Actuary Salary in Mount Laurel, NJ: $147,427 (2026)
Quick Answer:A full-time actuary in Mount Laurel, NJ earns a median $147,427/year (≈ $70.88/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Mount Laurel's price level (15% above national, BEA RPP 115.2), that paycheck buys what $127,975 would nationally. Nominal pay sits 4.6% below the New Jersey state average.
Based on BLS state-level estimates · View source
In 2026, actuary salaries in Mount Laurel, New Jersey, reflect a robust compensation landscape, with a median annual salary of $147,427. This figure is notably higher than the national median of $134,160, marking a 9.89% premium for professionals in this area. The salary range spans from $94,300 at the 10th percentile to $228,513 at the 90th percentile, illustrating considerable potential for income growth based on experience and credentials. These numbers are derived from 2025 BLS data, projected to 2026, and account for local economic conditions, making them particularly relevant for new graduates considering a career in this field in Mount Laurel, NJ.
About the Mount Laurel Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $94,300 | $45.34 |
| Lower Range (P25) | $113,301 | $54.47 |
| Median (P50)(typical) | $147,427 | $70.88 |
| Upper Range (P75) | $188,707 | $90.72 |
| Top Earners (P90) | $228,513 | $109.87 |
Median Salary Position
9.89% above the national average
2026 Salary Percentile Distribution in Mount Laurel
In Mount Laurel, NJ, the actuary salary spread from the 10th to 90th percentile is $134,213 (2026 est.). At $147,427, the local median is 9.89% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Mount Laurel: You'd be in the lower-middle range
How Mount Laurel Actuary Pay Compares
Mount Laurel median: $147,427/year (2026)
| Compared To | Median Salary | Mount Laurel Pays |
|---|---|---|
| New Jersey Average | $154,536 | -4.60% less |
| National Average | $134,160 | +9.89% more |
Actuarys in Mount Laurel, NJ earn a median of $147,427 per year (2026 est.), which is 9.89% higher than the national median of $134,160 and 4.60% below the New Jersey state average of $154,536.
Cost-of-Living Adjusted Salary
Mount Laurel has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Mount Laurel, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $147,427 is competitive, the higher cost of living reduces purchasing power to an effective $127,975 — a 13.19% reduction.
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2019 BLS Actual
$119,065
2025 BLS Actual
$142,856
2026 Current Est.
$147,427
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Mount Laurel (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $119,065 | Actual |
| 2020 | $122,010 | Actual |
| 2021 | $116,373 | Actual |
| 2022 | $125,263 | Actual |
| 2023 | $131,867 | Actual |
| 2024 | $156,042 | Actual |
| 2025 | $142,856 | Actual |
| 2026(current) | $147,427 | Estimated |
| 2027 | $152,145 | Projected |
Based on 7 years of BLS OEWS data for the Mount Laurel metropolitan area, the median actuary salary grew 20.0% from $119,065 (2019) to $142,856 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $152,145 by 2027 — a total increase of $33,080 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Mount Laurel 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) | $94,300 – $113,301 |
| 3-5 years (Mid Career) | $113,301 – $147,427 |
| 5+ years (Experienced) | $147,427 – $188,707 |
| 10+ years (Top Earner) | $188,707 – $228,513 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Mount Laurel
With 11 actuaries currently employed in the Mount Laurel market, the competition remains relatively contained, providing opportunities for both entry-level professionals and more seasoned actuaries seeking advancement. The area's cost of living index stands at 115.2, which means that while salaries are competitive, the purchasing power can be slightly diminished compared to national averages. Leading employers such as Prudential, MetLife, and consulting firms like Mercer and Aon are among those that contribute significantly to actuary pay in Mount Laurel, NJ. To maximize earnings, aspiring actuaries should prioritize passing exams efficiently, as each exam completed often translates to a pay increase between $3,000 to $8,000. Additionally, securing fellow status with the SOA or CAS can greatly enhance one's salary position, with specialties in property and casualty reinsurance commanding the highest salaries. Focusing on integrating data science skills can also provide a competitive edge as the demand for analytical capabilities continues to rise in the industry.
More salary data for Mount Laurel, 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 $142,856 for actuariesin the Mount Laurel 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 Mount Laurel 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