Entry-Level Actuary Salary in Hempstead, NY: $90,724 (2026)
Quick Answer:New actuaries entering the Hempstead, NY job market in 2026 can expect a starting salary around $90,724 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Hempstead's local price level (BEA RPP 115.9 — 16% above national), a first-year paycheck buys what $78,278 would in average-cost America. Most reach the city median ($150,125) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, new graduates entering the actuarial field in Hempstead, NY can expect starting salaries around $90,724, which is significantly lower than the median annual salary of $150,125 for all actuaries in the area. This gap reflects the typical progression many new professionals experience, as they advance from entry-level positions to more experienced roles, fulfilling the growth trajectory from $90,724 to approximately $112,132 after a few years. While this starting pay is lower than the national median entry-level actuary salary of $134,160, the city's robust market offers promising opportunities for fresh graduates. With a projected annual growth rate of 3.20%, those starting as entry-level actuaries will find steady growth within the industry, making Hempstead a viable market for aspiring actuaries at the outset of their careers.
About the Hempstead Market
Salary estimated from New York average ($152,000) adjusted for local cost of living.
Career Earnings Timeline in Hempstead
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Hempstead
Entry-level actuarys in Hempstead, NY typically start between $90,724 and $112,132 per year (2026 est.). The full salary range spans $141,970 from the 10th to 90th percentile, with the local median at $150,125 — 11.9% above the national median.
Return on Investment
The average actuarial science program cost in New York of $88,000 represents just 97.00% of the starting actuary pay ($90,724/year) in Hempstead. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates cover bachelor's degree tuition at public and private universities, plus estimated actuarial exam fees and study materials. Employers often cover exam costs once employed.
ASA, FSA Salary Negotiation Tips for New Graduates in Hempstead
- 1Research the Hempstead market: entry-level actuary pay ranges from $90,724 to $112,132, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the actuarial science field — employers in NY often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Hempstead, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Hempstead for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Factor in Hempstead's above-average cost of living (index: 115.9) when evaluating offers — a slightly lower salary in a nearby affordable area may provide better purchasing power.
Actuary Compensation Range
The actuary wage spread in Hempstead is $141,970 ( 156.49%) between entry-level and top earners. Starting at $90,724, experienced hygienists can earn up to $232,694.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$72,571
2025 BLS Actual
$87,911
2026 Current Est.
$90,724
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Hempstead (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $72,571 | Actual |
| 2020 | $73,880 | Actual |
| 2021 | $70,781 | Actual |
| 2022 | $80,291 | Actual |
| 2023 | $84,342 | Actual |
| 2024 | $101,742 | Actual |
| 2025 | $87,911 | Actual |
| 2026(current) | $90,724 | Estimated |
| 2027 | $93,627 | Projected |
Entry-level actuary compensation (10th percentile) in Hempstead, NY grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $72,571 in 2019 to $87,911 in 2025. By 2027, starting salaries are projected to reach $93,627. New graduates entering the Hempstead job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hempstead metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Starting Your actuarial science Career in Hempstead
Several organizations in Hempstead actively seek to hire new actuaries, providing ample opportunities for recent grads. Large life insurers such as Prudential and MetLife often visit colleges to recruit actuarial students, extending structured support for exam preparation during the early stages of their careers. Health insurance companies also add to the hiring pool, while consulting firms like Milliman, Mercer, Aon, and WTW offer competitive starting salaries for those with Associate of the Society of Actuaries (ASA) credentials. Candidates who hold a related Bachelor's degree in mathematics, statistics, or actuarial science, and successfully pass the requisite actuarial exams, can see their starting actuary salary in NY increase. The first few years are crucial for salary growth; each passed exam traditionally adds between $3,000 to $8,000 to a candidate's base salary. With the increasing demand for predictive analytics and data science skills, new grads who engage in continuous learning and earn additional credentials, such as moving from ASA to Fellow status, will likely find more lucrative and diverse career paths in this expanding market.
More salary data for Hempstead, NY:
Frequently Asked Questions
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Entry-level salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The 10th percentile (entry-level) is used as the starting salary benchmark for new actuarial science graduates. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Hempstead. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Hempstead is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov