Actuary Salary in Gloucester Township, NJ: $155,204 (2026)
Quick Answer:A full-time actuary in Gloucester Township, NJ earns a median $155,204/year (≈ $74.61/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Gloucester Township's price level (15% above national, BEA RPP 115.2), that paycheck buys what $134,726 would nationally. Nominal pay sits 0.4% above the New Jersey state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Gloucester Township, New Jersey, can expect a robust median annual salary of $155,204, which exceeds the national median of $134,160 by 15.69%. The salary range for this profession in Gloucester Township spans from $91,091 at the 10th percentile to $240,565 at the 90th percentile. These figures, based on 2025 BLS data projected to 2026, consider both local job market conditions and regional cost adjustments, which are crucial as Gloucester Township has a cost of living index of 115.2. The local actuary job market is influenced heavily by specialization, particularly between those affiliated with the Society of Actuaries (SOA) and those connected to the Casualty Actuarial Society (CAS), with the former often driving higher compensation due to differing market demands.
About the Gloucester Township Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $91,091 | $43.80 |
| Lower Range (P25) | $113,899 | $54.76 |
| Median (P50)(typical) | $155,204 | $74.61 |
| Upper Range (P75) | $198,660 | $95.51 |
| Top Earners (P90) | $240,565 | $115.66 |
Median Salary Position
15.69% above the national average
2026 Salary Percentile Distribution in Gloucester Township
In Gloucester Township, NJ, the actuary salary spread from the 10th to 90th percentile is $149,474 (2026 est.). At $155,204, the local median is 15.69% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Gloucester Township: You'd be in the lower-middle range
How Gloucester Township Actuary Pay Compares
Gloucester Township median: $155,204/year (2026)
| Compared To | Median Salary | Gloucester Township Pays |
|---|---|---|
| New Jersey Average | $154,585 | +0.40% more |
| National Average | $134,160 | +15.69% more |
Actuarys in Gloucester Township, NJ earn a median of $155,204 per year (2026 est.), which is 15.69% higher than the national median of $134,160 and 0.40% above the New Jersey state average of $154,585.
Cost-of-Living Adjusted Salary
Gloucester Township has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Gloucester Township, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $155,204 is competitive, the higher cost of living reduces purchasing power to an effective $134,726 — a 13.19% reduction.
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2019 BLS Actual
$125,345
2025 BLS Actual
$150,391
2026 Current Est.
$155,204
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Gloucester Township (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $125,345 | Actual |
| 2020 | $128,445 | Actual |
| 2021 | $122,511 | Actual |
| 2022 | $131,870 | Actual |
| 2023 | $138,822 | Actual |
| 2024 | $164,274 | Actual |
| 2025 | $150,391 | Actual |
| 2026(current) | $155,204 | Estimated |
| 2027 | $160,170 | Projected |
Based on 7 years of BLS OEWS data for the Gloucester Township metropolitan area, the median actuary salary grew 20.0% from $125,345 (2019) to $150,391 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $160,170 by 2027 — a total increase of $34,825 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Gloucester Township 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) | $91,091 – $113,899 |
| 3-5 years (Mid Career) | $113,899 – $155,204 |
| 5+ years (Experienced) | $155,204 – $198,660 |
| 10+ years (Top Earner) | $198,660 – $240,565 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Gloucester Township
Looking deeper into the local job market, Gloucester Township is home to approximately 10 actuaries, indicating a niche yet stable employment environment. Employers in the life insurance sector, such as Prudential and MetLife, are generally at the forefront of compensation, reflecting the higher value placed on life and health actuarial expertise. In terms of buying power, the local cost of living poses its restrictions, given the higher cost index, which might affect overall take-home income. Notably, the spread in salaries is influenced by various factors including exam progression, where each passed exam can result in an incremental salary increase, the type of credential achieved (ASA versus FSA), and the specific market within which an actuary operates. To maximize their pay, candidates in Gloucester Township should focus on progressing through examinations rapidly while also acquiring relevant predictive analytics skills, which are increasingly sought after in today’s competitive actuarial landscape.
More salary data for Gloucester Township, NJ:
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 $150,391 for actuariesin the Gloucester Township 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 Gloucester Township 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