Actuary Salary in Newark, DE: $127,861 (2026)
Quick Answer:A full-time actuary in Newark, DE earns a median $127,861/year (≈ $61.48/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Newark's price level (2% above national, BEA RPP 101.7), that paycheck buys what $125,724 would nationally. Nominal pay sits 0.6% below the Delaware state average.
Based on BLS state-level estimates · View source
In Newark, Delaware, the actuarial profession offers competitive compensation, with a median annual salary projected at $127,861 for 2026. This figure is about 4.70% below the national median of $134,160. Salaries in this field can vary significantly, ranging from $79,997 for early-career actuaries at the P10 level up to $198,184 for those at the top tier of the profession (P90). These estimates are derived from state-level BLS data, adjusted for regional cost factors. With a small but focused workforce of five actuaries employed locally, Newark's market has room for advancement as professionals progress through their exams and gain further credentials.
About the Newark Market
Salary estimated from Delaware average ($130,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $79,997 | $38.46 |
| Lower Range (P25) | $96,818 | $46.54 |
| Median (P50)(typical) | $127,861 | $61.48 |
| Upper Range (P75) | $163,662 | $78.68 |
| Top Earners (P90) | $198,184 | $95.28 |
Median Salary Position
4.7% below the national average
2026 Salary Percentile Distribution in Newark
In Newark, DE, the actuary salary spread from the 10th to 90th percentile is $118,187 (2026 est.). At $127,861, the local median is 4.7% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Newark: You'd be in the lower-middle range
How Newark Actuary Pay Compares
Newark median: $127,861/year (2026)
| Compared To | Median Salary | Newark Pays |
|---|---|---|
| Delaware Average | $128,632 | -0.60% less |
| National Average | $134,160 | -4.70% less |
Actuarys in Newark, DE earn a median of $127,861 per year (2026 est.), which is 4.70% lower than the national median of $134,160 and 0.60% below the Delaware state average of $128,632.
Cost-of-Living Adjusted Salary
Newark has a cost of living 1.70% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Newark, DE has a cost-of-living index of 101.7 (above the national average of 100). While the nominal salary of $127,861 is competitive, the higher cost of living reduces purchasing power to an effective $125,724 — a 1.67% reduction.
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2019 BLS Actual
$103,263
2025 BLS Actual
$123,896
2026 Current Est.
$127,861
2019–2027 Growth
+27.8%
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 | $103,263 | Actual |
| 2020 | $105,817 | Actual |
| 2021 | $100,928 | Actual |
| 2022 | $108,638 | Actual |
| 2023 | $114,366 | Actual |
| 2024 | $131,357 | Actual |
| 2025 | $123,896 | Actual |
| 2026(current) | $127,861 | Estimated |
| 2027 | $131,952 | Projected |
Based on 7 years of BLS OEWS data for the Newark metropolitan area, the median actuary salary grew 20.0% from $103,263 (2019) to $123,896 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $131,952 by 2027 — a total increase of $28,689 (27.78%) from 2019.
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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $79,997 – $96,818 |
| 3-5 years (Mid Career) | $96,818 – $127,861 |
| 5+ years (Experienced) | $127,861 – $163,662 |
| 10+ years (Top Earner) | $163,662 – $198,184 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Newark
The cost of living in Newark carries an index of 101.7, indicating prices are slightly above the national average. This factor can influence the actual purchasing power of actuary salaries, making it crucial for professionals to consider employer options that offer the most competitive pay. Life and health insurance companies, such as Prudential and UnitedHealth, typically provide higher compensation than others. The salary spread highlights the impact of credential attainment and specialization; actuaries who achieve the Fellow designation can see significant pay increases, often supplemented by benefits tied to passing exams. To maximize their earnings in Newark DE, aspiring actuaries should focus on completing exams efficiently, seek positions in consulting firms, and consider fields such as property and casualty or reinsurance that command higher market rates.
More salary data for Newark, DE:
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
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 BLS reported a median annual salary of $123,896 for actuariesin the Newark metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
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