Actuaries in Massachusetts
Is Massachusetts a good place for you to work as an Actuary?
You’re in luck! Jobs for Actuaries in Massachusetts are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Actuaries in Massachusetts is growing faster than average.
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Actuaries in Massachusetts earn higher salaries than the typical U.S. wage earner.
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How Many Actuaries Work in Massachusetts?
In Massachusetts, there were 1,260 people working as Actuaries in the year 2018.
There were 1,140 Actuaries employed in this state in 2017.
That’s growth of 120 jobs between 2017 and 2018.
The typical state has 330 Actuaries working in it, which means Massachusetts has more Actuaries than average.
Job Projections for Massachusetts
Jobs for Actuaries in this state are growing at a rate of 17.9% which is slower than the nationwide estimated projection of 22.5%.
Massachusetts Annual Job Openings
The BLS is projecting 100 annual Actuaries job openings in Massachusetts, and 1,380 total jobs in the year 2026.
Nationwide, the prediction is 2,100 annual jobs and 28,900 total jobs in 2026.
What do Actuaries Make in Massachusetts?
In 2018 wages for Actuaries ranged from $66,520 to $169,710 with $100,970 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $31.98 to $81.59. The median hourly rate was $48.54.
Workers in this field were paid a median of $48.36 an hour in 2017.
The hourly rate grew by $0.18.
The median salary in Massachusetts is higher than the nationwide median salary.
Top Massachusetts Metros for Actuaries
The table below shows some of the metros in this state with the most Actuaries.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Boston-Cambridge-Nashua, MA-NH | 1,060 | $101,480 |
| Providence-Warwick, RI-MA | 120 | $95,130 |
| Worcester, MA-CT | 120 | $89,480 |
Top States for Actuaries Employment
View the list below to see where most Actuaries work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| New York | 2,320 | $131,510 |
| Illinois | 1,950 | $98,810 |
| Pennsylvania | 1,610 | $103,870 |
| Ohio | 1,560 | $94,000 |
| California | 1,410 | $114,290 |
| Massachusetts | 1,260 | $100,970 |
| Texas | 1,000 | $93,670 |
| Connecticut | 980 | $115,130 |
| Wisconsin | 690 | $97,180 |
| Florida | 600 | $100,450 |
| New Jersey | 540 | $101,280 |
| Iowa | 530 | $98,180 |
| Minnesota | 520 | $101,190 |
| Maryland | 470 | $92,820 |
| Nebraska | 390 | $87,890 |
| Missouri | 380 | $84,500 |
| Washington | 360 | $124,610 |
| Kansas | 330 | $101,120 |
| North Carolina | 230 | $110,510 |
| Indiana | 210 | $93,010 |
Below are the states where Actuaries get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $131,510 |
| District of Columbia | $126,060 |
| Washington | $124,610 |
| New Hampshire | $116,790 |
| Connecticut | $115,130 |
| Colorado | $114,660 |
| California | $114,290 |
| North Carolina | $110,510 |
| Mississippi | $109,140 |
| Maine | $107,180 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By QWFP under License
More about our data sources and methodologies.
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