Actuary Salary in Massachusetts
State-level salary data from BLS OES and H-1B filings
Median Annual Salary (MA)
$126,040
$60.60/hr
vs National Average
$124,781
+1.0% vs national median
Salary Range (10th–90th)
$84K – $180K
Actuaries in Massachusetts earn a median salary of $126,040 per year, which is 1% above the national average. This competitive compensation reflects the state's strong financial services sector and concentration of insurance companies. Understanding actuary salary in Massachusetts provides valuable insight into compensation within this specialized field.
Several factors influence actuary salary in Massachusetts, including professional certifications, years of experience, and specific industry sector. Employers in insurance, healthcare, and pension planning often offer varying compensation packages. Educational background, exam progression, and individual performance also play significant roles in determining where professionals fall within the typical range of $83,660 to $179,750 annually.
Salary Distribution — Actuary in Massachusetts
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $83,660 |
| 25th percentile | $97,860 |
| Median (50th percentile) | $126,040 |
| 75th percentile | $165,040 |
| 90th percentile | $179,750 |
Top-Paying Industries for Actuary (U.S.)
Which industries pay Actuarys the most — nationwide figures (industry-level data is not available by state). Actuarys in Massachusetts tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Other Services (except Public Administration) | $175,980 | 50 |
| Finance and Insurance | $131,450 | 20K |
| Management of Companies and Enterprises | $129,810 | 1K |
| Government (excl. schools, hospitals & USPS) | $129,650 | 850 |
| Professional, Scientific, and Technical Services | $124,130 | 4K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Actuary in Massachusetts vs National
| Year | Median Salary (Massachusetts) |
|---|---|
| 2022 | $133,490 |
| 2023 | $135,000 |
| 2024 | $122,230 |
| 2025 | $126,040 |
| 2026 (projected) | $129,969 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Massachusetts Median | National Median |
|---|---|---|
| 2022 | $133,490 | $112,138 |
| 2023 | $135,000 | $112,820 |
| 2024 | $122,230 | $121,524 |
| 2025 | $126,040 | $124,781 |
| 2026 (projected) | $129,969 | $128,671 |
Actuary Salary by Experience Level in Massachusetts
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $97,860 |
| Mid-level | 3-5 yrs | $126,040 |
| Senior | 6-9 yrs | $165,040 |
| Staff / Lead | 10+ yrs | $179,750 |
Actuary Salary in Other States
Related Actuary Salaries in Massachusetts
How other high-demand occupations in Massachusetts compare to Actuary ($126,040 median).
| Occupation | Median Salary | vs Actuary | Hourly |
|---|---|---|---|
| Financial Manager in MA | $206,760 | +64.0% | $99.40/hr |
| Personal Financial Advisor in MA | $125,670 | -0.3% | $60.42/hr |
| Financial Examiner in MA | $111,110 | -11.8% | $53.42/hr |
| Financial Analyst in MA | $111,040 | -11.9% | $53.38/hr |
| Economist in MA | $106,380 | -15.6% | $51.14/hr |
| Compliance Officer in MA | $102,060 | -19.0% | $49.07/hr |
| Loan Officer in MA | $101,600 | -19.4% | $48.85/hr |
| Securities Sales Agent in MA | $100,310 | -20.4% | $48.23/hr |
| Tax Examiner in MA | $99,970 | -20.7% | $48.06/hr |
| Accountant in MA | $99,460 | -21.1% | $47.82/hr |
| Credit Analyst in MA | $97,080 | -23.0% | $46.67/hr |
| Budget Analyst in MA | $92,260 | -26.8% | $44.36/hr |
Frequently Asked Questions
How much do actuaries make in Massachusetts?
- The median salary for actuaries in Massachusetts is $126,040 per year, or approximately $61 per hour. This is slightly above the national average, representing a 1.0% premium compared to actuaries working elsewhere in the United States.
What is the salary range for actuaries in Massachusetts?
- Actuaries in Massachusetts earn between $83,660 and $179,750 annually, depending on experience, employer, and specialization. This wide range reflects the different career stages and roles within the actuarial field.
Is the actuary salary in Massachusetts higher than the national average?
- Yes, Massachusetts actuaries earn slightly more than the national average, with a 1.0% premium. The median salary of $126,040 in Massachusetts compares favorably to the national median for the profession.
What's the hourly rate for actuaries working in Massachusetts?
- Based on the median annual salary of $126,040, actuaries in Massachusetts earn approximately $61 per hour. This calculation reflects a standard full-time work year and may vary based on individual employment arrangements.