Business & Finance Lowell, MA
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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
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.