Business & Finance Springfield, MA Pop. 155,929

Actuary Salary in Springfield, Massachusetts

The median actuary salary in Springfield, MA is $119,690 per year, which is 5.0% above the national median and 26.1% below the Massachusetts state average.

City Median
$119,690
vs State Avg
$-42,176
vs National
+$5,700
Cost of Living
98%

Actuary Salary in Springfield by Experience

In Springfield, an entry-level actuary earns around $73,500, while experienced professionals earn up to $183,750 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$73,500
+$3,500 vs national
Mid Level (3-7 yrs)
$120,750
+$5,750 vs national
Senior Level (8+ yrs)
$183,750
+$8,750 vs national

Salary Percentiles in Springfield, MA

Percentile Springfield
10th Percentile $71,820
25th Percentile $91,560
Median (50th) $119,690
75th Percentile $158,550
90th Percentile $205,811

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
Lowell, MA
$127,669
Pop. 115,554

How to Become a Actuary in Springfield

Education

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

Find Actuary Jobs in Springfield

Browse open actuary positions in Springfield, MA:

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Frequently Asked Questions: Actuary Salary in Springfield

How much does a Actuary make in Springfield, MA? ▼
The median actuary salary in Springfield, Massachusetts is $119,690 per year, which is 5.0% above the national median of $113,990. Salaries range from $71,820 (10th percentile) to $205,811 (90th percentile).
How much does a Actuary make per hour in Springfield? ▼
Based on the median annual salary of $119,690, a actuary in Springfield earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Massachusetts state average for actuary pay? ▼
Springfield's median actuary salary of $119,690 is 26.1% below the Massachusetts state average of $161,866. The local cost of living index is 98% of the national average.
What is the cost of living in Springfield, MA? ▼
Springfield has a cost of living index of 98% compared to the national average. This means a actuary salary of $119,690 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Springfield? ▼
Most actuary positions in Springfield 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.