Actuary Salary in Westfield, MA: $142,954 (2026)
Quick Answer:A full-time actuary in Westfield, MA earns a median $142,954/year (≈ $68.73/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Westfield's price level (9% above national, BEA RPP 108.5), that paycheck buys what $131,755 would nationally. Nominal pay sits 1.8% below the Massachusetts state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Westfield, Massachusetts, can expect a median annual salary of $142,954, reflecting a competitive market that exceeds the national median by 6.55%. The projected annual salary range for actuaries in this area spans from $86,043 at the 10th percentile to $221,579 at the 90th percentile, indicating a significant potential for earnings based on experience and qualifications. These figures are derived from estimates based on 2025 BLS OEWS data, adjusted for regional cost factors. The local job market shows promise, with 9 actuaries currently employed, hinting at a modest yet stable demand for this specialized skill set in Westfield.
About the Westfield Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $86,043 | $41.36 |
| Lower Range (P25) | $106,185 | $51.05 |
| Median (P50)(typical) | $142,954 | $68.73 |
| Upper Range (P75) | $181,351 | $87.18 |
| Top Earners (P90) | $221,579 | $106.53 |
Median Salary Position
6.55% above the national average
2026 Salary Percentile Distribution in Westfield
In Westfield, MA, the actuary salary spread from the 10th to 90th percentile is $135,536 (2026 est.). At $142,954, the local median is 6.55% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Westfield: You'd be in the lower-middle range
How Westfield Actuary Pay Compares
Westfield median: $142,954/year (2026)
| Compared To | Median Salary | Westfield Pays |
|---|---|---|
| Massachusetts Average | $145,574 | -1.80% less |
| National Average | $134,160 | +6.55% more |
Actuarys in Westfield, MA earn a median of $142,954 per year (2026 est.), which is 6.55% higher than the national median of $134,160 and 1.80% below the Massachusetts state average of $145,574.
Cost-of-Living Adjusted Salary
Westfield has a cost of living 8.50% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Westfield, MA has a cost-of-living index of 108.5 (above the national average of 100). While the nominal salary of $142,954 is competitive, the higher cost of living reduces purchasing power to an effective $131,755 — a 7.83% reduction.
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2019 BLS Actual
$115,452
2025 BLS Actual
$138,521
2026 Current Est.
$142,954
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Westfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $115,452 | Actual |
| 2020 | $118,308 | Actual |
| 2021 | $112,841 | Actual |
| 2022 | $121,462 | Actual |
| 2023 | $127,866 | Actual |
| 2024 | $151,307 | Actual |
| 2025 | $138,521 | Actual |
| 2026(current) | $142,954 | Estimated |
| 2027 | $147,528 | Projected |
Based on 7 years of BLS OEWS data for the Westfield metropolitan area, the median actuary salary grew 20.0% from $115,452 (2019) to $138,521 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $147,528 by 2027 — a total increase of $32,076 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Westfield 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) | $86,043 – $106,185 |
| 3-5 years (Mid Career) | $106,185 – $142,954 |
| 5+ years (Experienced) | $142,954 – $181,351 |
| 10+ years (Top Earner) | $181,351 – $221,579 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Westfield
Taking into account the cost of living in Westfield, which has a CoL index of 108.5, actuaries must consider how their salaries translate into real purchasing power. The upward pressure on salaries can often be attributed to key factors such as exam completion and credential tier levels; actuaries who pass exams see substantial pay increases, typically in the range of $3,000 to $8,000 per exam completed. Employers that are prominent in Westfield, such as health and life insurance firms, can skew earnings higher, especially those offering advanced positions to FSAs or FCAS holders. As actuaries look to maximize their pay, engaging in continuous education and skill development in predictive analytics will be essential, as these areas are increasingly sought after in both consulting and insurance roles in the region.
More salary data for Westfield, 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 $138,521 for actuariesin the Westfield 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 Westfield 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