There are currently an estimated 30,000 actuaries in the United States. The actuary job market is expected to grow by 23.0% between 2022 and 2032.
How employable are actuaries?
CareerExplorer rates actuaries with a C employability rating, meaning this career should provide moderate employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will need 10,000 actuaries. That number is based on 6,900 additional actuaries, and the retirement of 3,100 existing actuaries.
What’s the supply of actuaries?
The actuary industry is concentrated in New York, Pennsylvania, Illinois
Actuary job market by state
| State Name | Employed Actuaries |
|---|---|
| New York | 2,580 |
| Pennsylvania | 1,450 |
| Illinois | 1,320 |
| California | 1,200 |
| Ohio | 1,190 |
| Massachusetts | 1,140 |
| Texas | 1,080 |
| Connecticut | 790 |
| Wisconsin | 650 |
| New Jersey | 640 |
| Iowa | 640 |
| Florida | 560 |
| Michigan | 550 |
| Maryland | 460 |
| Missouri | 430 |
| Kansas | 400 |
| Nebraska | 390 |
| North Carolina | 340 |
| Washington | 330 |
| Minnesota | 330 |
| Georgia | 210 |
| Virginia | 210 |
| Oregon | 210 |
| Indiana | 200 |
| District of Columbia | 170 |
| Kentucky | 160 |
| Arizona | 160 |
| Utah | 150 |
| Colorado | 140 |
| Rhode Island | 130 |
| Maine | 110 |
| Vermont | 90 |
| Alabama | 80 |
| New Hampshire | 80 |
| Mississippi | 60 |
| Arkansas | 40 |
| Delaware | 30 |
| Puerto Rico | 30 |