CDCareer Decision

Actuaries Salary in NJ

In the 2025 U.S. Bureau of Labor Statistics, OEWS dataset, Actuaries in NJ have a median annual salary of $142,800, with 1,260 recorded jobs in this area. Recorded earnings range from $86,090 at the 10th percentile to $224,700 at the 90th percentile.

Source: U.S. Bureau of Labor Statistics, OEWS · Data year: 2025 · Last updated: 2026-09-22

Salary overview

Median annual salary

$142,800

Data year: 2025

Hourly median

$68.65

Employment

1,260

Source

U.S. Bureau of Labor Statistics, OEWS

Salary distribution

$86,090
10th
$110,360
25th
$142,800
Median
$184,480
75th
$224,700
90th

Local compared with national

NJ

$142,800

Median annual · 2025

United States

$130,000

Median annual · 2025

The NJ median is 9.8% above the national median in the available dataset (a difference of $12,800).

Top skills

  1. 1.MathematicsImportance 4.4
  2. 2.Reading ComprehensionImportance 4.1
  3. 3.Active ListeningImportance 4.0
  4. 4.Critical ThinkingImportance 4.0
  5. 5.Complex Problem SolvingImportance 4.0
  6. 6.Judgment and Decision MakingImportance 4.0
  7. 7.WritingImportance 3.9
  8. 8.SpeakingImportance 3.9
  9. 9.Systems EvaluationImportance 3.9
  10. 10.Systems AnalysisImportance 3.8
  11. 11.Active LearningImportance 3.4
  12. 12.Operations AnalysisImportance 3.1

Career information

Education and experience

Experience
None
Job zone
4

Technology used

  • Appraisal software
  • ARMON Technologies XLActuary
  • C++
  • Cash flow software
  • Compliance testing software
  • dBASE Plus
  • GGY AXIS
  • IBM Lotus Notes
  • IBM SPSS Statistics
  • Insightful S-PLUS
  • Insureware ICRFS-ELRF
  • Lewis & Ellis LEAPPS
  • Microsoft Access
  • Microsoft Excel
  • Microsoft Office software

Common tasks

  • Analyze data to determine premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
  • Analyze statistical information to estimate mortality, accident, sickness, disability, and retirement rates.
  • Design, review, and help administer insurance, annuity and pension plans, determining financial soundness and calculating premiums.
  • Collaborate with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improvements to existing business.
  • Provide advice to clients on a contract basis, working as a consultant.
  • Determine, or help determine, company policy, and explain complex technical matters to company executives, government officials, shareholders, policyholders, or the public.
  • Construct probability tables for events such as fires, natural disasters, and unemployment, based on analysis of statistical data and other pertinent information.
  • Determine equitable basis for distributing surplus earnings under participating insurance and annuity contracts in mutual companies.
  • Determine policy contract provisions for each type of insurance.
  • Provide expertise to help financial institutions manage risks and maximize returns associated with investment products or credit offerings.

Related careers

Occupations recorded as related in the dataset. A relationship does not imply a guaranteed transition.

Actuaries salary in other locations

Other occupations in NJ