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.