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Actuary Salary in Boston, Massachusetts
The median actuary salary in Boston, MA is $181,244 per year, which is 59.0% above the national median and 12.0% above the Massachusetts state average.
City Median
$181,244
vs State Avg
+$19,378
vs National
+$67,254
Cost of Living
152%
Actuary Salary in Boston by Experience
In Boston, an entry-level actuary earns around $111,300, while experienced professionals earn up to $278,250 per year. The local cost of living index is 152% of the national average.
Entry Level (0-2 yrs)
$111,300
+$41,300 vs national
Mid Level (3-7 yrs)
$182,850
+$67,850 vs national
Senior Level (8+ yrs)
$278,250
+$103,250 vs national
Salary Percentiles in Boston, MA
| Percentile | Boston |
|---|---|
| 10th Percentile | $108,756 |
| 25th Percentile | $138,648 |
| Median (50th) | $181,244 |
| 75th Percentile | $240,090 |
| 90th Percentile | $311,656 |
Actuary Salary in Other Massachusetts Cities
How to Become a Actuary in Boston
Education
Most actuary positions require a bachelor's degree. Boston and the surrounding Massachusetts 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 Boston may vary based on local industry and population growth.