Business & Finance Lowell, MA Pop. 115,554

Actuary Salary in Lowell, Massachusetts

The median actuary salary in Lowell, MA is $127,669 per year, which is 12.0% above the national median and 21.1% below the Massachusetts state average.

City Median
$127,669
vs State Avg
$-34,197
vs National
+$13,679
Cost of Living
105%

Actuary Salary in Lowell by Experience

In Lowell, an entry-level actuary earns around $78,400, while experienced professionals earn up to $196,000 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$78,400
+$8,400 vs national
Mid Level (3-7 yrs)
$128,800
+$13,800 vs national
Senior Level (8+ yrs)
$196,000
+$21,000 vs national

Salary Percentiles in Lowell, MA

Percentile Lowell
10th Percentile $76,608
25th Percentile $97,664
Median (50th) $127,669
75th Percentile $169,120
90th Percentile $219,531

Actuary Salary in Other Massachusetts Cities

Cambridge, MA
$190,363
Pop. 118,403
Boston, MA
$181,244
Pop. 675,647
Worcester, MA
$133,368
Pop. 206,518
Springfield, MA
$119,690
Pop. 155,929

How to Become a Actuary in Lowell

Education

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

Find Actuary Jobs in Lowell

Browse open actuary positions in Lowell, MA:

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Frequently Asked Questions: Actuary Salary in Lowell

How much does a Actuary make in Lowell, MA? ▼
The median actuary salary in Lowell, Massachusetts is $127,669 per year, which is 12.0% above the national median of $113,990. Salaries range from $76,608 (10th percentile) to $219,531 (90th percentile).
How much does a Actuary make per hour in Lowell? ▼
Based on the median annual salary of $127,669, a actuary in Lowell earns approximately $61 per hour assuming a standard 2,080-hour work year.
How does Lowell compare to the Massachusetts state average for actuary pay? ▼
Lowell's median actuary salary of $127,669 is 21.1% below the Massachusetts state average of $161,866. The local cost of living index is 105% of the national average.
What is the cost of living in Lowell, MA? ▼
Lowell has a cost of living index of 105% compared to the national average. This means a actuary salary of $127,669 in Lowell has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Lowell? ▼
Most actuary positions in Lowell 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.