Actuary Salary in Utica, NY: $150,482 (2026)
Quick Answer:A full-time actuary in Utica, NY earns a median $150,482/year (≈ $72.34/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Utica's price level (16% above national, BEA RPP 115.9), that paycheck buys what $129,838 would nationally. Nominal pay sits 3.2% below the New York state average.
Based on BLS state-level estimates · View source
In 2026, the projected median salary for actuaries in Utica, New York is $150,482, which notably surpasses the national median of $134,160 by over 12%. The salary range for this profession in Utica reflects a notable gradient; entry-level positions earn approximately $92,114, while highly experienced professionals can command as much as $233,247 annually. These figures, derived from state-level BLS data and adjusted for regional price parity, suggest a robust market for actuaries in Utica. The difference in compensation often stems from the type of employer, with consulting firms like Milliman and Mercer typically offering higher pay compared to traditional insurers. As such, the local job market supports a variety of career trajectories within the actuarial profession.
About the Utica Market
Salary estimated from New York average ($152,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $92,114 | $44.28 |
| Lower Range (P25) | $112,817 | $54.24 |
| Median (P50)(typical) | $150,482 | $72.34 |
| Upper Range (P75) | $192,617 | $92.60 |
| Top Earners (P90) | $233,247 | $112.14 |
Median Salary Position
12.17% above the national average
2026 Salary Percentile Distribution in Utica
In Utica, NY, the actuary salary spread from the 10th to 90th percentile is $141,133 (2026 est.). At $150,482, the local median is 12.17% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Utica: You'd be in the lower-middle range
How Utica Actuary Pay Compares
Utica median: $150,482/year (2026)
| Compared To | Median Salary | Utica Pays |
|---|---|---|
| New York Average | $155,457 | -3.20% less |
| National Average | $134,160 | +12.17% more |
Actuarys in Utica, NY earn a median of $150,482 per year (2026 est.), which is 12.17% higher than the national median of $134,160 and 3.20% below the New York state average of $155,457.
Cost-of-Living Adjusted Salary
Utica has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Utica, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $150,482 is competitive, the higher cost of living reduces purchasing power to an effective $129,838 — a 13.72% reduction.
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2019 BLS Actual
$121,532
2025 BLS Actual
$145,816
2026 Current Est.
$150,482
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Utica (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $121,532 | Actual |
| 2020 | $124,538 | Actual |
| 2021 | $118,784 | Actual |
| 2022 | $103,000 | Actual |
| 2023 | $87,570 | Actual |
| 2024 | $89,990 | Actual |
| 2025 | $145,816 | Actual |
| 2026(current) | $150,482 | Estimated |
| 2027 | $155,298 | Projected |
Based on 7 years of BLS OEWS data for the Utica metropolitan area, the median actuary salary grew 20.0% from $121,532 (2019) to $145,816 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $155,298 by 2027 — a total increase of $33,766 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Utica 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) | $92,114 – $112,817 |
| 3-5 years (Mid Career) | $112,817 – $150,482 |
| 5+ years (Experienced) | $150,482 – $192,617 |
| 10+ years (Top Earner) | $192,617 – $233,247 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Utica
The actuarial job market in Utica is characterized by the employment of around ten actuaries, indicating a tight-knit community where competition can be significant yet rewarding. With a cost of living index at 115.9, professionals may find that their take-home purchasing power is influenced by local expenses, but this index still supports a favorable financial position in comparison to national averages. To maximize actuary pay in Utica, candidates should focus on advancing through the exam progression, where each passed exam can contribute an additional $3,000 to $8,000 in salary increases. Credential completions, especially progressing from ASA to FSA, open doors to higher salary brackets, particularly within consulting roles. Developing specialized skills in predictive analytics and data science can further enhance employability and salary potential. Being strategic about employer choice and ongoing professional development is key for actuaries seeking to optimize their earnings in this growing market.
More salary data for Utica, 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 $145,816 for actuariesin the Utica 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 Utica 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