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
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.