Actuary Salary in Rahway, NJ: $146,203 (2026)
Quick Answer:A full-time actuary in Rahway, NJ earns a median $146,203/year (≈ $70.29/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Rahway's price level (15% above national, BEA RPP 115.2), that paycheck buys what $126,912 would nationally. Nominal pay sits 5.4% below the New Jersey state average.
Based on BLS state-level estimates · View source
As of 2026, actuaries in Rahway, New Jersey, are projected to earn a median annual salary of $146,203, reflecting a notable 8.98% increase compared to the national median of $134,160. The salary range for this position spans from $91,550 at the 10th percentile to $226,616 at the 90th percentile, indicating significant earning potential based on experience and specialization. Local estimates derive from 2025 BLS data and account for regional price disparities, providing an accurate picture of the local job market. Notably, the Rahway market sees a prominent presence of actuaries in the life and health sectors due to leading employers, with differences in pay often influenced by specialization between the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).
About the Rahway Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $91,550 | $44.01 |
| Lower Range (P25) | $110,878 | $53.30 |
| Median (P50)(typical) | $146,203 | $70.29 |
| Upper Range (P75) | $187,141 | $89.97 |
| Top Earners (P90) | $226,616 | $108.95 |
Median Salary Position
8.98% above the national average
2026 Salary Percentile Distribution in Rahway
In Rahway, NJ, the actuary salary spread from the 10th to 90th percentile is $135,066 (2026 est.). At $146,203, the local median is 8.98% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Rahway: You'd be in the lower-middle range
How Rahway Actuary Pay Compares
Rahway median: $146,203/year (2026)
| Compared To | Median Salary | Rahway Pays |
|---|---|---|
| New Jersey Average | $154,549 | -5.40% less |
| National Average | $134,160 | +8.98% more |
Actuarys in Rahway, NJ earn a median of $146,203 per year (2026 est.), which is 8.98% higher than the national median of $134,160 and 5.40% below the New Jersey state average of $154,549.
Cost-of-Living Adjusted Salary
Rahway has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Rahway, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $146,203 is competitive, the higher cost of living reduces purchasing power to an effective $126,912 — a 13.19% reduction.
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2019 BLS Actual
$118,076
2025 BLS Actual
$141,670
2026 Current Est.
$146,203
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Rahway (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $118,076 | Actual |
| 2020 | $120,997 | Actual |
| 2021 | $115,407 | Actual |
| 2022 | $124,223 | Actual |
| 2023 | $130,772 | Actual |
| 2024 | $154,748 | Actual |
| 2025 | $141,670 | Actual |
| 2026(current) | $146,203 | Estimated |
| 2027 | $150,882 | Projected |
Based on 7 years of BLS OEWS data for the Rahway metropolitan area, the median actuary salary grew 20.0% from $118,076 (2019) to $141,670 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $150,882 by 2027 — a total increase of $32,806 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Rahway 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) | $91,550 – $110,878 |
| 3-5 years (Mid Career) | $110,878 – $146,203 |
| 5+ years (Experienced) | $146,203 – $187,141 |
| 10+ years (Top Earner) | $187,141 – $226,616 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Rahway
In Rahway, the local job market supports the employment of nine actuaries, reflecting modest demand relative to larger metropolitan areas. The cost of living index stands at 115.2, suggesting that while salaries are competitive, the higher living costs can impact overall purchasing power. Major employers such as Prudential, MetLife, and UnitedHealth contribute significantly to the local economy and often offer higher salaries in the realm of life and health insurance. The variance in pay can also be attributed to exam progressions; each passed exam typically increases base pay by $3,000 to $8,000, with higher credentials commanding greater salaries. Actuaries aiming to maximize their income in this market should focus on obtaining relevant credentials, specialized skills in predictive analytics, and exploring opportunities at consulting firms that value the ASA-to-FSA progression—these often provide substantial salary premiums in Rahway.
More salary data for Rahway, 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 $141,670 for actuariesin the Rahway 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 Rahway 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