Actuary Salary in New Bedford, MA
How much does a actuary make in New Bedford? Explore median, entry-level, and senior salaries adjusted for New Bedford's cost of living.
Salary Breakdown by Experience Level
See how actuary salaries break down across different pay periods in New Bedford.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $64,006 | $106,677 | $144,014 |
| Monthly | $5,334 | $8,890 | $12,001 |
| Biweekly | $2,462 | $4,103 | $5,539 |
| Weekly | $1,231 | $2,051 | $2,770 |
| Hourly | $31 | $51 | $69 |
New Bedford vs National Average
How New Bedford's actuary salaries compare to national figures.
Cost of Living in New Bedford
About Actuary
Overview
Analyze insurance and financial risks using statistical and mathematical methods.
Education
Bachelor's degree in Actuarial Science, Mathematics, or related field
Key Skills
Growth Rate
Expected job growth: +18% over the next decade
Compare Cities: Actuary Salary
See Actuary salaries in other top cities.
Explore Related Data for New Bedford & MA
Dig deeper into the numbers behind a actuary salary in New Bedford — cost of living, take-home pay, affordability, taxes, and retirement projections all in one place.
Cost of living in New Bedford
Full breakdown of expenses, rent, and local purchasing power.
Take-home pay on $110,000 in MA
Federal tax, state tax, Social Security, and Medicare breakdown.
What you can afford on $100,000 in MA
Home price, rent, and monthly spending guidelines for this income.
Tax brackets on $110,000 in MA
See exactly which brackets your income falls into.
Actuary salary across all of MA
State-level salary data beyond just New Bedford.
$450,000 mortgage in MA
Monthly payment, property tax, and total interest for a typical home at this income.
Retirement at 30 earning $100,000
Projections, savings benchmarks, and how to stay on track.
Financial Tools to Explore
Use these Pulsafi calculators to understand your finances based on a actuary salary in New Bedford.
Salary Breakdown Calculator
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Cost of Living Calculator
Understand your expenses and purchasing power in New Bedford.
Budget Calculator
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Rent vs Buy Calculator
Compare the true costs of renting versus buying in New Bedford.
Actuary Salary in New Bedford, MA — Complete Guide
Median Salary Overview
The median salary for a actuary in New Bedford, MA is $106,677 per year, adjusted for the local cost of living index of 100. This figure reflects typical earnings for experienced professionals in this role, considering New Bedford's unique economic conditions.
Salary Range and Experience Levels
Entry-level actuary professionals in New Bedford can expect to earn around $64,006 annually. As professionals gain experience, salaries typically increase, with senior-level actuarys earning approximately $144,014 per year. This represents a 125% increase from entry to senior level.
Cost of Living Adjustment
New Bedford's cost of living index of 100 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in New Bedford are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $87,440, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a actuary's salary in New Bedford typically goes toward housing. With a 1-bedroom apartment averaging $1,200 per month, housing represents about 13.5% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Actuarys are in growing demand across the United States, with an expected job growth of 18% over the next decade. In New Bedford, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.