Business & Finance Newark, NJ
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Actuary Salary in Newark, New Jersey
The median actuary salary in Newark, NJ is $136,788 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.
City Median
$136,788
vs State Avg
$-3,420
vs National
+$22,798
Cost of Living
112%
Actuary Salary in Newark by Experience
In Newark, an entry-level actuary earns around $84,000, while experienced professionals earn up to $210,000 per year. The local cost of living index is 112% of the national average.
Entry Level (0-2 yrs)
$84,000
+$14,000 vs national
Mid Level (3-7 yrs)
$138,000
+$23,000 vs national
Senior Level (8+ yrs)
$210,000
+$35,000 vs national
Salary Percentiles in Newark, NJ
| Percentile | Newark |
|---|---|
| 10th Percentile | $82,080 |
| 25th Percentile | $104,640 |
| Median (50th) | $136,788 |
| 75th Percentile | $181,200 |
| 90th Percentile | $235,212 |
Actuary Salary in Other New Jersey Cities
How to Become a Actuary in Newark
Education
Most actuary positions require a bachelor's degree. Newark 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 Newark may vary based on local industry and population growth.