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.