Actuary Salary in Saratoga Springs, NY: $149,385 (2026)
Quick Answer:A full-time actuary in Saratoga Springs, NY earns a median $149,385/year (≈ $71.82/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Saratoga Springs's price level (16% above national, BEA RPP 115.9), that paycheck buys what $128,891 would nationally. Nominal pay sits 3.9% below the New York state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Saratoga Springs, NY, are anticipated to enjoy a median annual salary of $149,385, reflecting a robust 11.35% premium over the national median of $134,160. The projected salary range for this role in the area spans from $97,445 at the 10th percentile to $231,547 at the 90th percentile, indicating significant earning potential for experienced professionals. These figures derive from 2025 BLS data, adjusted for local cost of living considerations, which takes into account Saratoga Springs' unique economic environment. The local market has a small but specialized workforce of actuaries, emphasizing competition and demand for highly qualified individuals, especially those with advanced credentials like FSA or FCAS.
About the Saratoga Springs Market
Salary estimated from New York average ($152,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $97,445 | $46.85 |
| Lower Range (P25) | $116,058 | $55.80 |
| Median (P50)(typical) | $149,385 | $71.82 |
| Upper Range (P75) | $188,846 | $90.80 |
| Top Earners (P90) | $231,547 | $111.32 |
Median Salary Position
11.35% above the national average
2026 Salary Percentile Distribution in Saratoga Springs
In Saratoga Springs, NY, the actuary salary spread from the 10th to 90th percentile is $134,102 (2026 est.). At $149,385, the local median is 11.35% above the national median of $134,160.
Salary Calculator
At 40 hours/week in Saratoga Springs: You'd be in the lower-middle range
How Saratoga Springs Actuary Pay Compares
Saratoga Springs median: $149,385/year (2026)
| Compared To | Median Salary | Saratoga Springs Pays |
|---|---|---|
| New York Average | $155,448 | -3.90% less |
| National Average | $134,160 | +11.35% more |
Actuarys in Saratoga Springs, NY earn a median of $149,385 per year (2026 est.), which is 11.35% higher than the national median of $134,160 and 3.90% below the New York state average of $155,448.
Cost-of-Living Adjusted Salary
Saratoga Springs has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Saratoga Springs, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $149,385 is competitive, the higher cost of living reduces purchasing power to an effective $128,891 — a 13.72% reduction.
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2019 BLS Actual
$120,646
2025 BLS Actual
$144,753
2026 Current Est.
$149,385
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Saratoga Springs (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $120,646 | Actual |
| 2020 | $123,630 | Actual |
| 2021 | $117,918 | Actual |
| 2022 | $126,926 | Actual |
| 2023 | $133,618 | Actual |
| 2024 | $169,249 | Actual |
| 2025 | $144,753 | Actual |
| 2026(current) | $149,385 | Estimated |
| 2027 | $154,165 | Projected |
Based on 7 years of BLS OEWS data for the Saratoga Springs metropolitan area, the median actuary salary grew 20.0% from $120,646 (2019) to $144,753 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $154,165 by 2027 — a total increase of $33,519 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Saratoga Springs 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) | $97,445 – $116,058 |
| 3-5 years (Mid Career) | $116,058 – $149,385 |
| 5+ years (Experienced) | $149,385 – $188,846 |
| 10+ years (Top Earner) | $188,846 – $231,547 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Saratoga Springs
As of the latest estimates, only seven actuaries are employed in Saratoga Springs, highlighting a niche job market. The local cost-of-living index sits at 115.9, suggesting that while salaries appear attractive, they are moderated by higher living expenses, which could impact overall purchasing power. Among potential employers, consulting firms like Milliman and Mercer are known to offer the most competitive salaries, particularly for those holding Fellow-level credentials. Factors driving the variability in pay include exam progression—where each exam passed can result in $3,000 to $8,000 increases—and the difference in market demand across specialties; for instance, professionals in property and casualty or consulting typically earn more than those focusing on life insurance. To maximize earnings, aspiring candidates should focus on passing actuarial exams and developing skills in predictive analytics or data science, as these are increasingly valued in today’s labor market.
More salary data for Saratoga Springs, NY:
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 $144,753 for actuariesin the Saratoga Springs 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 Saratoga Springs 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