Actuary Salary in Hamilton, NJ: $150,222 (2026)
Quick Answer:A full-time actuary in Hamilton, NJ earns a median $150,222/year (≈ $72.22/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Hamilton's price level (15% above national, BEA RPP 115.2), that paycheck buys what $130,401 would nationally. Nominal pay sits 2.8% below the New Jersey state average.
Based on BLS state-level estimates · View source
In Hamilton, New Jersey, actuary compensation is quite competitive, with a projected median annual salary of $150,222 for 2026. The full salary range for this profession spans from $92,820 at the 10th percentile to $232,844 at the 90th percentile, illustrating the variability in earnings based on experience and specialization. These figures are based on 2025 BLS data, adjusted for local conditions and cost of living, which has an index of 115.2, indicating that living expenses are slightly higher than the national average. As a growing hub for actuaries, Hamilton offers substantial opportunities for those pursuing this career, especially with a favorable market outlook and an annual growth rate of 3.20%.
About the Hamilton Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $92,820 | $44.62 |
| Lower Range (P25) | $113,387 | $54.51 |
| Median (P50)(typical) | $150,222 | $72.22 |
| Upper Range (P75) | $192,284 | $92.45 |
| Top Earners (P90) | $232,844 | $111.94 |
Median Salary Position
11.97% above the national average
2026 Salary Percentile Distribution in Hamilton
In Hamilton, NJ, the actuary salary spread from the 10th to 90th percentile is $140,024 (2026 est.). At $150,222, the local median is 11.97% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Hamilton: You'd be in the lower-middle range
How Hamilton Actuary Pay Compares
Hamilton median: $150,222/year (2026)
| Compared To | Median Salary | Hamilton Pays |
|---|---|---|
| New Jersey Average | $154,549 | -2.80% less |
| National Average | $134,160 | +11.97% more |
Actuarys in Hamilton, NJ earn a median of $150,222 per year (2026 est.), which is 11.97% higher than the national median of $134,160 and 2.80% below the New Jersey state average of $154,549.
Cost-of-Living Adjusted Salary
Hamilton has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hamilton, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $150,222 is competitive, the higher cost of living reduces purchasing power to an effective $130,401 — a 13.19% reduction.
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2019 BLS Actual
$121,322
2025 BLS Actual
$145,564
2026 Current Est.
$150,222
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Hamilton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $121,322 | Actual |
| 2020 | $124,323 | Actual |
| 2021 | $118,579 | Actual |
| 2022 | $127,637 | Actual |
| 2023 | $134,367 | Actual |
| 2024 | $159,001 | Actual |
| 2025 | $145,564 | Actual |
| 2026(current) | $150,222 | Estimated |
| 2027 | $155,029 | Projected |
Based on 7 years of BLS OEWS data for the Hamilton metropolitan area, the median actuary salary grew 20.0% from $121,322 (2019) to $145,564 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $155,029 by 2027 — a total increase of $33,707 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hamilton metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $92,820 – $113,387 |
| 3-5 years (Mid Career) | $113,387 – $150,222 |
| 5+ years (Experienced) | $150,222 – $192,284 |
| 10+ years (Top Earner) | $192,284 – $232,844 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Hamilton
The local job market features 21 actuaries, with opportunities mainly concentrated among major employers such as Prudential, MetLife, and UnitedHealth. These companies typically offer higher salaries and incentives, particularly for those achieving advanced designations like FSA or FCAS. The cost of living in Hamilton, which exceeds the national benchmark, requires actuaries to consider their take-home pay carefully. The notable spread in salaries is often driven by factors like exam progression, where each passed exam can increase compensation by $3,000 to $8,000, alongside the credential level and specialty focus. Actuaries in consulting roles generally see higher pay, reflecting the demand for skills in predictive analytics and data science. To maximize earnings in this competitive landscape, aspiring actuaries should prioritize passing exams efficiently and seek opportunities in high-paying sectors, particularly those that offer robust professional development and supportive study environments.
More salary data for Hamilton, NJ:
Frequently Asked Questions
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $145,564 for actuariesin the Hamilton metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Hamilton is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov