Actuary Salary in Framingham, MA: $145,901 (2026)
Quick Answer:A full-time actuary in Framingham, MA earns a median $145,901/year (≈ $70.15/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Framingham's price level (9% above national, BEA RPP 108.5), that paycheck buys what $134,471 would nationally. Nominal pay sits 0.2% above the Massachusetts state average.
Based on BLS state-level estimates · View source
In Framingham, Massachusetts, actuaries can expect a median annual salary of $145,901 in 2026, significantly higher than the national median of $134,160, reflecting a 8.75% premium for local professionals. The annual salary range is noteworthy, spanning from $85,781 at the 10th percentile to $226,146 at the 90th percentile, illustrating the potential for robust earnings in the field. These figures are estimates derived from 2025 BLS data, adjusted for regional cost of living, which is slightly elevated at a cost of living index of 108.5. Given the local market's mix of consulting firms and insurance companies, achieving Fellow status can greatly enhance earning potential, and those working in consulting tend to receive higher compensation relative to their counterparts in insurance.
About the Framingham Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $85,781 | $41.24 |
| Lower Range (P25) | $106,736 | $51.31 |
| Median (P50)(typical) | $145,901 | $70.15 |
| Upper Range (P75) | $186,754 | $89.78 |
| Top Earners (P90) | $226,146 | $108.72 |
Median Salary Position
8.75% above the national average
2026 Salary Percentile Distribution in Framingham
In Framingham, MA, the actuary salary spread from the 10th to 90th percentile is $140,365 (2026 est.). At $145,901, the local median is 8.75% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Framingham: You'd be in the lower-middle range
How Framingham Actuary Pay Compares
Framingham median: $145,901/year (2026)
| Compared To | Median Salary | Framingham Pays |
|---|---|---|
| Massachusetts Average | $145,610 | +0.20% more |
| National Average | $134,160 | +8.75% more |
Actuarys in Framingham, MA earn a median of $145,901 per year (2026 est.), which is 8.75% higher than the national median of $134,160 and 0.20% above the Massachusetts state average of $145,610.
Cost-of-Living Adjusted Salary
Framingham has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Framingham, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $145,901 is competitive, the higher cost of living reduces purchasing power to an effective $134,471 — a 7.83% reduction.
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2019 BLS Actual
$117,832
2025 BLS Actual
$141,377
2026 Current Est.
$145,901
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Framingham (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $117,832 | Actual |
| 2020 | $120,747 | Actual |
| 2021 | $115,168 | Actual |
| 2022 | $123,966 | Actual |
| 2023 | $130,502 | Actual |
| 2024 | $154,427 | Actual |
| 2025 | $141,377 | Actual |
| 2026(current) | $145,901 | Estimated |
| 2027 | $150,570 | Projected |
Based on 7 years of BLS OEWS data for the Framingham metropolitan area, the median actuary salary grew 20.0% from $117,832 (2019) to $141,377 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $150,570 by 2027 — a total increase of $32,738 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Framingham 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) | $85,781 – $106,736 |
| 3-5 years (Mid Career) | $106,736 – $145,901 |
| 5+ years (Experienced) | $145,901 – $186,754 |
| 10+ years (Top Earner) | $186,754 – $226,146 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Framingham
The local job market for actuaries in Framingham comprises approximately 17 professionals, indicating a stable employment scene albeit with a relatively small workforce. With a cost-of-living index higher than the national average, actuaries' take-home pay might face pressures despite attractive salaries. Firms like Prudential and MetLife in the life insurance sector offer competitive pay, while consulting giants such as Mercer, WTW, and Aon are known for their premium compensation packages that target FSAs and FCAS credential holders. Differences in income often stem from the advancement through exams, with pay increases typically associated with each passed exam. Additionally, specialties in reinsurance and consulting can drive higher salaries compared to life and health markets. Maximizing pay in Framingham may involve focusing on gaining relevant credentials, strengthening analytical skills, and pursuing opportunities in high-paying sectors like consulting, where demand for data analytics expertise is growing.
More salary data for Framingham, 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 $141,377 for actuariesin the Framingham 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 Framingham 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