Business & Finance Elizabeth, NJ Pop. 137,298

Actuary Salary in Elizabeth, New Jersey

The median actuary salary in Elizabeth, NJ is $132,228 per year, which is 16.0% above the national median and 5.7% below the New Jersey state average.

City Median
$132,228
vs State Avg
$-7,980
vs National
+$18,238
Cost of Living
108%

Actuary Salary in Elizabeth by Experience

In Elizabeth, an entry-level actuary earns around $81,200, while experienced professionals earn up to $203,000 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$81,200
+$11,200 vs national
Mid Level (3-7 yrs)
$133,400
+$18,400 vs national
Senior Level (8+ yrs)
$203,000
+$28,000 vs national

Salary Percentiles in Elizabeth, NJ

Percentile Elizabeth
10th Percentile $79,344
25th Percentile $101,152
Median (50th) $132,228
75th Percentile $175,160
90th Percentile $227,372

Actuary Salary in Other New Jersey Cities

Jersey City, NJ
$155,026
Pop. 292,449
Edison, NJ
$140,208
Pop. 107,588
Newark, NJ
$136,788
Pop. 311,549
Paterson, NJ
$128,809
Pop. 159,732

How to Become a Actuary in Elizabeth

Education

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

Find Actuary Jobs in Elizabeth

Browse open actuary positions in Elizabeth, NJ:

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Frequently Asked Questions: Actuary Salary in Elizabeth

How much does a Actuary make in Elizabeth, NJ? ▼
The median actuary salary in Elizabeth, New Jersey is $132,228 per year, which is 16.0% above the national median of $113,990. Salaries range from $79,344 (10th percentile) to $227,372 (90th percentile).
How much does a Actuary make per hour in Elizabeth? ▼
Based on the median annual salary of $132,228, a actuary in Elizabeth earns approximately $64 per hour assuming a standard 2,080-hour work year.
How does Elizabeth compare to the New Jersey state average for actuary pay? ▼
Elizabeth's median actuary salary of $132,228 is 5.7% below the New Jersey state average of $140,208. The local cost of living index is 108% of the national average.
What is the cost of living in Elizabeth, NJ? ▼
Elizabeth has a cost of living index of 108% compared to the national average. This means a actuary salary of $132,228 in Elizabeth has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Elizabeth? ▼
Most actuary positions in Elizabeth 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.