Actuary Salary in Hoboken, NJ: $149,744 (2026)
Quick Answer:A full-time actuary in Hoboken, NJ earns a median $149,744/year (≈ $71.99/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Hoboken's price level (15% above national, BEA RPP 115.2), that paycheck buys what $129,986 would nationally. Nominal pay sits 3.1% below the New Jersey state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $149,744 in 2026, the actuary salary in Hoboken significantly outpaces the national median of $134,160, indicating a strong local market for actuarial professionals. This salary reflects a wide range, with earnings spanning from $87,407 at the 10th percentile to an impressive $232,104 at the 90th percentile. These estimates are drawn from 2025 BLS data and adjusted for regional price parity, shaping a competitive landscape for actuaries choosing between the Society of Actuaries (SOA) for life and health sectors and the Casualty Actuarial Society (CAS) focused on property and casualty markets. The high demand for skilled actuaries in Hoboken suggests a vibrant job market that can support professionals who specialize in these diverse fields.
About the Hoboken Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $87,407 | $42.02 |
| Lower Range (P25) | $109,188 | $52.50 |
| Median (P50)(typical) | $149,744 | $71.99 |
| Upper Range (P75) | $191,672 | $92.15 |
| Top Earners (P90) | $232,104 | $111.59 |
Median Salary Position
11.62% above the national average
2026 Salary Percentile Distribution in Hoboken
In Hoboken, NJ, the actuary salary spread from the 10th to 90th percentile is $144,697 (2026 est.). At $149,744, the local median is 11.62% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Hoboken: You'd be in the lower-middle range
How Hoboken Actuary Pay Compares
Hoboken median: $149,744/year (2026)
| Compared To | Median Salary | Hoboken Pays |
|---|---|---|
| New Jersey Average | $154,535 | -3.10% less |
| National Average | $134,160 | +11.62% more |
Actuarys in Hoboken, NJ earn a median of $149,744 per year (2026 est.), which is 11.62% higher than the national median of $134,160 and 3.10% below the New Jersey state average of $154,535.
Cost-of-Living Adjusted Salary
Hoboken has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hoboken, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $149,744 is competitive, the higher cost of living reduces purchasing power to an effective $129,986 — a 13.19% reduction.
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2019 BLS Actual
$120,936
2025 BLS Actual
$145,101
2026 Current Est.
$149,744
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Hoboken (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $120,936 | Actual |
| 2020 | $123,927 | Actual |
| 2021 | $118,202 | Actual |
| 2022 | $127,231 | Actual |
| 2023 | $133,939 | Actual |
| 2024 | $158,495 | Actual |
| 2025 | $145,101 | Actual |
| 2026(current) | $149,744 | Estimated |
| 2027 | $154,536 | Projected |
Based on 7 years of BLS OEWS data for the Hoboken metropolitan area, the median actuary salary grew 20.0% from $120,936 (2019) to $145,101 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $154,536 by 2027 — a total increase of $33,600 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hoboken 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) | $87,407 – $109,188 |
| 3-5 years (Mid Career) | $109,188 – $149,744 |
| 5+ years (Experienced) | $149,744 – $191,672 |
| 10+ years (Top Earner) | $191,672 – $232,104 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Hoboken
Among the 15 actuaries employed in Hoboken, the cost of living index of 115.2 reflects a reality where take-home pay must be carefully balanced against living expenses. Major employers in the area, such as Prudential, MetLife, and UnitedHealth, tend to offer higher compensation packages, particularly for roles associated with life insurance and managed care. The wide salary range can be attributed to factors such as credential level, specialty market focus, and the progression through exams, where each passed exam can yield salary boosts between $3,000 and $8,000. For those aiming for maximum actuary pay in Hoboken, earning Fellow status—whether through SOA or CAS—alongside gaining skills in predictive analytics can strategically elevate one’s market appeal and compensation.
More salary data for Hoboken, 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 $145,101 for actuariesin the Hoboken 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 Hoboken 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