Business & Finance Cambridge, MA Pop. 118,403

Actuary Salary in Cambridge, Massachusetts

The median actuary salary in Cambridge, MA is $190,363 per year, which is 67.0% above the national median and 17.6% above the Massachusetts state average.

City Median
$190,363
vs State Avg
+$28,497
vs National
+$76,373
Cost of Living
160%

Actuary Salary in Cambridge by Experience

In Cambridge, an entry-level actuary earns around $116,900, while experienced professionals earn up to $292,250 per year. The local cost of living index is 160% of the national average.

Entry Level (0-2 yrs)
$116,900
+$46,900 vs national
Mid Level (3-7 yrs)
$192,050
+$77,050 vs national
Senior Level (8+ yrs)
$292,250
+$117,250 vs national

Salary Percentiles in Cambridge, MA

Percentile Cambridge
10th Percentile $114,228
25th Percentile $145,624
Median (50th) $190,363
75th Percentile $252,170
90th Percentile $327,337

Actuary Salary in Other Massachusetts Cities

Boston, MA
$181,244
Pop. 675,647
Worcester, MA
$133,368
Pop. 206,518
Lowell, MA
$127,669
Pop. 115,554
Springfield, MA
$119,690
Pop. 155,929

How to Become a Actuary in Cambridge

Education

Most actuary positions require a bachelor's degree. Cambridge 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 Cambridge may vary based on local industry and population growth.

Find Actuary Jobs in Cambridge

Browse open actuary positions in Cambridge, MA:

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Frequently Asked Questions: Actuary Salary in Cambridge

How much does a Actuary make in Cambridge, MA? ▼
The median actuary salary in Cambridge, Massachusetts is $190,363 per year, which is 67.0% above the national median of $113,990. Salaries range from $114,228 (10th percentile) to $327,337 (90th percentile).
How much does a Actuary make per hour in Cambridge? ▼
Based on the median annual salary of $190,363, a actuary in Cambridge earns approximately $92 per hour assuming a standard 2,080-hour work year.
How does Cambridge compare to the Massachusetts state average for actuary pay? ▼
Cambridge's median actuary salary of $190,363 is 17.6% above the Massachusetts state average of $161,866. The local cost of living index is 160% of the national average.
What is the cost of living in Cambridge, MA? ▼
Cambridge has a cost of living index of 160% compared to the national average. This means a actuary salary of $190,363 in Cambridge has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Cambridge? ▼
Most actuary positions in Cambridge 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.