Actuary Salary in Niagara Falls, NY: $153,186 (2026)
Quick Answer:A full-time actuary in Niagara Falls, NY earns a median $153,186/year (≈ $73.64/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Niagara Falls's price level (16% above national, BEA RPP 115.9), that paycheck buys what $132,171 would nationally. Nominal pay sits 1.5% below the New York state average.
Based on BLS state-level estimates · View source
In Niagara Falls, New York, actuaries can expect an average annual salary of $153,186 for 2026, marking a notable 14.18% premium over the national median of $134,160. The local pay range is quite diverse, stretching from $93,658 at the lower end to $237,438 for seasoned professionals, reflecting the varied compensation structure within the profession. Existing estimates from 2025 BLS data, adjusted for the region, indicate that even at the lower percentiles, actuary pay in Niagara Falls remains competitive, benefiting from the strong presence of consulting firms such as Milliman and Mercer, which often provide higher salaries compared to insurance companies. This unique environment results in a vibrant job market where the demand for actuaries in both consulting and insurance sectors remains steady.
About the Niagara Falls Market
Salary estimated from New York average ($152,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $93,658 | $45.03 |
| Lower Range (P25) | $114,382 | $55.00 |
| Median (P50)(typical) | $153,186 | $73.64 |
| Upper Range (P75) | $195,143 | $93.82 |
| Top Earners (P90) | $237,438 | $114.15 |
Median Salary Position
14.18% above the national average
2026 Salary Percentile Distribution in Niagara Falls
In Niagara Falls, NY, the actuary salary spread from the 10th to 90th percentile is $143,780 (2026 est.). At $153,186, the local median is 14.18% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Niagara Falls: You'd be in the lower-middle range
How Niagara Falls Actuary Pay Compares
Niagara Falls median: $153,186/year (2026)
| Compared To | Median Salary | Niagara Falls Pays |
|---|---|---|
| New York Average | $155,519 | -1.50% less |
| National Average | $134,160 | +14.18% more |
Actuarys in Niagara Falls, NY earn a median of $153,186 per year (2026 est.), which is 14.18% higher than the national median of $134,160 and 1.50% below the New York state average of $155,519.
Cost-of-Living Adjusted Salary
Niagara Falls has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Niagara Falls, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $153,186 is competitive, the higher cost of living reduces purchasing power to an effective $132,171 — a 13.72% reduction.
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2019 BLS Actual
$123,716
2025 BLS Actual
$148,436
2026 Current Est.
$153,186
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Niagara Falls (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $123,716 | Actual |
| 2020 | $126,776 | Actual |
| 2021 | $120,918 | Actual |
| 2022 | $130,156 | Actual |
| 2023 | $137,018 | Actual |
| 2024 | $173,556 | Actual |
| 2025 | $148,436 | Actual |
| 2026(current) | $153,186 | Estimated |
| 2027 | $158,088 | Projected |
Based on 7 years of BLS OEWS data for the Niagara Falls metropolitan area, the median actuary salary grew 20.0% from $123,716 (2019) to $148,436 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $158,088 by 2027 — a total increase of $34,372 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Niagara Falls 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) | $93,658 – $114,382 |
| 3-5 years (Mid Career) | $114,382 – $153,186 |
| 5+ years (Experienced) | $153,186 – $195,143 |
| 10+ years (Top Earner) | $195,143 – $237,438 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Niagara Falls
With only 10 actuaries employed in the Niagara Falls area, competition for positions can be fierce. The cost of living, measured by a cost of living index of 115.9, slightly elevates the financial demands on these professionals. Notably, life insurance companies like Prudential and MetLife, along with health care firms such as UnitedHealth and Cigna, offer competitive salaries but may not match the premiums offered in consulting roles. The substantial salary range is driven by various factors, including the progression of professional exams, where each milestone can yield an increase in pay. For aspiring actuaries, focusing on critical skills such as predictive analytics can enhance their marketability. Pursuing accelerated study paths and strategically seeking roles that provide study time benefits and signing bonuses for credential completion could lead to greater financial rewards in this specific market.
More salary data for Niagara Falls, 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 $148,436 for actuariesin the Niagara Falls 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 Niagara Falls 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