Actuary Salary in Newburgh, NY: $147,551 (2026)
Quick Answer:A full-time actuary in Newburgh, NY earns a median $147,551/year (≈ $70.94/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Newburgh's price level (16% above national, BEA RPP 115.9), that paycheck buys what $127,309 would nationally. Nominal pay sits 5.1% below the New York state average.
Based on BLS state-level estimates · View source
In Newburgh, NY, actuaries can expect a competitive median pay of $147,551 in 2026, reflecting an encouraging position compared to the national median of $134,160. The salary range for this profession is quite broad, extending from $93,289 at the 10th percentile to $228,705 at the 90th percentile. These figures, derived from 2025 BLS data projected to 2026, show how local estimates account for regional economic conditions, making Newburgh an appealing location for actuarial professionals. Given the diverse opportunities available, particularly in consulting firms like Milliman and Mercer, actuaries in Newburgh can find lucrative positions that reflect their advanced skills and qualifications, especially at the FSA level.
About the Newburgh Market
Salary estimated from New York average ($152,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $93,289 | $44.85 |
| Lower Range (P25) | $112,447 | $54.06 |
| Median (P50)(typical) | $147,551 | $70.94 |
| Upper Range (P75) | $188,865 | $90.81 |
| Top Earners (P90) | $228,705 | $109.95 |
Median Salary Position
9.98% above the national average
2026 Salary Percentile Distribution in Newburgh
In Newburgh, NY, the actuary salary spread from the 10th to 90th percentile is $135,416 (2026 est.). At $147,551, the local median is 9.98% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Newburgh: You'd be in the lower-middle range
How Newburgh Actuary Pay Compares
Newburgh median: $147,551/year (2026)
| Compared To | Median Salary | Newburgh Pays |
|---|---|---|
| New York Average | $155,481 | -5.10% less |
| National Average | $134,160 | +9.98% more |
Actuarys in Newburgh, NY earn a median of $147,551 per year (2026 est.), which is 9.98% higher than the national median of $134,160 and 5.10% below the New York state average of $155,481.
Cost-of-Living Adjusted Salary
Newburgh has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Newburgh, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $147,551 is competitive, the higher cost of living reduces purchasing power to an effective $127,309 — a 13.72% reduction.
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2019 BLS Actual
$119,165
2025 BLS Actual
$142,976
2026 Current Est.
$147,551
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Newburgh (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $119,165 | Actual |
| 2020 | $122,113 | Actual |
| 2021 | $116,470 | Actual |
| 2022 | $125,368 | Actual |
| 2023 | $131,978 | Actual |
| 2024 | $167,171 | Actual |
| 2025 | $142,976 | Actual |
| 2026(current) | $147,551 | Estimated |
| 2027 | $152,273 | Projected |
Based on 7 years of BLS OEWS data for the Newburgh metropolitan area, the median actuary salary grew 20.0% from $119,165 (2019) to $142,976 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $152,273 by 2027 — a total increase of $33,108 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Newburgh 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) | $93,289 – $112,447 |
| 3-5 years (Mid Career) | $112,447 – $147,551 |
| 5+ years (Experienced) | $147,551 – $188,865 |
| 10+ years (Top Earner) | $188,865 – $228,705 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Newburgh
Considering the current job market, Newburgh employs six actuaries, which may appear limited yet suggests a specialized niche for those looking to enter the field. The cost of living index for Newburgh is at 115.9, indicating that while salaries are competitive, housing and everyday expenses may be higher than the national average. Life insurance companies such as Prudential and MetLife, along with health insurers like UnitedHealth, are among the top employers that could offer higher compensation within the area. The notable variance in pay can be influenced by credential levels; actuaries who achieve their Fellowship (FSA) often see significant increases in compensation. Moreover, understanding the exam progression system is crucial for maximizing earnings; each exam passed can yield between $3,000-$8,000 in raises. Therefore, aspiring actuaries in Newburgh should focus on not only passing exams but also developing niche skills in analytics and consulting to enhance their employability and earning potential further.
More salary data for Newburgh, NY:
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 $142,976 for actuariesin the Newburgh 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 Newburgh 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