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Actuaries in New Jersey

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Actuaries in New Jersey

Considering a career as an Actuary in New Jersey?

20.3% Jobs Projection
$101,280 Median Salary
60 Job Openings

You’re in luck! Jobs for Actuaries in New Jersey are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Actuaries in New Jersey is growing faster than average.

  • Actuaries in New Jersey earn higher salaries than the typical U.S. wage earner.

How Many Actuaries Work in New Jersey?

There were approximately 540 workers employed as Actuaries in this state in 2018.

There were 640 Actuaries employed in this state in 2017.

That’s a decline of 100 jobs between 2017 and 2018.

Actuaries in NJ Employment Trend

The typical state has 330 Actuaries working in it, which means New Jersey has more Actuaries than average.

Actuaries in NJ vs. the Average State

Job Projections for New Jersey

Jobs for Actuaries in this state are growing at a rate of 20.3% which is slower than the nationwide estimated projection of 22.5%.

Job Projections for Actuaries: Nation vs. NJ

New Jersey Annual Job Openings

The BLS is projecting 60 annual Actuaries job openings in New Jersey, and 830 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 New Jersey?

In 2018 wages for Actuaries ranged from $63,530 to $169,830 with $101,280 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $30.54 to $81.65. The median hourly rate was $48.69.

Workers in this field were paid a median of $49.04 an hour in 2017.

The hourly rate declined by $0.35.

The median salary in New Jersey is higher than the nationwide median salary.

Actuaries Earnings: NJ vs. National Average

Top New Jersey Metros for Actuaries

The table below shows some of the metros in this state with the most Actuaries.

Metro Number Employed Annual Median Salary
New York-Newark-Jersey City, NY-NJ-PA 2,000 $129,790
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1,070 $106,980
Trenton, NJ 40 n/a

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

What Major Will Prepare You For an Actuary Career?

References

More about our data sources and methodologies.

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