
| 2 | New York | $111,720 | $53.71 |
| 3 | Delaware | $99,138 | $47.66 |
| 4 | Missouri | $97,740 | $46.99 |
| 5 | Connecticut | $96,473 | $46.38 |
| 6 | Wisconsin | $94,268 | $45.32 |
| 7 | Vermont | $94,273 | $45.32 |
| 8 | Alaska | $100,432 | $48.28 |
| 9 | Massachusetts | $99,639 | $47.90 |
| 10 | West Virginia | $86,345 | $41.51 |
| 11 | Rhode Island | $93,638 | $45.02 |
| 12 | New Hampshire | $94,492 | $45.43 |
| 13 | North Carolina | $89,566 | $43.06 |
| 14 | Virginia | $94,597 | $45.48 |
| 15 | Kentucky | $87,430 | $42.03 |
| 16 | Maryland | $96,095 | $46.20 |
| 17 | Nevada | $93,579 | $44.99 |
| 18 | Georgia | $85,311 | $41.01 |
| 19 | Alabama | $82,967 | $39.89 |
| 20 | Illinois | $84,680 | $40.71 |
| 21 | New Jersey | $88,037 | $42.33 |
| 22 | Iowa | $82,304 | $39.57 |
| 23 | Idaho | $88,290 | $42.45 |
| 24 | Florida | $82,908 | $39.86 |
| 25 | Washington | $90,993 | $43.75 |
| 26 | California | $96,138 | $46.22 |
| 27 | Mississippi | $81,724 | $39.29 |
| 28 | New Mexico | $84,704 | $40.72 |
| 29 | District of Columbia | $91,091 | $43.79 |
| 30 | Michigan | $77,393 | $37.21 |
| 31 | Texas | $83,006 | $39.91 |
| 32 | Colorado | $76,470 | $36.76 |
| 33 | Utah | $82,267 | $39.55 |
| 34 | Pennsylvania | $78,454 | $37.72 |
| 35 | North Dakota | $82,276 | $39.56 |
| 36 | Oregon | $81,209 | $39.04 |
| 37 | Arizona | $75,003 | $36.06 |
| 38 | Indiana | $75,393 | $36.25 |
| 39 | Ohio | $76,370 | $36.72 |
| 40 | Arkansas | $66,019 | $31.74 |
| 41 | Minnesota | $68,398 | $32.88 |
| 42 | Tennessee | $68,429 | $32.90 |
| 43 | Kansas | $72,352 | $34.78 |
| 44 | Nebraska | $70,706 | $33.99 |
| 45 | Oklahoma | $66,121 | $31.79 |
| 46 | Wyoming | $59,763 | $28.73 |
| 47 | South Carolina | $58,377 | $28.07 |
| 48 | Louisiana | $60,167 | $28.93 |
| 49 | Hawaii | $53,561 | $25.75 |
| 50 | South Dakota | $56,622 | $27.22 |
| 51 | Montana | $57,153 | $27.48 |
Highest paying cities for actuarial technicians
The highest-paying cities for actuarial technicians are Hartford, CT, Sun Prairie, WI, and Charlotte, NC.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Hartford, CT | $96,359 | $46.33 |
| 2 | Sun Prairie, WI | $93,093 | $44.76 |
| 3 | Charlotte, NC | $87,665 | $42.15 |
| 4 | Chicago, IL | $85,092 | $40.91 |
| 5 | Cedar Rapids, IA | $82,915 | $39.86 |
| 6 | Horsham, PA | $78,961 | $37.96 |
| 7 | Detroit, MI | $77,925 | $37.46 |
| 8 | Columbus, OH | $75,342 | $36.22 |
Actuarial technician salary details
An actuarial technician's salary ranges from $44,000 a year at the 10th percentile to $141,000 at the 90th percentile.
What is an actuarial technician's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $141,000 | $11,750 | $68 |
| 75th Percentile | $107,000 | $8,917 | $51 |
| Average | $79,409 | $6,617 | $38 |
| 25th Percentile | $58,000 | $4,833 | $28 |
| 10th Percentile | $44,000 | $3,667 | $21 |
Highest paying actuarial technician jobs
The highest paying types of actuarial technicians are product development actuary, health actuary, and actuarial associate.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Pricing Actuary | $65,091 | $5,424 | $31.29 | 15,444 |
| Health Actuary | $99,496 | $8,291 | $47.83 | 48,396 |
| Actuary | $88,255 | $7,355 | $42.43 | 13,566 |
| Actuarial Analyst | $75,593 | $6,299 | $36.34 | 41,511 |
| Actuarial Internship | $90,428 | $7,536 | $43.48 | 49,146 |
| Actuarial Consultant | $91,160 | $7,597 | $43.83 | 17,305 |
Top companies hiring actuarial technicians now:
Which companies pay actuarial technicians the most?
Actuarial technician salaries at Transamerica Corporation and Penn Mutual are the highest-paying according to our most recent salary estimates. In addition, the average actuarial technician salary at companies like HCSC and Blue Cross Blue Shield of Michigan are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Transamerica Corporation | $101,381 | $48.74 |
| 2 | Penn Mutual | $100,469 | $48.30 |
| 3 | HCSC | $98,943 | $47.57 |
| 4 | Blue Cross Blue Shield of Michigan | $97,972 | $47.10 |
| 5 | State Auto Insurance | $97,426 | $46.84 |
| 6 | SCOR Global Life USA Holdings, Inc. | $95,873 | $46.09 |
Wage gap by gender, race and education
Actuarial technician salary trends
The average actuarial technician salary has risen by $14,282 over the last ten years. In 2014, the average actuarial technician earned $65,127 annually, but today, they earn $79,409 a year. That works out to a 10% change in pay for actuarial technicians over the last decade.
Compare actuarial technician salaries for cities or states with the national average over time.
Average actuarial technician salary over time
Compare actuarial technician salaries for individual cities or states with the national average.
Actuarial technician salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $79,400 | $38.18 | +2.4% |
| 2024 | $77,500 | $37.26 | +5.0% |
| 2023 | $73,600 | $35.38 | +1.3% |
| 2022 | $72,600 | $34.92 | +0.9% |
| 2021 | $72,000 | $34.59 | +3.5% |
Recently added actuarial technician salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Automobile Club of Southern California | Senior Actuarial Technician | Costa Mesa, CA | 09/01/2024 | $76,400 |
| Automobile Club of Southern California | Senior Actuarial Technician | Costa Mesa, CA | 07/29/2024 | $76,400 |
| Automobile Club of Southern California | Senior Actuarial Technician | Costa Mesa, CA | 07/29/2024 | $76,400 |
| DW Simpson | Associate Actuary Life Technology Solutions-Hybrid | Chicago, IL | 03/28/2024 | $130,000 |
| DW Simpson | Actuarial Technician, ALM-Remote | Des Moines, IA | 03/28/2024 | $65,000 |
| Transamerica | Senior Actuarial Tech I | Cedar Rapids, IA | 11/23/2023 | $67,500 |
| Transamerica | Senior Actuarial Tech I | Cedar Rapids, IA | 11/23/2023 | $67,500 |
| Aegon Asset Management | Senior Actuarial Tech I | Cedar Rapids, IA | 11/15/2023 | $67,500 |
| Aegon Asset Management | Senior Actuarial Tech I | Cedar Rapids, IA | 11/15/2023 | $67,500 |
| Encova | Actuarial Technician, Reserving-Hybrid | Ohio, IL | 10/11/2023 | $53,787 |
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