Actuary Salary in Syracuse, NY: $104,676 (2026)
Quick Answer:A full-time actuary in Syracuse, NY earns a median $104,676/year (≈ $50.33/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Syracuse's price level (4% below national, BEA RPP 95.7), that paycheck buys what $109,331 would nationally. Nominal pay sits 32.7% below the New York state average.
Official BLS data · View source
In Syracuse, actuaries can expect a median annual salary of $104,676 in 2026, which reflects a significant disparity compared to the national median of $134,160. The salary range for actuaries in this region spans from $53,540 at the lower 10th percentile to $216,379 at the 90th percentile. These figures, derived from official BLS OEWS surveys, highlight the local variance in compensation and indicate that actuaries in Syracuse generally earn less compared to their counterparts nationwide. As the job market evolves, professionals may favor life or health specialties through the SOA, seeking positions in firms that require those skills, especially as demand for data-driven analysis rises.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $53,540 | $25.74 |
| Lower Range (P25) | $65,553 | $31.52 |
| Median (P50)(typical) | $104,676 | $50.33 |
| Upper Range (P75) | $165,192 | $79.42 |
| Top Earners (P90) | $216,379 | $104.03 |
Median Salary Position
21.98% below the national average
2026 Salary Percentile Distribution in Syracuse
In Syracuse, NY, the actuary salary spread from the 10th to 90th percentile is $162,839 (2026 est.). At $104,676, the local median is 21.98% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Syracuse: You'd be in the lower-middle range
How Syracuse Actuary Pay Compares
Syracuse median: $104,676/year (2026)
| Compared To | Median Salary | Syracuse Pays |
|---|---|---|
| New York Average | $155,536 | -32.70% less |
| National Average | $134,160 | -21.98% less |
Actuarys in Syracuse, NY earn a median of $104,676 per year (2026 est.), which is 21.98% lower than the national median of $134,160 and 32.70% below the New York state average of $155,536.
Cost-of-Living Adjusted Salary
Syracuse has a cost of living 4.26% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Syracuse, NY has a cost-of-living index of 95.742 (below the national average of 100). A actuary earning $104,676 nominally has purchasing power equivalent to $109,331 in an average-cost city — an effective 4.45% boost.
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2019 BLS Actual
$102,140
2025 BLS Actual
$101,430
2026 Current Est.
$104,676
2019–2027 Growth
+5.8%
Salary Trajectory for Actuaries in Syracuse (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,140 | Actual |
| 2020 | $67,140 | Actual |
| 2021 | $80,290 | Actual |
| 2022 | $83,050 | Actual |
| 2023 | $100,880 | Actual |
| 2024 | $106,660 | Actual |
| 2025 | $101,430 | Actual |
| 2026(current) | $104,676 | Estimated |
| 2027 | $108,025 | Projected |
Based on 7 years of BLS OEWS data for the Syracuse metropolitan area, the median actuary salary grew -0.7% from $102,140 (2019) to $101,430 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $108,025 by 2027 — a total increase of $5,885 (5.76%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Syracuse 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) | $53,540 – $65,553 |
| 3-5 years (Mid Career) | $65,553 – $104,676 |
| 5+ years (Experienced) | $104,676 – $165,192 |
| 10+ years (Top Earner) | $165,192 – $216,379 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Syracuse
Taking a closer look at the Syracuse job market, there are approximately 110 actuaries employed locally, which attests to a stable demand for these professionals. The cost of living index in Syracuse stands at 95.742, suggesting that the purchasing power for actuaries may be more favorable than in costlier cities. Notably, some of the highest salaries can be found with life and health insurance companies like Prudential and MetLife, as well as prominent consulting firms such as Aon and Mercer. Factors that contribute to salary variations include the pathway to professional credentials—passing exams can yield substantial increases in pay—and the choice of specialty, with property and casualty reinsurers often paying more than life and pension sectors. To maximize earning potential in this market, actuaries should focus on advancing their credentials, particularly moving from ASA to FSA, while also considering skill sets that align with current industry trends in analytics and risk management.
More salary data for Syracuse, 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 $101,430 for actuariesin the Syracuse 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
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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