Actuary Salary in Toms River, NJ: $152,377 (2026)
Quick Answer:A full-time actuary in Toms River, NJ earns a median $152,377/year (≈ $73.26/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Toms River's price level (15% above national, BEA RPP 115.2), that paycheck buys what $132,272 would nationally. Nominal pay sits 1.4% below the New Jersey state average.
Based on BLS state-level estimates · View source
For actuaries specializing in life, health, or pension, Toms River offers an attractive median salary of $152,377 in 2026, significantly higher than the national median of $134,160. Those in this city can expect to earn within a wide salary range, from $97,741 at the 10th percentile to an impressive $236,185 at the 90th percentile. These figures are derived from estimates based on 2025 BLS data and adjusted for regional price parities, reflecting the local economic landscape. The stronger salary potential for actuaries in Toms River may predominantly attract candidates from the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS), depending on their area of expertise, showcasing specialized skills that carry substantial weight in the job market.
About the Toms River Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $97,741 | $46.99 |
| Lower Range (P25) | $117,587 | $56.53 |
| Median (P50)(typical) | $152,377 | $73.26 |
| Upper Range (P75) | $195,043 | $93.77 |
| Top Earners (P90) | $236,185 | $113.55 |
Median Salary Position
13.58% above the national average
2026 Salary Percentile Distribution in Toms River
In Toms River, NJ, the actuary salary spread from the 10th to 90th percentile is $138,444 (2026 est.). At $152,377, the local median is 13.58% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Toms River: You'd be in the lower-middle range
How Toms River Actuary Pay Compares
Toms River median: $152,377/year (2026)
| Compared To | Median Salary | Toms River Pays |
|---|---|---|
| New Jersey Average | $154,540 | -1.40% less |
| National Average | $134,160 | +13.58% more |
Actuarys in Toms River, NJ earn a median of $152,377 per year (2026 est.), which is 13.58% higher than the national median of $134,160 and 1.40% below the New Jersey state average of $154,540.
Cost-of-Living Adjusted Salary
Toms River has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Toms River, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $152,377 is competitive, the higher cost of living reduces purchasing power to an effective $132,272 — a 13.19% reduction.
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2019 BLS Actual
$123,062
2025 BLS Actual
$147,652
2026 Current Est.
$152,377
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Toms River (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $123,062 | Actual |
| 2020 | $126,106 | Actual |
| 2021 | $120,280 | Actual |
| 2022 | $129,468 | Actual |
| 2023 | $136,294 | Actual |
| 2024 | $161,281 | Actual |
| 2025 | $147,652 | Actual |
| 2026(current) | $152,377 | Estimated |
| 2027 | $157,253 | Projected |
Based on 7 years of BLS OEWS data for the Toms River metropolitan area, the median actuary salary grew 20.0% from $123,062 (2019) to $147,652 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $157,253 by 2027 — a total increase of $34,191 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Toms River 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) | $97,741 – $117,587 |
| 3-5 years (Mid Career) | $117,587 – $152,377 |
| 5+ years (Experienced) | $152,377 – $195,043 |
| 10+ years (Top Earner) | $195,043 – $236,185 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Toms River
The actuary job market in Toms River includes around 17 professionals, indicating a modest but focused local community. With a cost of living index of 115.2, actuaries may find their take-home pay impacted, as higher living expenses could diminish purchasing power compared to those in lower-cost areas. Employers in this region, such as health insurance giants like UnitedHealth and Cigna, or property & casualty firms like State Farm, frequently offer some of the highest salaries. The variance in compensations is influenced by credential progression—where passing each exam notably increases salary. For those pursuing either ASA to FSA certification or landing a role in consulting, particularly with firms like Mercer or Aon, a strategic approach to advancing credentials and building expertise in predictive analytics can maximize earnings in this competitive market. Thus, understanding the context of actuary pay in Toms River, NJ, helps set realistic career expectations and pathways for professional growth.
More salary data for Toms River, 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 $147,652 for actuariesin the Toms River 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 Toms River 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