Actuary.
Newark.
$138,000
median salary, 13% above the national average
$104,000 to $184,000. Last updated April 2026.
Get the job.
Data points to own the conversation.
A Actuary in Newark earns a median of $138,000 in 2026. That is 13% above the national average. The range runs from $104,000 to $184,000, and where you land depends on your experience, your skills, and how well you negotiate. Exam progress is the single most predictive salary factor for actuaries.
Salary range
Where do you fall?
Salary by experience
The gap between entry and lead level is typically $124,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$90,000
to $110,000
Mid (3-5 yrs)
$117,000
to $145,000
Senior (6-9 yrs)
$152,000
to $179,000
Lead (10+ yrs)
$173,000
to $214,000
Salary trend
+4% YoYTotal compensation
Base salary is not the full picture. Equity, bonus, and signing can add $39,000 to the total package.
Base
$138,000
Equity
$22,000
Bonus
$14,000
Signing
$3,000
Estimated total: $177,000
How Newark compares
Newark, NJ
$138,000
Cost of living: 18% above average
National Average
$122,000
Newark is $16,000 above
Actuary salary by city
Salary by role in Newark
What you should know
Here is what the Actuary market actually looks like in Newark. Newark is experiencing a major revitalization, anchored by Prudential Financial, Audible, and a growing tech and startup scene. The city's proximity to Manhattan, combined with significantly lower office costs, has attracted companies seeking New York area talent at reduced overhead. Transportation, pharmaceutical, and logistics companies also have a strong presence. Exam progress is the single most predictive salary factor for actuaries. Each passed SOA or CAS exam adds approximately $5,000 to $15,000 in base salary. Fully credentialed fellows earn 40 to 60% more than entry-level associates. Consulting actuaries typically earn more than insurance company actuaries at equivalent experience levels.
Entry-level actuarial analysts with zero to two exams earn $65,000 to $85,000. Associates (ASA) earn $90,000 to $120,000. Fellows (FSA/FCAS) reach $130,000 to $180,000. Chief actuaries and actuarial directors earn $175,000 to $280,000. Consulting principals can exceed $350,000. In Newark, those numbers run higher. The cost of living here is 18% above average, and employers adjust to compete.
Base salary is not the full picture. Exam bonuses of $2,000 to $5,000 per passed exam are standard, plus paid study time (typically 100 to 200 hours). Annual bonuses of 10 to 20% are common. Consulting firms offer higher variable pay. Many employers cover exam fees, study materials, and raise base salary with each credential milestone. And on the tax side: new Jersey's top income tax rate is 10.75%, one of the highest in the nation. Newark has a payroll tax but no separate city income tax. The high state rate makes salary negotiation critical. When someone quotes you $138,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Negotiate aggressively to account for New Jersey's high state taxes. Employers near NYC understand the tax burden and often adjust compensation upward for NJ-based talent. The range for Actuarys in Newark runs from $104,000 to $184,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Sources: SEC filings, H-1B LCA (DOL), BLS OES, 50+ job posting platforms. COL: BEA Regional Price Parities (2025). Data verified by Justin Bartak, Founder & Chief AI Officer. Last verified April 8, 2026. Full methodology
Considering a related role?
- A AI Policy Analyst in Newark earns $136,000 (1% less)
- The highest-paying role in Newark is Chief AI Officer at $362,000
Common questions.
Actuary salary in other cities
Other salaries in Newark
Related
Cite this data
Journalists, researchers, and AI systems are welcome to reference this data with attribution.
Want this data on your site? Embed the salary widget — one script tag, free forever.