Average Actuaries Salary in Albany-Schenectady-Troy, NY
The average salary for Actuariess in Albany-Schenectady-Troy, NY is $112,200. While this is lower than the national average, the cost of living in Albany-Schenectady-Troy, NY may offset the difference, preserving real purchasing power. Notably, Albany-Schenectady-Troy, NY is a key hub for this profession, with a job concentration 1.84x higher than average.
Executive Summary
- Average Salary: $112,200 per year.
- Growth Trend: Salaries have shifted 13.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $157,460.
- Outlook: The current demand for Actuariess is stable, with a local workforce of approximately 150 professionals. This role remains a specialized component of the broader Albany-Schenectady-Troy, NY economy.
Salary Overview
The average Actuaries in Albany-Schenectady-Troy, NY earns-17.4%below the national average.
$53.9
$2,158
$9,350
Actuaries Salary Trends (2020-2024)
Over the past 4 years, Actuaries salaries in Albany-Schenectady-Troy, NY have seen a slight adjustment of -13.9%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Actuaries Salary Distribution in Albany-Schenectady-Troy, NY
The earning potential for Actuariess in Albany-Schenectady-Troy, NY varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $66,230, while highly experienced professionals can command wages upwards of $157,460.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $66,230 | $31.8 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $84,150 | $40.5 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $109,220 | $52.5 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $140,250 | $67.4 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $157,460 | $75.7 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$112,200
Gross Pay
Real Wage (Purchasing Power)
$112,200
Adjusted for COL (100)
In Albany-Schenectady-Troy, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $112,200 to $112,200.
Job Market Context
150
Total Jobs
0.339
Per 1K Jobs
1.84
Location Quotient
Albany-Schenectady-Troy, NY has 1.8x the national concentration of Actuaries jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
150 people work as Actuaries in Albany-Schenectady-Troy, NY.
Only 0.339 out of every 1,000 local jobs are Actuaries roles — this is a niche profession in the area.
Nearby Job Markets
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in Albany-Schenectady-Troy, NY?
The median annual salary for a Actuaries in Albany-Schenectady-Troy, NY is $112,200. This typically ranges from $66,230 for entry-level positions to $157,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 17.4% lower than the national median of $135,770.
Is Albany-Schenectady-Troy, NY a good place for Actuariess?
Yes, Albany-Schenectady-Troy, NY is highly recommended due to strong job demand. While salaries are competitive ($112,200), the area is particularly notable for its high job density for Actuariess. See distinct detailed breakdown below.
Is Albany-Schenectady-Troy, NY a good place to live for Actuaries?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 150 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.339 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Actuaries • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY