Entry-Level Actuary Salary in Newark, OH: $73,833 (2026)
Quick Answer:New actuaries entering the Newark, OH job market in 2026 can expect a starting salary around $73,833 (BLS 10th-percentile benchmark for SOC 15-2011, projected from 2025 OEWS data). Stripping out Newark's local price level (BEA RPP 90.7 — 9% below national), a first-year paycheck buys what $81,404 would in average-cost America. Most reach the city median ($115,837) within a few years of clinical practice.
Based on BLS state-level estimates · View source
For aspiring actuaries in Newark, OH, the entry-level actuary salary in 2026 is expected to start around $73,833. This figure represents a significant entry point given that the overall median salary for actuaries in the area is projected at $115,837. New graduates can anticipate a steady growth trajectory in their careers; this starting salary lays the foundation for potential earnings that could rise to $88,718 within a few years, ultimately aligning closer to the median as they gain experience and credentials. The Newark market offers promising opportunities for recent graduates looking to establish their careers in this field, with a relatively affordable cost of living index of 90.7 compared to the national average.
About the Newark Market
Salary estimated from Ohio average ($120,000) adjusted for local cost of living.
Career Earnings Timeline in Newark
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 Newark
Entry-level actuarys in Newark, OH typically start between $73,833 and $88,718 per year (2026 est.). The full salary range spans $105,714 from the 10th to 90th percentile, with the local median at $115,837 — 13.66% below the national median.
Return on Investment
The average actuarial science program cost in Ohio of $50,000 represents just 67.72% of the starting actuary pay ($73,833/year) in Newark. 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 Newark
- 1Research the Newark market: entry-level actuary pay ranges from $73,833 to $88,718, 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 OH often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Newark, 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 Newark for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Newark's below-average cost of living means your starting salary goes further here compared to many larger metro areas.
Actuary Compensation Range
The actuary wage spread in Newark is $105,714 ( 143.18%) between entry-level and top earners. Starting at $73,833, experienced hygienists can earn up to $179,547.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$59,060
2025 BLS Actual
$71,544
2026 Current Est.
$73,833
2019–2027 Growth
+29.0%
Salary Trajectory for Actuaries in Newark (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $59,060 | Actual |
| 2020 | $60,125 | Actual |
| 2021 | $57,603 | Actual |
| 2022 | $65,343 | Actual |
| 2023 | $68,639 | Actual |
| 2024 | $65,384 | Actual |
| 2025 | $71,544 | Actual |
| 2026(current) | $73,833 | Estimated |
| 2027 | $76,196 | Projected |
Entry-level actuary compensation (10th percentile) in Newark, OH grew 21.1% over 7 years based on actual BLS metropolitan area surveys, rising from $59,060 in 2019 to $71,544 in 2025. By 2027, starting salaries are projected to reach $76,196. New graduates entering the Newark job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Newark 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 Newark
Job seekers should know that several prominent employers in Newark, including major life insurers like Prudential and MetLife, actively recruit recent graduates for actuarial roles. These companies often have established campus recruitment channels that provide structured support for exam preparation, which is essential in this field. For those aiming to enhance their starting actuary salary in Newark, pursuing the ASA designation and securing VEE credits in economics, accounting, and mathematical statistics can be beneficial. Additionally, new grads can expect their earning potential to grow significantly with each exam passed; achieving an ASA can typically lead to a $3,000 to $8,000 increase in base salary. In the first few years, early-career actuaries should focus on gaining experience while strategizing their exam schedules, as firms, particularly consulting companies like Milliman and Mercer, often pay a premium for those who obtain FSA or FCAS credentials. This focused approach can lead to realistic salary advancement in a competitive yet rewarding market in Newark, OH.
More salary data for Newark, OH:
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 Newark. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Newark 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