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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
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.