The annual salary statistics of actuaries in Newark-Union, Pennsylvania is shown in Table 1. The wage data of actuaries in Newark-Union 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 | $68,330 |
| 25th Percentile Wage | $78,820 |
| 50th Percentile Wage | $106,430 |
| 75th Percentile Wage | $137,410 |
| 90th Percentile Wage | $188,000 |
Table 1 shows the average annual salary for actuaries in Newark-Union, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $188,000. The median (50th percentile) annual salary is $106,430. The average annual salary for the bottom 10 percent earners is $68,330.
The table and chart below show the trend of the median salary of actuaries from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 4-Year Growth |
|---|---|---|---|
| 2017 | $106,430 | 7.36% | 9.93% |
| 2016 | $98,600 | 0.85% | - |
| 2015 | $97,760 | 6.59% | - |
| 2014 | $91,320 | -4.97% | - |
| 2013 | $95,860 | - | - |
From Table 3 we note that the median annual salary of $106,430 in Newark-Union is in the middle of salary range for actuaries in state of Pennsylvania. In comparison, the annual salary of actuaries in Newark-Union is 14.5 percent (14.5%) lower than that in the highest paying Allentown-Bethlehem-Easton and 10.2 percent (10.2%) higher than that in the lowest paying Erie.
| Cities/Areas | Median Annual Salary |
|---|---|
| Allentown-Bethlehem-Easton | |
| Harrisburg-Carlisle | |
| Philadelphia-Camden-Wilmington | |
| Philadelphia | |
| Newark-Union | |
| Pittsburgh | |
| Scranton--Wilkes-Barre | |
| Erie |