Business & Finance Albany, NY Pop. 99,224

Actuary Salary in Albany, New York

The median actuary salary in Albany, NY is $125,389 per year, which is 10.0% above the national median and 17.9% below the New York state average.

City Median
$125,389
vs State Avg
$-27,358
vs National
+$11,399
Cost of Living
98%

Actuary Salary in Albany by Experience

In Albany, an entry-level actuary earns around $77,000, while experienced professionals earn up to $192,500 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$77,000
+$7,000 vs national
Mid Level (3-7 yrs)
$126,500
+$11,500 vs national
Senior Level (8+ yrs)
$192,500
+$17,500 vs national

Salary Percentiles in Albany, NY

Percentile Albany
10th Percentile $75,240
25th Percentile $95,920
Median (50th) $125,389
75th Percentile $166,100
90th Percentile $215,611

Actuary Salary in Other New York Cities

New York City, NY
$226,840
Pop. 8,336,817
Yonkers, NY
$167,565
Pop. 211,569
Buffalo, NY
$118,550
Pop. 278,349
Rochester, NY
$116,270
Pop. 211,328

How to Become a Actuary in Albany

Education

Most actuary positions require a bachelor's degree. Albany and the surrounding New York 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 Albany may vary based on local industry and population growth.

Find Actuary Jobs in Albany

Browse open actuary positions in Albany, NY:

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Frequently Asked Questions: Actuary Salary in Albany

How much does a Actuary make in Albany, NY? ▼
The median actuary salary in Albany, New York is $125,389 per year, which is 10.0% above the national median of $113,990. Salaries range from $75,240 (10th percentile) to $215,611 (90th percentile).
How much does a Actuary make per hour in Albany? ▼
Based on the median annual salary of $125,389, a actuary in Albany earns approximately $60 per hour assuming a standard 2,080-hour work year.
How does Albany compare to the New York state average for actuary pay? ▼
Albany's median actuary salary of $125,389 is 17.9% below the New York state average of $152,747. The local cost of living index is 98% of the national average.
What is the cost of living in Albany, NY? ▼
Albany has a cost of living index of 98% compared to the national average. This means a actuary salary of $125,389 in Albany has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Albany? ▼
Most actuary positions in Albany 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.