The annual salary statistics of actuaries in Albany-Schenectady-Troy, New York is shown in Table 1. The wage data of actuaries in Albany-Schenectady-Troy 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 | $66,600 |
| 25th Percentile Wage | $70,410 |
| 50th Percentile Wage | $102,890 |
| 75th Percentile Wage | $132,070 |
| 90th Percentile Wage | $154,120 |
Table 1 shows the average annual salary for actuaries in Albany-Schenectady-Troy, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $154,120. The median (50th percentile) annual salary is $102,890. The average annual salary for the bottom 10 percent earners is $66,600.
The table and chart below show the trend of the median salary of actuaries from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $102,890 | 1.34% | 4.35% |
| 2021 | $101,510 | -4.98% | - |
| 2020 | $106,570 | -18.13% | - |
| 2019 | $125,890 | 13.13% | - |
| 2018 | $109,360 | -11.36% | - |
| 2017 | $121,780 | 15.38% | - |
| 2016 | $103,050 | -9.65% | - |
| 2015 | $112,990 | 12.89% | - |
| 2014 | $98,430 | -0.90% | - |
| 2013 | $99,320 | 0.92% | - |
| 2012 | $98,410 | - | - |
From Table 3 we note that the median annual salary of $102,890 in Albany-Schenectady-Troy is in the middle of salary range for actuaries in state of New York. In comparison, the annual salary of actuaries in Albany-Schenectady-Troy is 24.9 percent (24.9%) lower than that in the highest paying New York-Northern New Jersey-Long Island and 19.3 percent (19.3%) higher than that in the lowest paying Syracuse.
| Cities/Areas | Median Annual Salary |
|---|---|
| New York-Northern New Jersey-Long Island | |
| Rochester | |
| New York-White Plains-Wayne | |
| Utica-Rome | |
| Albany-Schenectady-Troy | |
| Buffalo-Niagara Falls | |
| Nassau-Suffolk | |
| Syracuse |