Business & Finance Edison, NJ
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Actuary Salary in Edison, New Jersey
The median actuary salary in Edison, NJ is $140,208 per year, which is 23.0% above the national median and 0.0% above the New Jersey state average.
City Median
$140,208
vs State Avg
+$0
vs National
+$26,218
Cost of Living
115%
Actuary Salary in Edison by Experience
In Edison, an entry-level actuary earns around $86,100, while experienced professionals earn up to $215,250 per year. The local cost of living index is 115% of the national average.
Entry Level (0-2 yrs)
$86,100
+$16,100 vs national
Mid Level (3-7 yrs)
$141,450
+$26,450 vs national
Senior Level (8+ yrs)
$215,250
+$40,250 vs national
Salary Percentiles in Edison, NJ
| Percentile | Edison |
|---|---|
| 10th Percentile | $84,132 |
| 25th Percentile | $107,256 |
| Median (50th) | $140,208 |
| 75th Percentile | $185,730 |
| 90th Percentile | $241,092 |
Actuary Salary in Other New Jersey Cities
How to Become a Actuary in Edison
Education
Most actuary positions require a bachelor's degree. Edison and the surrounding New Jersey 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 Edison may vary based on local industry and population growth.