How to Become a Actuaries in Massachusetts
Actuaries in Massachusetts earn a median salary of $122,230/year, which is 3% below the national average. Massachusetts has a state income tax of ~5.0%. After taxes and rent, a actuaries takes home approximately $5,937/month. Most positions require Bachelor's degree.
What a actuaries can afford in Massachusetts
Becoming a actuaries in Massachusetts
Meet education requirements
Actuaries positions in Massachusetts typically require Bachelor's degree. Programs are available at colleges and training institutions across Massachusetts. Research accredited programs in your area.
Gain required experience
Many actuaries positions in Massachusetts require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Massachusetts licensure or certification
Massachusetts may require specific licensing or professional certification for actuariess. Requirements vary by state — contact the Massachusetts Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Massachusetts
Massachusetts employs 1,530 actuaries. The highest concentrations are in Boston-Cambridge-Newton and Worcester.
Actuaries salary by metro area in Massachusetts
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Boston-Cambridge-Newton | $127K | $61/hr | 980 |
| Worcester | $122K | $58.75/hr | 110 |
| Springfield | $93K | $44.58/hr | 230 |
Actuaries salary range in Massachusetts
Actuaries careers in other states
Frequently asked questions
How much does a actuaries make in Massachusetts?▼
The median actuaries salary in Massachusetts is $122,230 per year ($58.77/hr). This is 3% below the national median of $125,770. Salaries range from $81,420 to $177,850.
What are the requirements to become a actuaries in Massachusetts?▼
Actuaries positions in Massachusetts typically require Bachelor's degree. Massachusetts may have specific licensing or certification requirements. Check with the Massachusetts licensing board or department of labor for current requirements.
Can a actuaries afford to live in Massachusetts?▼
At the median salary of $122,230, a actuaries in Massachusetts would take home approximately $7,349/month after taxes. With median 2-bedroom rent at $1,412/month, that's 19.2% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for actuaries in Massachusetts?▼
The highest paying metro areas for actuaries in Massachusetts are Boston-Cambridge-Newton ($126,870), Worcester ($122,200), Springfield ($92,730). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Massachusetts have state income tax for actuaries?▼
Yes, Massachusetts has a state income tax rate of approximately 5.0%. On a $122,230 salary, this means roughly $6,112/year in state income tax. Use our take-home pay calculator for a detailed breakdown.