Actuaries in New Jersey
Get the information you need to know about working as an Actuary.
You’re in luck! Jobs for Actuaries in New Jersey are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Actuaries in New Jersey is growing faster than average.
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Actuaries in New Jersey earn higher salaries than the typical U.S. wage earner.
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How Many Actuaries Work in New Jersey?
In New Jersey, there were 540 people working as Actuaries in the year 2018.
There were 640 Actuaries employed in this state in 2017.
That’s a decline of 100 jobs between 2017 and 2018.
The typical state has 330 Actuaries working in it, which means New Jersey has more Actuaries than average.
Job Projections for New Jersey
Jobs for Actuaries in this state are growing at a rate of 20.3% which is slower than the nationwide estimated projection of 22.5%.
New Jersey Annual Job Openings
The BLS estimates 60 annual job openings, and a total of 830 jobs for New Jersey Actuaries in 2026.
Nationwide, the prediction is 2,100 annual jobs and 28,900 total jobs in 2026.
What do Actuaries Make in New Jersey?
In 2018 wages for Actuaries ranged from $63,530 to $169,830 with $101,280 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $30.54 to $81.65. The median hourly rate was $48.69.
Workers in this field were paid a median of $49.04 an hour in 2017.
The hourly rate declined by $0.35.
The median salary in New Jersey is higher than the nationwide median salary.
Top New Jersey Metros for Actuaries
The table below shows some of the metros in this state with the most Actuaries.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA | 2,000 | $129,790 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 1,070 | $106,980 |
| Trenton, NJ | 40 | n/a |
Top States for Actuaries Employment
View the list below to see where most Actuaries work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| New York | 2,320 | $131,510 |
| Illinois | 1,950 | $98,810 |
| Pennsylvania | 1,610 | $103,870 |
| Ohio | 1,560 | $94,000 |
| California | 1,410 | $114,290 |
| Massachusetts | 1,260 | $100,970 |
| Texas | 1,000 | $93,670 |
| Connecticut | 980 | $115,130 |
| Wisconsin | 690 | $97,180 |
| Florida | 600 | $100,450 |
| New Jersey | 540 | $101,280 |
| Iowa | 530 | $98,180 |
| Minnesota | 520 | $101,190 |
| Maryland | 470 | $92,820 |
| Nebraska | 390 | $87,890 |
| Missouri | 380 | $84,500 |
| Washington | 360 | $124,610 |
| Kansas | 330 | $101,120 |
| North Carolina | 230 | $110,510 |
| Indiana | 210 | $93,010 |
Below are the states where Actuaries get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $131,510 |
| District of Columbia | $126,060 |
| Washington | $124,610 |
| New Hampshire | $116,790 |
| Connecticut | $115,130 |
| Colorado | $114,660 |
| California | $114,290 |
| North Carolina | $110,510 |
| Mississippi | $109,140 |
| Maine | $107,180 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By QWFP under License
More about our data sources and methodologies.
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