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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 2014 and published in May 2015 [1].

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

Percentile BracketAverage Annual Salary
90th Percentile Wage
$174,050
75th Percentile Wage
$137,620
50th Percentile Wage
$94,580
25th Percentile Wage
$69,910
10th Percentile Wage
$55,790

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 $174,050. The median (50th percentile) annual salary is $94,580. The average annual salary for the bottom 10 percent is $55,790.

Percentile BracketAverage Hourly Salary
90th Percentile Wage
$83.68
75th Percentile Wage
$66.16
50th Percentile Wage
$45.47
25th Percentile Wage
$33.61
10th Percentile Wage
$26.82

Table 2 shows the average hourly salary for actuaries in Massachusetts in 5 percentile scales. The average hourly salary for the 90th percentile is $83.68. The median hourly salary is $45.47. The average hourly salary for the bottom 10 percent is $26.82.

Table 3. Salary Trend

YearAverage Annual SalaryGrowth (%)
2014 $94,580 -6.58%
2013 $101,240 4.46%
2012 $96,920 6.81%
2011 $90,740 2.96%
2010 $88,130 -

Table 3 shows the salary trend for actuaries in state of Massachusetts from 2010 to 2014. We note that from 2010 to 2014 the average salary has increased by 7.32%. We note that in 2013 the average salary increased by 4.46%. We also note that the average annual wage had a sizable growth of 6.81% in the year 2012 and a moderate increase of 2.96% in 2011.

Table 4. Average Actuaries Wage in Massachusetts vs. Related Jobs

OccupationAverage Wage
Actuaries
$94,580
Operations Research Analysts
$78,000
Statisticians
$81,870

Table 5. Median Annual Salary of Actuaries in Massachusetts Cities

Table 5 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 $96,020 to $97,410. The highest paying area for actuaries in Massachusetts is Boston-Cambridge-Quincy with a median annual salary of $97,410. The lowest paying area is Boston-Cambridge-Quincy with a median annual salary of $96,020.

Cities/Areas Median Annual Salary
Boston-Cambridge-Quincy
$97,410
Boston-Cambridge-Quincy
$96,020

Actuaries Salary by State

Alabama       Arizona       Arkansas       California       Colorado       Connecticut       Delaware       D.C.       Florida       Georgia       Hawaii       Idaho       Illinois       Indiana       Iowa       Kansas       Kentucky       Louisiana       Maine       Maryland       Massachusetts       Michigan       Minnesota       Missouri       Nebraska       Nevada       New Hampshire       New Jersey       New Mexico       New York       North Carolina       North Dakota       Ohio       Oklahoma       Oregon       Pennsylvania       Rhode Island       South Carolina       Tennessee       Texas       Utah       Vermont       Virginia       Washington       Wisconsin      

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