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Actuaries Salary Information in Massachusetts

The average annual and hourly salaries for actuaries in the state of Massachusetts are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of actuaries amongst Massachusetts areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Actuaries in Massachusetts

Percentile BracketAverage Annual Salary
10th Percentile Wage
$60,970
25th Percentile Wage
$79,430
50th Percentile Wage
$100,580
75th Percentile Wage
$138,660
90th Percentile Wage
$166,700

Table 1 shows the average annual salary for actuaries in Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $166,700. The median (50th percentile) annual salary is $100,580. The average annual salary for the bottom 10 percent is $60,970.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of actuaries from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$100,580
4.53% 3.64%
2016
$96,020
-6.08% -
2015
$101,860
7.15% -
2014
$94,580
-7.04% -
2013
$101,240
4.27% -
2012
$96,920
- -

Table 3. Median Annual Salary of Actuaries in Massachusetts Cities

Table 3 shows the median annual salary of actuaries in some Massachusetts cities and metropolitan areas. We note that the median annual salary of actuaries in state of Massachusetts ranges from $90,940 to $101,260. The highest paying area for actuaries in Massachusetts is Boston-Cambridge-Quincy with a median annual salary of $101,260. The second highest paying city/area in Massachusetts State is Boston-Cambridge-Quincy (mean annual salary $100,630). The lowest paying area is Worcester with a median annual salary of $90,940.

Cities/Areas Median Annual Salary
Boston-Cambridge-Quincy
$101,260
Boston-Cambridge-Quincy
$100,630
Worcester
$90,940




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