Actuary Salary in North Bergen, NJ: $149,879 (2026)
Quick Answer:A full-time actuary in North Bergen, NJ earns a median $149,879/year (≈ $72.05/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in North Bergen's price level (15% above national, BEA RPP 115.2), that paycheck buys what $130,103 would nationally. Nominal pay sits 3.0% below the New Jersey state average.
Based on BLS state-level estimates · View source
In North Bergen, New Jersey, actuaries can expect a median annual salary of $149,879 in 2026, reflecting a notable increase compared to the national average of $134,160. The salary range for this profession is extensive, ranging from $92,225 at the 10th percentile to $232,314 at the 90th percentile, showcasing the vast potential earnings depending on experience and credentials. These figures are informed by estimates derived from 2025 BLS state-level data and adjusted for regional cost factors. Notably, the market here tends to favor roles within consulting firms like Milliman and Mercer, where pay gradients tend to be higher compared to traditional insurance employers, creating competitive dynamics for actuary talent in North Bergen.
About the North Bergen Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $92,225 | $44.33 |
| Lower Range (P25) | $109,445 | $52.62 |
| Median (P50)(typical) | $149,879 | $72.05 |
| Upper Range (P75) | $191,846 | $92.23 |
| Top Earners (P90) | $232,314 | $111.69 |
Median Salary Position
11.72% above the national average
2026 Salary Percentile Distribution in North Bergen
In North Bergen, NJ, the actuary salary spread from the 10th to 90th percentile is $140,089 (2026 est.). At $149,879, the local median is 11.72% above the national median of $134,160.
Salary Calculator
At 40 hours/week in North Bergen: You'd be in the lower-middle range
How North Bergen Actuary Pay Compares
North Bergen median: $149,879/year (2026)
| Compared To | Median Salary | North Bergen Pays |
|---|---|---|
| New Jersey Average | $154,515 | -3.00% less |
| National Average | $134,160 | +11.72% more |
Actuarys in North Bergen, NJ earn a median of $149,879 per year (2026 est.), which is 11.72% higher than the national median of $134,160 and 3.00% below the New Jersey state average of $154,515.
Cost-of-Living Adjusted Salary
North Bergen has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
North Bergen, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $149,879 is competitive, the higher cost of living reduces purchasing power to an effective $130,103 — a 13.19% reduction.
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2019 BLS Actual
$121,045
2025 BLS Actual
$145,232
2026 Current Est.
$149,879
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in North Bergen (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $121,045 | Actual |
| 2020 | $124,039 | Actual |
| 2021 | $118,308 | Actual |
| 2022 | $127,346 | Actual |
| 2023 | $134,060 | Actual |
| 2024 | $158,638 | Actual |
| 2025 | $145,232 | Actual |
| 2026(current) | $149,879 | Estimated |
| 2027 | $154,676 | Projected |
Based on 7 years of BLS OEWS data for the North Bergen metropolitan area, the median actuary salary grew 20.0% from $121,045 (2019) to $145,232 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $154,676 by 2027 — a total increase of $33,631 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the North Bergen 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) | $92,225 – $109,445 |
| 3-5 years (Mid Career) | $109,445 – $149,879 |
| 5+ years (Experienced) | $149,879 – $191,846 |
| 10+ years (Top Earner) | $191,846 – $232,314 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in North Bergen
Analyzing the local job market reveals that there are currently 13 actuaries employed in North Bergen, NJ, which may reflect a tight-knit community yet also limited positions available. With a cost of living index of 115.2, the higher prices can impact overall take-home pay considerations for actuaries, particularly when comparing compensation packages. Life insurance companies, such as Prudential and MetLife, along with health insurers like UnitedHealth and Cigna, are known to pay well. Exam progression remains a key factor in determining salary, where each successfully passed exam can increment base pay significantly. For those aiming to maximize their actuary pay in North Bergen, pursuing roles in consulting or focusing on profitable specialties like property & casualty reinsurance can yield greater financial rewards. Crafting expertise in predictive analytics and data science is increasingly advantageous as the field evolves, further enhancing job prospects and salary potential.
More salary data for North Bergen, 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 $145,232 for actuariesin the North Bergen 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 North Bergen 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