The annual salary statistics of actuaries in Buffalo-Niagara Falls, New York is shown in Table 1. The wage data of actuaries in Buffalo-Niagara Falls 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 | $63,980 |
| 25th Percentile Wage | $76,950 |
| 50th Percentile Wage | $99,190 |
| 75th Percentile Wage | $134,900 |
| 90th Percentile Wage | $170,000 |
Table 1 shows the average annual salary for actuaries in Buffalo-Niagara Falls, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $170,000. The median (50th percentile) annual salary is $99,190. The average annual salary for the bottom 10 percent earners is $63,980.
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 | $99,190 | 1.58% | 24.20% |
| 2021 | $97,620 | 5.52% | - |
| 2020 | $92,230 | -19.51% | - |
| 2019 | $110,220 | 39.75% | - |
| 2015 | $66,410 | -6.43% | - |
| 2014 | $70,680 | -11.19% | - |
| 2013 | $78,590 | 4.33% | - |
| 2012 | $75,190 | - | - |
From Table 3 we note that the median annual salary of $99,190 in Buffalo-Niagara Falls is in the middle of salary range for actuaries in state of New York. In comparison, the annual salary of actuaries in Buffalo-Niagara Falls is 27.6 percent (27.6%) lower than that in the highest paying New York-Northern New Jersey-Long Island and 16.3 percent (16.3%) 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 |