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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
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.