Actuary Salary in Woodbridge, NJ: $156,641 (2026)
Quick Answer:A full-time actuary in Woodbridge, NJ earns a median $156,641/year (≈ $75.31/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Woodbridge's price level (15% above national, BEA RPP 115.2), that paycheck buys what $135,973 would nationally. Nominal pay sits 1.4% above the New Jersey state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Woodbridge, New Jersey, can expect a median annual salary of $156,641, surpassing the national median of $134,160 by a notable margin of 16.76%. The salary range for this profession in Woodbridge is compelling, with figures spanning from $90,852 at the 10th percentile to as high as $242,793 at the 90th percentile. These estimates, based on 2025 BLS data projected to 2026, reflect the competitive nature of the local job market, which often sees higher pay at consulting firms like Milliman and Mercer compared to traditional insurance companies. Understanding this pay gradient is essential for aspiring actuaries to navigate their career paths effectively in Woodbridge.
About the Woodbridge Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $90,852 | $43.67 |
| Lower Range (P25) | $121,102 | $58.23 |
| Median (P50)(typical) | $156,641 | $75.31 |
| Upper Range (P75) | $200,501 | $96.40 |
| Top Earners (P90) | $242,793 | $116.73 |
Median Salary Position
16.76% above the national average
2026 Salary Percentile Distribution in Woodbridge
In Woodbridge, NJ, the actuary salary spread from the 10th to 90th percentile is $151,941 (2026 est.). At $156,641, the local median is 16.76% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Woodbridge: You'd be in the lower-middle range
How Woodbridge Actuary Pay Compares
Woodbridge median: $156,641/year (2026)
| Compared To | Median Salary | Woodbridge Pays |
|---|---|---|
| New Jersey Average | $154,478 | +1.40% more |
| National Average | $134,160 | +16.76% more |
Actuarys in Woodbridge, NJ earn a median of $156,641 per year (2026 est.), which is 16.76% higher than the national median of $134,160 and 1.40% above the New Jersey state average of $154,478.
Cost-of-Living Adjusted Salary
Woodbridge has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Woodbridge, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $156,641 is competitive, the higher cost of living reduces purchasing power to an effective $135,973 — a 13.19% reduction.
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2019 BLS Actual
$126,506
2025 BLS Actual
$151,784
2026 Current Est.
$156,641
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Woodbridge (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $126,506 | Actual |
| 2020 | $129,635 | Actual |
| 2021 | $123,646 | Actual |
| 2022 | $133,091 | Actual |
| 2023 | $140,108 | Actual |
| 2024 | $165,795 | Actual |
| 2025 | $151,784 | Actual |
| 2026(current) | $156,641 | Estimated |
| 2027 | $161,654 | Projected |
Based on 7 years of BLS OEWS data for the Woodbridge metropolitan area, the median actuary salary grew 20.0% from $126,506 (2019) to $151,784 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $161,654 by 2027 — a total increase of $35,148 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Woodbridge 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) | $90,852 – $121,102 |
| 3-5 years (Mid Career) | $121,102 – $156,641 |
| 5+ years (Experienced) | $156,641 – $200,501 |
| 10+ years (Top Earner) | $200,501 – $242,793 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Woodbridge
With 25 actuaries currently employed in the area, the job market in Woodbridge offers a unique dynamic heavily influenced by the cost-of-living index, which stands at 115.2—indicating that living expenses are higher than the national average. This increased cost can affect purchasing power, making salary negotiations even more critical. Employers across various sectors provide differing pay scales, with firms in life insurance, like Prudential and MetLife, and reinsurance companies, such as Munich Re and Swiss Re, typically offering more lucrative compensation packages. The disparity in salaries often hinges on exam progression, where achieving each exam milestone translates into an increase of $3,000 to $8,000 in pay—a crucial consideration for actuaries looking to optimize their earnings in Woodbridge, NJ. Gaining skills in predictive analytics or data science can also enhance an actuary's marketability and potential for higher compensation.
More salary data for Woodbridge, 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 $151,784 for actuariesin the Woodbridge 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 Woodbridge 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