Actuary Salary in Fitchburg, MA: $143,564 (2026)
Quick Answer:A full-time actuary in Fitchburg, MA earns a median $143,564/year (≈ $69.02/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Fitchburg's price level (9% above national, BEA RPP 108.5), that paycheck buys what $132,317 would nationally. Nominal pay sits 1.4% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In Fitchburg, Massachusetts, the projected median annual salary for actuaries in 2026 is $143,564, reflecting a robust 7.01% increase compared to the national median of $134,160. Salaries in this local market span from a lower percentile of $88,040 to an upper percentile of $222,524, indicating diverse opportunities for professional advancement. These estimates are derived from 2025 BLS data, adjusted for regional price parities, making them particularly relevant for those exploring the local job market. The modeling choices between the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) significantly influence these figures, with local opportunities likely leaning toward either life/health or property/casualty specializations, both of which are crucial in evaluating potential payoffs for actuaries.
About the Fitchburg Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $88,040 | $42.32 |
| Lower Range (P25) | $107,393 | $51.63 |
| Median (P50)(typical) | $143,564 | $69.02 |
| Upper Range (P75) | $183,761 | $88.35 |
| Top Earners (P90) | $222,524 | $106.99 |
Median Salary Position
7.01% above the national average
2026 Salary Percentile Distribution in Fitchburg
In Fitchburg, MA, the actuary salary spread from the 10th to 90th percentile is $134,484 (2026 est.). At $143,564, the local median is 7.01% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Fitchburg: You'd be in the lower-middle range
How Fitchburg Actuary Pay Compares
Fitchburg median: $143,564/year (2026)
| Compared To | Median Salary | Fitchburg Pays |
|---|---|---|
| Massachusetts Average | $145,602 | -1.40% less |
| National Average | $134,160 | +7.01% more |
Actuarys in Fitchburg, MA earn a median of $143,564 per year (2026 est.), which is 7.01% higher than the national median of $134,160 and 1.40% below the Massachusetts state average of $145,602.
Cost-of-Living Adjusted Salary
Fitchburg has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Fitchburg, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $143,564 is competitive, the higher cost of living reduces purchasing power to an effective $132,317 — a 7.83% reduction.
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2019 BLS Actual
$115,945
2025 BLS Actual
$139,112
2026 Current Est.
$143,564
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Fitchburg (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $115,945 | Actual |
| 2020 | $118,812 | Actual |
| 2021 | $113,323 | Actual |
| 2022 | $121,980 | Actual |
| 2023 | $128,411 | Actual |
| 2024 | $151,953 | Actual |
| 2025 | $139,112 | Actual |
| 2026(current) | $143,564 | Estimated |
| 2027 | $148,158 | Projected |
Based on 7 years of BLS OEWS data for the Fitchburg metropolitan area, the median actuary salary grew 20.0% from $115,945 (2019) to $139,112 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $148,158 by 2027 — a total increase of $32,213 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Fitchburg 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) | $88,040 – $107,393 |
| 3-5 years (Mid Career) | $107,393 – $143,564 |
| 5+ years (Experienced) | $143,564 – $183,761 |
| 10+ years (Top Earner) | $183,761 – $222,524 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Fitchburg
The job market for actuaries in Fitchburg is relatively competitive, with only 10 actuaries currently employed in the area. This limited pool hints at a favorable position for candidates looking to secure roles in fields such as life insurance, health insurance, property and casualty firms, and consulting. The cost-of-living index of 108.5 in Fitchburg suggests that while salaries are competitive, the purchasing power may be impacted by higher living expenses. Employers like Prudential, MetLife, and State Farm are among those known to provide higher pay within the local market. The notable salary variation is often driven by factors such as exam progression and the type of credential obtained, where each passed exam generally corresponds to a salary increase of $3,000 to $8,000. Actuaries looking to maximize their pay should consider specializing in high-demand areas, completing exams timely, and acquiring data analytics skills to elevate their employability and compensation in Fitchburg, MA.
More salary data for Fitchburg, MA:
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 $139,112 for actuariesin the Fitchburg 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 Fitchburg 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