Actuary Salary in Bar Harbor, ME
How much does a actuary make in Bar Harbor? Explore median, entry-level, and senior salaries adjusted for Bar Harbor's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in Bar Harbor.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $51,709 | $86,181 | $116,344 |
| Monthly | $4,309 | $7,182 | $9,695 |
| Biweekly | $1,989 | $3,315 | $4,475 |
| Weekly | $994 | $1,657 | $2,237 |
| Hourly | $25 | $41 | $56 |
Bar Harbor vs National Average
How Bar Harbor's actuary salaries compare to national figures.
Cost of Living in Bar Harbor
About Actuary
Overview
Analyze insurance and financial risks using statistical and mathematical methods.
Education
Bachelor's degree in Actuarial Science, Mathematics, or related field
Key Skills
Growth Rate
Expected job growth: +18% over the next decade
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Actuary Salary in Bar Harbor, ME — Complete Guide
Median Salary Overview
The median salary for a actuary in Bar Harbor, ME is $86,181 per year, adjusted for the local cost of living index of 112. This figure reflects typical earnings for experienced professionals in this role, considering Bar Harbor's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in Bar Harbor can expect to earn around $51,709 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $116,344 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
Bar Harbor's cost of living index of 112 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Bar Harbor are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $87,440, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a actuary's salary in Bar Harbor typically goes toward housing. With a 1-bedroom apartment averaging $1,300 per month, housing represents about 18.1% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Actuarys are in growing demand across the United States, with an expected job growth of 18% over the next decade. In Bar Harbor, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.