How to Become a Actuaries in Maryland
Actuaries in Maryland earn a median salary of $132,740/year, which is 6% above the national average. Maryland has a state income tax of ~4.7%. After taxes and rent, a actuaries takes home approximately $6,526/month. Most positions require Bachelor's degree.
What a actuaries can afford in Maryland
Becoming a actuaries in Maryland
Meet education requirements
Actuaries positions in Maryland typically require Bachelor's degree. Programs are available at colleges and training institutions across Maryland. Research accredited programs in your area.
Gain required experience
Many actuaries positions in Maryland require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Maryland licensure or certification
Maryland may require specific licensing or professional certification for actuariess. Requirements vary by state — contact the Maryland Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Maryland
Maryland employs 610 actuaries. The highest concentrations are in Baltimore-Columbia-Towson.
Actuaries salary by metro area in Maryland
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Baltimore-Columbia-Towson | $129K | $62.19/hr | 320 |
Actuaries salary range in Maryland
Actuaries careers in other states
Frequently asked questions
How much does a actuaries make in Maryland?▼
The median actuaries salary in Maryland is $132,740 per year ($63.82/hr). This is 6% above the national median of $125,770. Salaries range from $78,800 to $191,880.
What are the requirements to become a actuaries in Maryland?▼
Actuaries positions in Maryland typically require Bachelor's degree. Maryland may have specific licensing or certification requirements. Check with the Maryland licensing board or department of labor for current requirements.
Can a actuaries afford to live in Maryland?▼
At the median salary of $132,740, a actuaries in Maryland would take home approximately $7,938/month after taxes. With median 2-bedroom rent at $1,412/month, that's 17.8% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for actuaries in Maryland?▼
The highest paying metro areas for actuaries in Maryland are Baltimore-Columbia-Towson ($129,360). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Maryland have state income tax for actuaries?▼
Yes, Maryland has a state income tax rate of approximately 4.7%. On a $132,740 salary, this means roughly $6,220/year in state income tax. Use our take-home pay calculator for a detailed breakdown.