Business & Finance Worcester, MA Pop. 206,518

Actuary Salary in Worcester, Massachusetts

The median actuary salary in Worcester, MA is $133,368 per year, which is 17.0% above the national median and 17.6% below the Massachusetts state average.

City Median
$133,368
vs State Avg
$-28,498
vs National
+$19,378
Cost of Living
110%

Actuary Salary in Worcester by Experience

In Worcester, an entry-level actuary earns around $81,900, while experienced professionals earn up to $204,750 per year. The local cost of living index is 110% of the national average.

Entry Level (0-2 yrs)
$81,900
+$11,900 vs national
Mid Level (3-7 yrs)
$134,550
+$19,550 vs national
Senior Level (8+ yrs)
$204,750
+$29,750 vs national

Salary Percentiles in Worcester, MA

Percentile Worcester
10th Percentile $80,028
25th Percentile $102,024
Median (50th) $133,368
75th Percentile $176,670
90th Percentile $229,332

Actuary Salary in Other Massachusetts Cities

Cambridge, MA
$190,363
Pop. 118,403
Boston, MA
$181,244
Pop. 675,647
Lowell, MA
$127,669
Pop. 115,554
Springfield, MA
$119,690
Pop. 155,929

How to Become a Actuary in Worcester

Education

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

Find Actuary Jobs in Worcester

Browse open actuary positions in Worcester, MA:

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Frequently Asked Questions: Actuary Salary in Worcester

How much does a Actuary make in Worcester, MA? ▼
The median actuary salary in Worcester, Massachusetts is $133,368 per year, which is 17.0% above the national median of $113,990. Salaries range from $80,028 (10th percentile) to $229,332 (90th percentile).
How much does a Actuary make per hour in Worcester? ▼
Based on the median annual salary of $133,368, a actuary in Worcester earns approximately $64 per hour assuming a standard 2,080-hour work year.
How does Worcester compare to the Massachusetts state average for actuary pay? ▼
Worcester's median actuary salary of $133,368 is 17.6% below the Massachusetts state average of $161,866. The local cost of living index is 110% of the national average.
What is the cost of living in Worcester, MA? ▼
Worcester has a cost of living index of 110% compared to the national average. This means a actuary salary of $133,368 in Worcester has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Worcester? ▼
Most actuary positions in Worcester 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.