Actuary Salary in Newark, NJ: $166,873 (2026)
Quick Answer:A full-time actuary in Newark, NJ earns a median $166,873/year (≈ $80.23/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Newark's price level (15% above national, BEA RPP 115.2), that paycheck buys what $144,855 would nationally. Nominal pay sits 8.0% above the New Jersey state average.
Based on BLS state-level estimates · View source
In the Newark, NJ job market, actuaries can expect to earn a median annual salary of $166,873 in 2026, considerably higher than the national median of $134,160. The salary range reveals significant opportunities for growth, with entry-level positions starting around $96,786 and seasoned professionals reaching up to $258,653. These figures reflect local estimates derived from 2025 BLS data and adjusted for current regional economic conditions. The demand for actuaries in Newark remains robust, fueled by the city’s competitive landscape, particularly among insurance and consulting firms that value advanced credentials and exam progression.
About the Newark Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $96,786 | $46.53 |
| Lower Range (P25) | $126,765 | $60.94 |
| Median (P50)(typical) | $166,873 | $80.23 |
| Upper Range (P75) | $213,598 | $102.69 |
| Top Earners (P90) | $258,653 | $124.36 |
Median Salary Position
24.38% above the national average
2026 Salary Percentile Distribution in Newark
In Newark, NJ, the actuary salary spread from the 10th to 90th percentile is $161,867 (2026 est.). At $166,873, the local median is 24.38% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Newark: You'd be in the lower-middle range
How Newark Actuary Pay Compares
Newark median: $166,873/year (2026)
| Compared To | Median Salary | Newark Pays |
|---|---|---|
| New Jersey Average | $154,512 | +8.00% more |
| National Average | $134,160 | +24.38% more |
Actuarys in Newark, NJ earn a median of $166,873 per year (2026 est.), which is 24.38% higher than the national median of $134,160 and 8.00% above the New Jersey state average of $154,512.
Cost-of-Living Adjusted Salary
Newark has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Newark, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $166,873 is competitive, the higher cost of living reduces purchasing power to an effective $144,855 — a 13.19% reduction.
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2019 BLS Actual
$134,770
2025 BLS Actual
$161,699
2026 Current Est.
$166,873
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Newark (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $134,770 | Actual |
| 2020 | $138,103 | Actual |
| 2021 | $131,722 | Actual |
| 2022 | $141,785 | Actual |
| 2023 | $149,261 | Actual |
| 2024 | $172,017 | Actual |
| 2025 | $161,699 | Actual |
| 2026(current) | $166,873 | Estimated |
| 2027 | $172,213 | Projected |
Based on 7 years of BLS OEWS data for the Newark metropolitan area, the median actuary salary grew 20.0% from $134,770 (2019) to $161,699 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $172,213 by 2027 — a total increase of $37,443 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Newark 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) | $96,786 – $126,765 |
| 3-5 years (Mid Career) | $126,765 – $166,873 |
| 5+ years (Experienced) | $166,873 – $213,598 |
| 10+ years (Top Earner) | $213,598 – $258,653 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Newark
The local actuarial workforce consists of approximately 61 professionals, highlighting the niche yet vital role actuaries play in Newark's economy. Given a cost-of-living index of 115.2, which is above the national average, take-home pay can be significantly influenced by local expenses. Employers such as Prudential and UnitedHealth are known for offering competitive salaries, especially to those with specialized skills in predictive analytics and data science. Pay disparities arise from factors such as exam progression and credential levels, where each passed exam can yield substantial raises. To maximize earnings in Newark, aspiring actuaries should consider targeting consulting firms post-credentialing, as they typically offer higher compensatory packages for FSAs and FCAS due to the demand for advanced expertise in both life and property casualty disciplines.
More salary data for Newark, 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 $161,699 for actuariesin the Newark 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 Newark 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