Average Actuaries Salary in Worcester, MA
The average salary for a Actuaries in Worcester, MA is $133,720. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Worcester, MA is a key hub for this profession, with a job concentration 1.74x higher than average.
Executive Summary
- Average Salary: $133,720 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $194,300.
- Outlook: The current demand for Actuariess is stable, with a local workforce of approximately 110 professionals. This role remains a specialized component of the broader Worcester, MA economy.
Salary Overview
The average Actuaries in Worcester, MA earns-1.5%below the national average.
$64.3
$2,572
$11,143
Actuaries Salary Trends (2020-2024)
Historical trend data for Actuaries in Worcester, MA is limited, but current market signals indicate a stable demand environment.
Actuaries Salary Distribution in Worcester, MA
The earning potential for Actuariess in Worcester, MA 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 $78,680, while highly experienced professionals can command wages upwards of $194,300.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $78,680 | $37.8 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $100,290 | $48.2 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $122,200 | $58.8 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $167,150 | $80.4 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $194,300 | $93.4 |
Detailed Actuaries Market Analysis
Relocation Context
Nominal Salary
$133,720
Gross Pay
Real Wage (Purchasing Power)
$133,720
Adjusted for COL (100)
In Worcester, MA, the Cost of Living Index is 100. This increases your effective purchasing power from $133,720 to $133,720.
Job Market Context
110
Total Jobs
0.32
Per 1K Jobs
1.74
Location Quotient
Worcester, MA has 1.7x 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.
110 people work as Actuaries in Worcester, MA.
Only 0.32 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. |
|---|---|---|
| Providence-Warwick, RI-MA Actuaries Salary | $118,370↓ 11% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Actuaries Salary | $135,920↑ 2% | 37 mi |
| Springfield, MA Actuaries Salary | $110,120↓ 18% | 39 mi |
Comparing salaries near Worcester, MA
Hiring Actuariess?
Frequently Asked Questions
How much does a Actuaries make in Worcester, MA?
The median annual salary for a Actuaries in Worcester, MA is $133,720. This typically ranges from $78,680 for entry-level positions to $194,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Worcester, MA is 1.5% lower than the national median of $135,770.
Is Worcester, MA a good place for Actuariess?
Yes, Worcester, MA is highly recommended due to strong job demand. While salaries are competitive ($133,720), the area is particularly notable for its high job density for Actuariess. See distinct detailed breakdown below.
Is Worcester, MA a good place to live for Actuaries?
The Cost of Living Index in Worcester, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Worcester, MA?
Some top paying nearby cities include Providence-Warwick, RI-MA ($118,370) and Boston-Cambridge-Newton, MA-NH.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 110 employees in the Worcester, MA area with a job density of 0.32 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 Worcester, MA