Business & Finance Newark, DE Pop. 33,398

Actuary Salary in Newark, Delaware

The median actuary salary in Newark, DE is $121,969 per year, which is 7.0% above the national median and 0.9% above the Delaware state average.

City Median
$121,969
vs State Avg
+$1,140
vs National
+$7,979
Cost of Living
102%

Actuary Salary in Newark by Experience

In Newark, an entry-level actuary earns around $74,900, while experienced professionals earn up to $187,250 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$74,900
+$4,900 vs national
Mid Level (3-7 yrs)
$123,050
+$8,050 vs national
Senior Level (8+ yrs)
$187,250
+$12,250 vs national

Salary Percentiles in Newark, DE

Percentile Newark
10th Percentile $73,188
25th Percentile $93,304
Median (50th) $121,969
75th Percentile $161,570
90th Percentile $209,731

Actuary Salary in Other Delaware Cities

Wilmington, DE
$125,389
Pop. 70,898
Bear, DE
$118,550
Pop. 21,000
Middletown, DE
$117,410
Pop. 22,350
Dover, DE
$115,130
Pop. 39,403

How to Become a Actuary in Newark

Education

Most actuary positions require a bachelor's degree. Newark and the surrounding Delaware area have institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Demand in Newark may vary based on local industry and population growth.

Find Actuary Jobs in Newark

Browse open actuary positions in Newark, DE:

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Frequently Asked Questions: Actuary Salary in Newark

How much does a Actuary make in Newark, DE? ▼
The median actuary salary in Newark, Delaware is $121,969 per year, which is 7.0% above the national median of $113,990. Salaries range from $73,188 (10th percentile) to $209,731 (90th percentile).
How much does a Actuary make per hour in Newark? ▼
Based on the median annual salary of $121,969, a actuary in Newark earns approximately $59 per hour assuming a standard 2,080-hour work year.
How does Newark compare to the Delaware state average for actuary pay? ▼
Newark's median actuary salary of $121,969 is 0.9% above the Delaware state average of $120,829. The local cost of living index is 102% of the national average.
What is the cost of living in Newark, DE? ▼
Newark has a cost of living index of 102% compared to the national average. This means a actuary salary of $121,969 in Newark has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Newark? ▼
Most actuary positions in Newark require a bachelor's degree. Key skills include Statistical Modeling, Risk Assessment, Financial Mathematics, Excel/VBA. The job market is projected to grow 21% nationally over the next decade.