Actuary Salary in West New York, NJ: $153,796 (2026)
Quick Answer:A full-time actuary in West New York, NJ earns a median $153,796/year (≈ $73.94/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in West New York's price level (15% above national, BEA RPP 115.2), that paycheck buys what $133,503 would nationally. Nominal pay sits 0.5% below the New Jersey state average.
Based on BLS state-level estimates · View source
In West New York, New Jersey, actuaries can anticipate a median annual salary of $153,796 in 2026, which reflects a healthy 14.64% increase over the national standard for the same year. The salary range for actuaries in this area is substantial, spanning from $89,202 at the 10th percentile to $238,384 at the 90th percentile. These figures are reflective of local estimates based on 2025 BLS data and adjusted for regional cost of living, which is notably above the national average. With a current employment count of ten actuaries within West New York, the market appears competitive, showing promise for individuals pursuing this career.
About the West New York Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $89,202 | $42.89 |
| Lower Range (P25) | $111,167 | $53.45 |
| Median (P50)(typical) | $153,796 | $73.94 |
| Upper Range (P75) | $196,859 | $94.64 |
| Top Earners (P90) | $238,384 | $114.60 |
Median Salary Position
14.64% above the national average
2026 Salary Percentile Distribution in West New York
In West New York, NJ, the actuary salary spread from the 10th to 90th percentile is $149,182 (2026 est.). At $153,796, the local median is 14.64% above the national median of $134,160.
Salary Calculator
At 40 hours/week in West New York: You'd be in the lower-middle range
How West New York Actuary Pay Compares
West New York median: $153,796/year (2026)
| Compared To | Median Salary | West New York Pays |
|---|---|---|
| New Jersey Average | $154,569 | -0.50% less |
| National Average | $134,160 | +14.64% more |
Actuarys in West New York, NJ earn a median of $153,796 per year (2026 est.), which is 14.64% higher than the national median of $134,160 and 0.50% below the New Jersey state average of $154,569.
Cost-of-Living Adjusted Salary
West New York has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
West New York, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $153,796 is competitive, the higher cost of living reduces purchasing power to an effective $133,503 — a 13.19% reduction.
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2019 BLS Actual
$124,208
2025 BLS Actual
$149,027
2026 Current Est.
$153,796
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in West New York (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $124,208 | Actual |
| 2020 | $127,281 | Actual |
| 2021 | $121,400 | Actual |
| 2022 | $130,674 | Actual |
| 2023 | $137,563 | Actual |
| 2024 | $162,784 | Actual |
| 2025 | $149,027 | Actual |
| 2026(current) | $153,796 | Estimated |
| 2027 | $158,717 | Projected |
Based on 7 years of BLS OEWS data for the West New York metropolitan area, the median actuary salary grew 20.0% from $124,208 (2019) to $149,027 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $158,717 by 2027 — a total increase of $34,509 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the West New York 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) | $89,202 – $111,167 |
| 3-5 years (Mid Career) | $111,167 – $153,796 |
| 5+ years (Experienced) | $153,796 – $196,859 |
| 10+ years (Top Earner) | $196,859 – $238,384 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in West New York
Exam progression profoundly influences the salary dynamics for actuaries in West New York, NJ. Each passed exam can typically increase annual compensation by around $3,000 to $8,000, making it vital for professionals aiming to enhance their earnings. As the cost of living index sits at 115.2, the purchasing power for take-home pay can be impacted, requiring strategic salary negotiations. Notably, life and health insurers like Prudential and MetLife often provide higher compensation than their property and casualty counterparts. Moreover, consulting firms such as Mercer and Aon tend to offer premium salaries, particularly for FSAs and FCAS. To maximize earning potential, actuaries should focus on passing exams swiftly, pursuing specialty areas with higher pay scales, and negotiating opportunities that include study time benefits and signing bonuses attached to credential completion.
More salary data for West New York, NJ:
Frequently Asked Questions
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Can actuaries make $100K in West New York?
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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 $149,027 for actuariesin the West New York 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 West New York 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