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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
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.