How to Become a Actuaries in Colorado
Actuaries in Colorado earn a median salary of $120,440/year, which is 7% below the national average. Colorado has a state income tax of ~4.4%. After taxes and rent, a actuaries takes home approximately $6,128/month. Most positions require Bachelor's degree.
What a actuaries can afford in Colorado
Becoming a actuaries in Colorado
Meet education requirements
Actuaries positions in Colorado typically require Bachelor's degree. Programs are available at colleges and training institutions across Colorado. Research accredited programs in your area.
Gain required experience
Many actuaries positions in Colorado require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Colorado licensure or certification
Colorado may require specific licensing or professional certification for actuariess. Requirements vary by state, contact the Colorado Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Colorado
Colorado employs 500 actuaries. The highest concentrations are in Denver-Aurora-Centennial and Colorado Springs.
Actuaries salary by metro area in Colorado
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Denver-Aurora-Centennial | $120K | $57.91/hr | 400 |
| Colorado Springs | $114K | $54.69/hr | 50 |
Actuaries salary range in Colorado
Actuaries careers in other states
Frequently asked questions
How much does a actuaries make in Colorado?▼
The median actuaries salary in Colorado is $120,440 per year ($57.91/hr). This is 7% below the national median of $130,000. Salaries range from $78,610 to $183,540.
What are the requirements to become a actuaries in Colorado?▼
Actuaries positions in Colorado typically require Bachelor's degree. Colorado may have specific licensing or certification requirements. Check with the Colorado licensing board or department of labor for current requirements.
Can a actuaries afford to live in Colorado?▼
At the median salary of $120,440, a actuaries in Colorado would take home approximately $7,315/month after taxes. With median 2-bedroom rent at $1,187/month, that's 16.2% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for actuaries in Colorado?▼
The highest paying metro areas for actuaries in Colorado are Denver-Aurora-Centennial ($120,440), Colorado Springs ($113,760). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Colorado have state income tax for actuaries?▼
Yes, Colorado has a state income tax rate of approximately 4.4%. On a $120,440 salary, this means roughly $5,299/year in state income tax. Use our take-home pay calculator for a detailed breakdown.