Actuary Salary in Randolph, MA: $144,670 (2026)
Quick Answer:A full-time actuary in Randolph, MA earns a median $144,670/year (≈ $69.56/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Randolph's price level (9% above national, BEA RPP 108.5), that paycheck buys what $133,336 would nationally. Nominal pay sits 0.6% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Randolph, Massachusetts, can expect a median annual salary of $144,670, reflecting a competitive pay landscape compared to the national median of $134,160. The local salary range spans from $90,436 at the 10th percentile to $224,238 at the 90th percentile, illustrating significant earning potential in the field. These figures are derived from 2025 BLS state-level data and adjusted for regional cost factors, providing a clearer picture of the local market environment. At the FSA level, those working within consulting firms such as Milliman or Mercer may experience higher compensation compared to traditional insurance roles, representing an ongoing trend in the sector that influences salary dynamics in Randolph.
About the Randolph Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $90,436 | $43.48 |
| Lower Range (P25) | $109,603 | $52.69 |
| Median (P50)(typical) | $144,670 | $69.56 |
| Upper Range (P75) | $185,178 | $89.03 |
| Top Earners (P90) | $224,238 | $107.80 |
Median Salary Position
7.83% above the national average
2026 Salary Percentile Distribution in Randolph
In Randolph, MA, the actuary salary spread from the 10th to 90th percentile is $133,802 (2026 est.). At $144,670, the local median is 7.83% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Randolph: You'd be in the lower-middle range
How Randolph Actuary Pay Compares
Randolph median: $144,670/year (2026)
| Compared To | Median Salary | Randolph Pays |
|---|---|---|
| Massachusetts Average | $145,543 | -0.60% less |
| National Average | $134,160 | +7.83% more |
Actuarys in Randolph, MA earn a median of $144,670 per year (2026 est.), which is 7.83% higher than the national median of $134,160 and 0.60% below the Massachusetts state average of $145,543.
Cost-of-Living Adjusted Salary
Randolph has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Randolph, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $144,670 is competitive, the higher cost of living reduces purchasing power to an effective $133,336 — a 7.83% reduction.
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2019 BLS Actual
$116,838
2025 BLS Actual
$140,184
2026 Current Est.
$144,670
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Randolph (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $116,838 | Actual |
| 2020 | $119,728 | Actual |
| 2021 | $114,196 | Actual |
| 2022 | $122,920 | Actual |
| 2023 | $129,401 | Actual |
| 2024 | $153,124 | Actual |
| 2025 | $140,184 | Actual |
| 2026(current) | $144,670 | Estimated |
| 2027 | $149,299 | Projected |
Based on 7 years of BLS OEWS data for the Randolph metropolitan area, the median actuary salary grew 20.0% from $116,838 (2019) to $140,184 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $149,299 by 2027 — a total increase of $32,461 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Randolph 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) | $90,436 – $109,603 |
| 3-5 years (Mid Career) | $109,603 – $144,670 |
| 5+ years (Experienced) | $144,670 – $185,178 |
| 10+ years (Top Earner) | $185,178 – $224,238 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Randolph
The job market in Randolph employs a small but dedicated group of eight actuaries, highlighting a niche professional community. With a cost of living index at 108.5, the purchasing power of actuary pay can be somewhat constrained, necessitating careful financial planning for locals. Life and health insurance companies like Prudential and UnitedHealth, as well as consulting firms, are typically among the highest payers in the area, making them attractive employers for those seeking lucrative positions. Factors driving the wide pay range include the progression through actuarial exams, as each passed exam can contribute an increase in salary, and differences in specialty fields, with property and casualty roles generally commanding higher rates than life or pension sectors. For aspiring actuaries in Randolph, focusing on obtaining relevant credentials and enhancing skills in predictive analytics can prove beneficial in maximizing earning potential.
More salary data for Randolph, 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 $140,184 for actuariesin the Randolph 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 Randolph 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