The annual salary statistics of actuaries in Boston-Cambridge-Quincy, Massachusetts is shown in Table 1. The wage information of actuaries in Boston-Cambridge-Quincy is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $65,530 |
| 25th Percentile Wage | $80,420 |
| 50th Percentile Wage | $100,630 |
| 75th Percentile Wage | $141,580 |
| 90th Percentile Wage | $167,980 |
Table 1 shows the average annual salary for actuaries in Boston-Cambridge-Quincy, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $167,980. The median (50th percentile) annual salary is $100,630. The average annual salary for the bottom 10 percent earners is $65,530.
The table and chart below show the trend of the median salary of actuaries from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $100,630 | 4.05% | -2.55% |
| 2016 | $96,550 | -8.68% | - |
| 2015 | $104,930 | 7.17% | - |
| 2014 | $97,410 | -16.47% | - |
| 2013 | $113,450 | 9.03% | - |
| 2012 | $103,200 | - | - |
From Table 3 we note that with a median annual salary of $100,630, Boston-Cambridge-Quincy is the lowest paying city for actuaries in state of Massachusetts, following city of Springfield (median annual salary of $143,020). Also we note that in comparison, the annual salary of actuaries in Boston-Cambridge-Quincy is about 29.6 percent (29.6%) lower than that of the highest paying city Springfield.
| Cities/Areas | Median Annual Salary |
|---|---|
| Springfield | |
| Boston-Cambridge-Quincy | |
| Worcester | |
| Boston-Cambridge-Quincy |