Business & Finance Buffalo, NY Pop. 278,349

Actuary Salary in Buffalo, New York

The median actuary salary in Buffalo, NY is $118,550 per year, which is 4.0% above the national median and 22.4% below the New York state average.

City Median
$118,550
vs State Avg
$-34,197
vs National
+$4,560
Cost of Living
92%

Actuary Salary in Buffalo by Experience

In Buffalo, an entry-level actuary earns around $72,800, while experienced professionals earn up to $182,000 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$72,800
+$2,800 vs national
Mid Level (3-7 yrs)
$119,600
+$4,600 vs national
Senior Level (8+ yrs)
$182,000
+$7,000 vs national

Salary Percentiles in Buffalo, NY

Percentile Buffalo
10th Percentile $71,136
25th Percentile $90,688
Median (50th) $118,550
75th Percentile $157,040
90th Percentile $203,850

Actuary Salary in Other New York Cities

New York City, NY
$226,840
Pop. 8,336,817
Yonkers, NY
$167,565
Pop. 211,569
Albany, NY
$125,389
Pop. 99,224
Rochester, NY
$116,270
Pop. 211,328

How to Become a Actuary in Buffalo

Education

Most actuary positions require a bachelor's degree. Buffalo 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 Buffalo may vary based on local industry and population growth.

Find Actuary Jobs in Buffalo

Browse open actuary positions in Buffalo, NY:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Buffalo

How much does a Actuary make in Buffalo, NY? ▼
The median actuary salary in Buffalo, New York is $118,550 per year, which is 4.0% above the national median of $113,990. Salaries range from $71,136 (10th percentile) to $203,850 (90th percentile).
How much does a Actuary make per hour in Buffalo? ▼
Based on the median annual salary of $118,550, a actuary in Buffalo earns approximately $57 per hour assuming a standard 2,080-hour work year.
How does Buffalo compare to the New York state average for actuary pay? ▼
Buffalo's median actuary salary of $118,550 is 22.4% below the New York state average of $152,747. The local cost of living index is 92% of the national average.
What is the cost of living in Buffalo, NY? ▼
Buffalo has a cost of living index of 92% compared to the national average. This means a actuary salary of $118,550 in Buffalo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Buffalo? ▼
Most actuary positions in Buffalo 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.