Business & Finance Edison, NJ Pop. 107,588

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

Jersey City, NJ
$155,026
Pop. 292,449
Newark, NJ
$136,788
Pop. 311,549
Elizabeth, NJ
$132,228
Pop. 137,298
Paterson, NJ
$128,809
Pop. 159,732

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.

Find Actuary Jobs in Edison

Browse open actuary positions in Edison, NJ:

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Frequently Asked Questions: Actuary Salary in Edison

How much does a Actuary make in Edison, NJ? ▼
The median actuary salary in Edison, New Jersey is $140,208 per year, which is 23.0% above the national median of $113,990. Salaries range from $84,132 (10th percentile) to $241,092 (90th percentile).
How much does a Actuary make per hour in Edison? ▼
Based on the median annual salary of $140,208, a actuary in Edison earns approximately $67 per hour assuming a standard 2,080-hour work year.
How does Edison compare to the New Jersey state average for actuary pay? ▼
Edison's median actuary salary of $140,208 is 0.0% above the New Jersey state average of $140,208. The local cost of living index is 115% of the national average.
What is the cost of living in Edison, NJ? ▼
Edison has a cost of living index of 115% compared to the national average. This means a actuary salary of $140,208 in Edison has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Edison? ▼
Most actuary positions in Edison 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.