Average Actuaries Salary in Syracuse, NY
The average salary for Actuariess in Syracuse, NY is $112,320. While this is lower than the national average, the cost of living in Syracuse, NY may offset the difference, preserving real purchasing power. Notably, Syracuse, NY is a key hub for this profession, with a job concentration 2.23x higher than average.
Executive Summary
- Average Salary: $112,320 per year.
- Growth Trend: Salaries have shifted 32.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $177,720.
- Outlook: The current demand for Actuariess is stable, with a local workforce of approximately 120 professionals. This role remains a specialized component of the broader Syracuse, NY economy.
Salary Overview
The average Actuaries in Syracuse, NY earns-17.3%below the national average.
$54
$2,160
$9,360
Actuaries Salary Trends (2020-2024)
Over the past 4 years, Actuaries salaries in Syracuse, NY have experienced a rapid surge, growing by 32.6%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Actuaries Salary Distribution in Syracuse, NY
The earning potential for Actuariess in Syracuse, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.5x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $50,430, while highly experienced professionals can command wages upwards of $177,720.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $50,430 | $24.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $84,240 | $40.5 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $106,660 | $51.3 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $140,400 | $67.5 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $177,720 | $85.4 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$112,320
Gross Pay
Real Wage (Purchasing Power)
$112,320
Adjusted for COL (100)
In Syracuse, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $112,320 to $112,320.
Job Market Context
120
Total Jobs
0.41
Per 1K Jobs
2.23
Location Quotient
Syracuse, NY has 2.2x 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.
120 people work as Actuaries in Syracuse, NY.
Only 0.41 out of every 1,000 local jobs are Actuaries roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Actuaries
| City | Salary | Dist. |
|---|---|---|
| Utica-Rome, NY Actuaries Salary | $108,640↓ 3% | 46 mi |
Comparing salaries near Syracuse, NY
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in Syracuse, NY?
The median annual salary for a Actuaries in Syracuse, NY is $112,320. This typically ranges from $50,430 for entry-level positions to $177,720 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Syracuse, NY is 17.3% lower than the national median of $135,770.
Is Syracuse, NY a good place for Actuariess?
Yes, Syracuse, NY is highly recommended due to strong job demand. While salaries are competitive ($112,320), the area is particularly notable for its high job density for Actuariess. See distinct detailed breakdown below.
Is Syracuse, NY a good place to live for Actuaries?
The Cost of Living Index in Syracuse, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Syracuse, NY?
Some top paying nearby cities include Utica-Rome, NY ($108,640) and others.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 120 employees in the Syracuse, NY area with a job density of 0.41 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 Syracuse, NY