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.
Actuary Pay in Newark: What to Expect (2026)
Newark offers a median actuary salary of $136,788, which is $3,420 below the New Jersey state average of $140,208. Compared to the national median of $113,990, Newark pays above average for this role.
However, Newark's cost of living index is 112%, significantly above the national average. After adjusting for local costs, the $136,788 salary has an effective purchasing power of approximately $122,132. Housing, transportation, and food costs in Newark should be factored into any relocation or job-change decision.
The salary range for actuarys in Newark spans from $82,080 at the 10th percentile to $235,212 at the 90th percentile — a $153,132 spread. Entry-level professionals start around $84,000, while senior actuarys with 8+ years of experience can earn up to $210,000. With a population of 311,549, Newark is a mid-sized metro with a growing job market.
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.
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
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.
Find Actuary Jobs in Newark
Browse open actuary positions in Newark, NJ: