Actuaries Salary

It’s a stretch — at the median salary of $126K, rent takes 31.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,347/month. The 30% guideline puts the comfortable ceiling at roughly $2,300/month in rent — so roommates or a 1-bedroom would ease the math significantly.

The 10th-percentile wage — what new actuaries typically earn — is $84K/year. Take-home on that works out to about $5,020/month. At HUD’s $2,347/month FMR, rent would take 47% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Pay here is roughly in line with the national average — $126K locally vs. $130K nationally, a 3% difference.

Massachusetts pays $126K median vs. the U.S. average of $130K — that’s -3%. After adjusting for local cost of living (RPP 100.09), the purchasing-power equivalent is $126K — below the national median.

The median is $126,040 a year, that works out to about $61 an hour. But the range is wide: entry-level workers start around $83,660, and experienced actuaries can clear $179,750. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $7,550/month after taxes. A 2-bedroom here rents for about $2,347/month, which eats 31.1% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.

Massachusetts has a Regional Price Parity of 100.09 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median actuaries salary is worth about $125,927 in national-average purchasing power.

The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.