Average Actuaries Salary in Trenton-Princeton, NJ
The average salary for a Actuaries in Trenton-Princeton, NJ is $130,090. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Trenton-Princeton, NJ is a key hub for this profession, with a job concentration 1.79x higher than average.
Executive Summary
- Average Salary: $130,090 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $209,660.
- Outlook: The current demand for Actuariess is stable, with a local workforce of approximately 80 professionals. This role remains a specialized component of the broader Trenton-Princeton, NJ economy.
Salary Overview
The average Actuaries in Trenton-Princeton, NJ earns-4.2%below the national average.
$62.5
$2,502
$10,841
Actuaries Salary Trends (2020-2024)
Historical trend data for Actuaries in Trenton-Princeton, NJ is limited, but current market signals indicate a stable demand environment.
Actuaries Salary Distribution in Trenton-Princeton, NJ
The earning potential for Actuariess in Trenton-Princeton, NJ varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $75,390, while highly experienced professionals can command wages upwards of $209,660.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $75,390 | $36.2 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $97,568 | $46.9 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $115,220 | $55.4 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $162,613 | $78.2 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $209,660 | $100.8 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$130,090
Gross Pay
Real Wage (Purchasing Power)
$130,090
Adjusted for COL (100)
In Trenton-Princeton, NJ, the Cost of Living Index is 100. This increases your effective purchasing power from $130,090 to $130,090.
Job Market Context
80
Total Jobs
0.329
Per 1K Jobs
1.79
Location Quotient
Trenton-Princeton, NJ 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.
80 people work as Actuaries in Trenton-Princeton, NJ.
Only 0.329 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. |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Actuaries Salary | $149,330↑ 15% | 28 mi |
| New York-Newark-Jersey City, NY-NJ Actuaries Salary | $158,540↑ 22% | 52 mi |
Comparing salaries near Trenton-Princeton, NJ
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in Trenton-Princeton, NJ?
The median annual salary for a Actuaries in Trenton-Princeton, NJ is $130,090. This typically ranges from $75,390 for entry-level positions to $209,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Trenton-Princeton, NJ is 4.2% lower than the national median of $135,770.
Is Trenton-Princeton, NJ a good place for Actuariess?
Yes, Trenton-Princeton, NJ is highly recommended due to strong job demand. While salaries are competitive ($130,090), the area is particularly notable for its high job density for Actuariess. See distinct detailed breakdown below.
Is Trenton-Princeton, NJ a good place to live for Actuaries?
The Cost of Living Index in Trenton-Princeton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Trenton-Princeton, NJ?
Some top paying nearby cities include Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($149,330) and New York-Newark-Jersey City, NY-NJ.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 80 employees in the Trenton-Princeton, NJ area with a job density of 0.329 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 Trenton-Princeton, NJ