Actuary Salary in New Jersey
Based on 1K+ workers in New Jersey
Median Annual Salary (NJ)
$142,800
$68.65/hr
vs National Average
$124,781
+14.4% vs national median
Salary Range (10th–90th)
$86K – $225K
1K employed in New Jersey
The Actuary salary in New Jersey offers a robust compensation package, with a median annual earning of $142,800. This figure places New Jersey actuaries significantly ahead of the national average, earning approximately 14% more. Currently, there are about 1,260 individuals employed in this specialized field within the state, indicating a healthy demand for their analytical skills.
Several factors contribute to the strong Actuary salary in New Jersey. Experience level, the specific industry of employment (such as insurance or finance), and the size and profitability of the employing company all play a crucial role in determining an individual's earning potential. Furthermore, the concentration of financial services and insurance industries in the region likely drives higher compensation for actuaries.
Salary Distribution — Actuary in New Jersey
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $86,090 |
| 25th percentile | $110,360 |
| Median (50th percentile) | $142,800 |
| 75th percentile | $184,480 |
| 90th percentile | $224,700 |
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 New Jersey 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 New Jersey vs National
| Year | Median Salary (New Jersey) |
|---|---|
| 2022 | $127,750 |
| 2023 | $135,710 |
| 2024 | $137,330 |
| 2025 | $142,800 |
| 2026 (projected) | $148,488 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | New Jersey Median | National Median |
|---|---|---|
| 2022 | $127,750 | $112,138 |
| 2023 | $135,710 | $112,820 |
| 2024 | $137,330 | $121,524 |
| 2025 | $142,800 | $124,781 |
| 2026 (projected) | $148,488 | $129,751 |
Actuary Salary by Experience Level in New Jersey
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $110,360 |
| Mid-level | 3-5 yrs | $142,800 |
| Senior | 6-9 yrs | $184,480 |
| Staff / Lead | 10+ yrs | $224,700 |
Actuary Salary in Other States
Related Actuary Salaries in New Jersey
How other high-demand occupations in New Jersey compare to Actuary ($142,800 median).
| Occupation | Median Salary | vs Actuary | Hourly |
|---|---|---|---|
| Financial Manager in NJ | $199,110 | +39.4% | $95.73/hr |
| Economist in NJ | $167,550 | +17.3% | $80.55/hr |
| Personal Financial Advisor in NJ | $158,570 | +11.0% | $76.24/hr |
| Financial Analyst in NJ | $108,610 | -23.9% | $52.22/hr |
| Financial Examiner in NJ | $106,410 | -25.5% | $51.16/hr |
| Credit Analyst in NJ | $100,940 | -29.3% | $48.53/hr |
| Accountant in NJ | $100,830 | -29.4% | $48.48/hr |
| Compliance Officer in NJ | $100,000 | -30.0% | $48.08/hr |
| Tax Examiner in NJ | $98,630 | -30.9% | $47.42/hr |
| Budget Analyst in NJ | $96,250 | -32.6% | $46.27/hr |
| Loan Officer in NJ | $92,920 | -34.9% | $44.67/hr |
| Securities Sales Agent in NJ | $82,420 | -42.3% | $39.63/hr |
Frequently Asked Questions
What is the average salary for an actuary in New Jersey?
- The median salary for an actuary in New Jersey is $142,800 per year, which translates to approximately $69 per hour. This median figure is 14.4% higher than the national average for actuaries.
How much do actuaries in New Jersey typically earn?
- Actuary salaries in New Jersey generally fall within a range from $86,090 to $224,700 annually. The median salary of $142,800 indicates that half of actuaries in the state earn more than this amount.
Is the salary for actuaries higher in New Jersey compared to the rest of the country?
- Yes, actuaries in New Jersey earn significantly more than the national average. The median salary of $142,800 per year is 14.4% higher than the national median, reflecting a strong demand in the state.
What is the salary range for entry-level actuaries in New Jersey?
- While the full salary range for actuaries in New Jersey is $86,090 to $224,700, entry-level positions would likely be closer to the lower end of this spectrum. The median salary of $142,800 suggests that experienced actuaries command much higher compensation.