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Actuaries Salary Information in New Jersey

The average annual and hourly salaries for actuaries in the state of New Jersey are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of actuaries among New Jersey metropolitan 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 New Jersey

Percentile BracketAverage Annual Salary
10th Percentile Wage
$66,030
25th Percentile Wage
$78,020
50th Percentile Wage
$102,000
75th Percentile Wage
$140,340
90th Percentile Wage
$170,550

Table 1 shows the average annual salary for actuaries in New Jersey in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $170,550. The median (50th percentile) annual salary is $102,000. The average annual salary for the bottom 10 percent is $66,030.

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
$102,000
0.90% 9.41%
2016
$101,080
-0.57% -
2015
$101,660
5.78% -
2014
$95,780
1.20% -
2013
$94,630
2.36% -
2012
$92,400
- -

Table 3. Median Annual Salary of Actuaries in New Jersey Cities

Table 3 shows the median annual salary of actuaries in some New Jersey cities and metropolitan areas. We note that the median annual salary of actuaries in state of New Jersey ranges from $85,080 to $107,460. The highest paying area for actuaries in New Jersey is Wilmington with a median annual salary of $107,460. The second highest paying city/area in New Jersey State is Edison-New Brunswick (mean annual salary $93,850). The lowest paying area is Camden with a median annual salary of $85,080.

Cities/Areas Median Annual Salary
Wilmington
$107,460
Edison-New Brunswick
$93,850
Trenton-Ewing
$90,460
Camden
$85,080




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