Actuary Salary in Paterson, New Jersey
The median actuary salary in Paterson, NJ is $128,809 per year, which is 13.0% above the national median and 8.1% below the New Jersey state average.
Actuary Pay in Paterson: What to Expect (2026)
Paterson offers a median actuary salary of $128,809, which is $11,399 below the New Jersey state average of $140,208. Compared to the national median of $113,990, Paterson pays above average for this role.
Paterson's cost of living is 105% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.
The salary range for actuarys in Paterson spans from $77,292 at the 10th percentile to $221,491 at the 90th percentile — a $144,199 spread. Entry-level professionals start around $79,100, while senior actuarys with 8+ years of experience can earn up to $197,750. With a population of 159,732, Paterson is a mid-sized metro with a growing job market.
Actuary Salary in Paterson by Experience
In Paterson, an entry-level actuary earns around $79,100, while experienced professionals earn up to $197,750 per year. The local cost of living index is 105% of the national average.
Salary Percentiles in Paterson, NJ
| Percentile | Paterson |
|---|---|
| 10th Percentile | $77,292 |
| 25th Percentile | $98,536 |
| Median (50th) | $128,809 |
| 75th Percentile | $170,630 |
| 90th Percentile | $221,491 |
Actuary Salary in Other New Jersey Cities
How to Become a Actuary in Paterson
Education
Most actuary positions require a bachelor's degree. Paterson 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 Paterson may vary based on local industry and population growth.
Find Actuary Jobs in Paterson
Browse open actuary positions in Paterson, NJ: