National » Actuaries » Massachusetts

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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$58,660
25th Percentile Wage
$74,690
50th Percentile Wage
$96,020
75th Percentile Wage
$127,310
90th Percentile Wage
$165,530

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 $165,530. The median (50th percentile) annual salary is $96,020. The average annual salary for the bottom 10 percent is $58,660.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$28.20
25th Percentile Wage
$35.90
50th Percentile Wage
$46.16
75th Percentile Wage
$61.21
90th Percentile Wage
$79.58

Table 2 shows the average hourly salary for actuaries in Massachusetts in 5 percentile scales. The average hourly salary for the 90th percentile is $79.58. The median hourly salary is $46.16. The average hourly salary for the bottom 10 percent is $28.20.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of actuaries from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201696,020-6.08%-0.94%
2015101,8607.15%-
201494,580-7.04%-
2013101,2404.27%-
201296,920--

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 $96,100 to $105,300. The highest paying area for actuaries in Massachusetts is Worcester with a median annual salary of $105,300. The second highest paying city/area in Massachusetts State is Boston-Cambridge-Quincy (mean annual salary $96,550). The lowest paying area is Boston-Cambridge-Quincy with a median annual salary of $96,100.

Cities/Areas Median Annual Salary
Worcester
$105,300
Boston-Cambridge-Quincy
$96,550
Boston-Cambridge-Quincy
$96,100


Related:

Highest paying cities for actuaries

Highest paying industries for actuaries.