Actuary Salary in Shrewsbury, MA: $139,158 (2026)
Quick Answer:A full-time actuary in Shrewsbury, MA earns a median $139,158/year (≈ $66.90/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Shrewsbury's price level (9% above national, BEA RPP 108.5), that paycheck buys what $128,256 would nationally. Nominal pay sits 4.4% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In Shrewsbury, Massachusetts, the projected median annual salary for actuaries will reach $139,158 in 2026, reflecting a 3.73% premium over the national median of $134,160. Local actuary compensation varies significantly, with salaries ranging from $89,653 at the 10th percentile to $215,695 at the 90th percentile. Such figures are derived from estimates based on 2025 BLS data and adjusted for regional price parity. Notably, firms in consulting, like Milliman and Mercer, tend to pay more than traditional insurers for fully credentialed actuaries, especially those who have achieved Fellowship status.
About the Shrewsbury Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $89,653 | $43.11 |
| Lower Range (P25) | $107,285 | $51.58 |
| Median (P50)(typical) | $139,158 | $66.90 |
| Upper Range (P75) | $178,122 | $85.64 |
| Top Earners (P90) | $215,695 | $103.70 |
Median Salary Position
3.73% above the national average
2026 Salary Percentile Distribution in Shrewsbury
In Shrewsbury, MA, the actuary salary spread from the 10th to 90th percentile is $126,042 (2026 est.). At $139,158, the local median is 3.73% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Shrewsbury: You'd be in the lower-middle range
How Shrewsbury Actuary Pay Compares
Shrewsbury median: $139,158/year (2026)
| Compared To | Median Salary | Shrewsbury Pays |
|---|---|---|
| Massachusetts Average | $145,563 | -4.40% less |
| National Average | $134,160 | +3.73% more |
Actuarys in Shrewsbury, MA earn a median of $139,158 per year (2026 est.), which is 3.73% higher than the national median of $134,160 and 4.40% below the Massachusetts state average of $145,563.
Cost-of-Living Adjusted Salary
Shrewsbury has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Shrewsbury, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $139,158 is competitive, the higher cost of living reduces purchasing power to an effective $128,256 — a 7.83% reduction.
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2019 BLS Actual
$112,386
2025 BLS Actual
$134,843
2026 Current Est.
$139,158
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Shrewsbury (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $112,386 | Actual |
| 2020 | $115,166 | Actual |
| 2021 | $109,845 | Actual |
| 2022 | $118,237 | Actual |
| 2023 | $124,470 | Actual |
| 2024 | $147,290 | Actual |
| 2025 | $134,843 | Actual |
| 2026(current) | $139,158 | Estimated |
| 2027 | $143,611 | Projected |
Based on 7 years of BLS OEWS data for the Shrewsbury metropolitan area, the median actuary salary grew 20.0% from $112,386 (2019) to $134,843 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $143,611 by 2027 — a total increase of $31,225 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Shrewsbury 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) | $89,653 – $107,285 |
| 3-5 years (Mid Career) | $107,285 – $139,158 |
| 5+ years (Experienced) | $139,158 – $178,122 |
| 10+ years (Top Earner) | $178,122 – $215,695 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Shrewsbury
With only six actuaries currently employed in Shrewsbury, the local job market is both specialized and selective. The cost-of-living index stands at 108.5, indicating that while salaries are competitive, the purchasing power may be slightly impacted by living costs. Employers such as health insurers like UnitedHealth and Cigna, alongside consulting firms like Aon and WTW, generally offer the most appealing compensation packages. The disparity in pay also stems from factors such as advancement in exam progress—each passed exam typically yields an increase of around $3,000 to $8,000—and the demand for specific specialties. Aspiring actuaries should ideally focus on obtaining Fellow certifications and consider positions in consulting for optimal salary potential in this region, as these pathways are more likely to translate into higher remuneration than those in life or health sectors.
More salary data for Shrewsbury, 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 $134,843 for actuariesin the Shrewsbury 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 Shrewsbury 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