Actuary Salary in Piscataway, NJ: $153,686 (2026)
Quick Answer:A full-time actuary in Piscataway, NJ earns a median $153,686/year (≈ $73.89/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Piscataway's price level (15% above national, BEA RPP 115.2), that paycheck buys what $133,408 would nationally. Nominal pay sits 0.6% below the New Jersey state average.
Based on BLS state-level estimates · View source
With a projected median annual salary of $153,686 in 2026, actuaries in Piscataway, NJ, enjoy a compensation package that exceeds the national average by 14.55%. The salary range extends from $89,138 (P10) to $238,214 (P90), reflecting a competitive job market that rewards varying levels of experience and professional achievement. These figures are derived from estimates based on 2025 BLS Occupational Employment and Wage Statistics (OEWS) data, adjusted for local cost considerations. Given Piscataway’s growing financial sector and proximity to major insurers, the area continues to attract professionals seeking robust career opportunities.
About the Piscataway Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $89,138 | $42.86 |
| Lower Range (P25) | $110,955 | $53.34 |
| Median (P50)(typical) | $153,686 | $73.89 |
| Upper Range (P75) | $196,719 | $94.57 |
| Top Earners (P90) | $238,214 | $114.53 |
Median Salary Position
14.55% above the national average
2026 Salary Percentile Distribution in Piscataway
In Piscataway, NJ, the actuary salary spread from the 10th to 90th percentile is $149,076 (2026 est.). At $153,686, the local median is 14.55% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Piscataway: You'd be in the lower-middle range
How Piscataway Actuary Pay Compares
Piscataway median: $153,686/year (2026)
| Compared To | Median Salary | Piscataway Pays |
|---|---|---|
| New Jersey Average | $154,614 | -0.60% less |
| National Average | $134,160 | +14.55% more |
Actuarys in Piscataway, NJ earn a median of $153,686 per year (2026 est.), which is 14.55% higher than the national median of $134,160 and 0.60% below the New Jersey state average of $154,614.
Cost-of-Living Adjusted Salary
Piscataway has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Piscataway, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $153,686 is competitive, the higher cost of living reduces purchasing power to an effective $133,408 — a 13.19% reduction.
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2019 BLS Actual
$124,120
2025 BLS Actual
$148,921
2026 Current Est.
$153,686
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Piscataway (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $124,120 | Actual |
| 2020 | $127,190 | Actual |
| 2021 | $121,313 | Actual |
| 2022 | $130,581 | Actual |
| 2023 | $137,466 | Actual |
| 2024 | $162,667 | Actual |
| 2025 | $148,921 | Actual |
| 2026(current) | $153,686 | Estimated |
| 2027 | $158,604 | Projected |
Based on 7 years of BLS OEWS data for the Piscataway metropolitan area, the median actuary salary grew 20.0% from $124,120 (2019) to $148,921 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $158,604 by 2027 — a total increase of $34,484 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Piscataway 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) | $89,138 – $110,955 |
| 3-5 years (Mid Career) | $110,955 – $153,686 |
| 5+ years (Experienced) | $153,686 – $196,719 |
| 10+ years (Top Earner) | $196,719 – $238,214 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Piscataway
Currently, there are 14 actuaries employed in Piscataway, and while this number is relatively small, the strength of local employers such as Prudential, MetLife, and UnitedHealth significantly influences the market. The cost of living index stands at 115.2, which indicates that despite the higher salaries, purchasing power may be somewhat diminished when compared to national averages. The wide salary spread in this area is often attributed to the exam progression system; each passed exam typically leads to a salary increase of $3,000 to $8,000, while achieving a Fellowship designation can open doors to top-tier roles in consulting firms where FSAs or FCAS credential holders earn premium compensation. To maximize pay, aspiring actuaries should focus on passing exams promptly, pursuing specialized credentials, and developing skills in emerging fields like predictive analytics, which are increasingly demanded by employers in Piscataway.
More salary data for Piscataway, 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 $148,921 for actuariesin the Piscataway 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 Piscataway 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