How does a Actuary's salary in Newark compare to the rest of New Jersey?

Newark's cost of living index is 140 vs. the national average of 100, so salaries are adjusted upward accordingly. A Actuary earning the city-adjusted median of $168,000 earns $130,800 more than the median household income in Newark ($37,200).

Actuary Salary in Newark, NJ — 2026 Guide

Estimated salaries are adjusted for Newark's cost of living (index: 140). National data from BLS OEWS 2024; city adjustments reflect local market conditions.

Actuary Salary in Newark — Key Numbers

$168,000

Median Salary

$123,242

25th Percentile

$228,648

75th Percentile

$299,460

90th Percentile

National median (Actuary)$120,000

vs. National median+40.0%

Newark median household income$37,200

vs. City household income+351.6%

Cost of Living in Newark

Cost of Living Index

140(100 = avg)

Median Monthly Rent$1,800/mo

Rent-to-Income Ratio12.9%

Annual rent cost$21,600

Median Home Price$395,000

Home Price / Salary2.4×

20% Down Payment$79,000

Years to save (20% rate)2.4 yrs

Rent-to-income below 28% is considered affordable; above 35% is cost-burdened. Home price multiple below 3× is affordable; above 5× is expensive by traditional guidelines.

Job Market in Newark

6.1%

Unemployment Rate

310,000

Metro Population

33 min

Avg Commute

33.4

Median Age

Newark has a metro population of 310,000, offering a growing job market with opportunities especially in established local industries. The 6.1% unemployment rate is above the national average, which may reflect broader economic conditions in the region.

Financial Calculators for Newark

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Cost of Living — Newark

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Actuary Salary in New Jersey

Statewide salary breakdown

Other Professions in Newark

Physician$321,020 Chief Executive Officer$294,000 Dentist$245,714 IT Manager$237,314 Marketing Manager$220,668 Lawyer$204,064

Actuary Salary — Other New Jersey Cities

Jersey City, NJ$186,000 Trenton, NJ$123,600

Frequently Asked Questions

How much does a Actuary make in Newark, NJ?

The estimated median salary for a Actuary in Newark is $168,000 per year (2026). This is derived from the national BLS median of $120,000 adjusted by Newark's cost of living index (140). The typical salary range runs from $123,242 (25th percentile) to $228,648 (75th percentile), with top earners reaching $299,460.

Is Newark affordable for a Actuary?

On a $168,000 annual salary, a Actuary in Newark would spend approximately 12.9% of gross monthly income on median rent ($1,800/month). This is well within the 28% affordability threshold, making Newark relatively affordable for this profession. The median home price of $395,000 is 2.4× the annual salary.

How does a Actuary's salary compare to Newark's overall income?

Newark's median household income is $37,200. A Actuary earning the city-adjusted median of $168,000 earns 351.6% more than the typical Newark household — placing them solidly in the middle-to-upper income tier for the city.

Explore More Salary Data

Actuary — National Actuary in New Jersey All Salary Guides

Salary data from U.S. Bureau of Labor Statistics (BLS) OEWS, 2024 release. City salary estimates adjusted by cost of living index. City data from Census Bureau, BLS, Zillow, and ApartmentAdvisor (2024–2025). Last updated: March 2026.