isworthit

Is an Actuary a Good Career in Massachusetts?

Massachusetts · 2026 BLS salary data

an Actuary pay in Massachusetts

The median wage is $126,040/yr — 3% below the national median. Among U.S. states, Massachusettsranks #20 of 36 states by median pay.

The numbers in Massachusetts

Real BLS state-level figures for Actuary.

Median salary
$126,040/yr
Pay range (25th–75th)
$97,860 – $165,040
National median
$130,000/yr

Source: BLS Occupational Employment & Wage Statistics (OEWS), state estimates, May 2025 release.

What that pay is really worth in Massachusetts

Salary alone can mislead — Massachusetts costs 6% more than the U.S. average. Here's the median adjusted for local prices (real purchasing power).

Cost of living (US=100)
105.8
Nominal median
$126,040
Adjusted for cost of living
≈ $119,130
State income tax
Up to 9%

Massachusetts's high pay is offset by cost of living — adjusted for prices it ranks #26 of 36, down from #20 on raw salary.

Cost of living: BEA Regional Price Parities (all items, US=100), 2024. Adjusted pay = nominal median ÷ (RPP/100) — purchasing power vs the U.S. average. State income tax = top marginal rate on wage income (Tax Foundation, 2025); your effective rate is lower and depends on income and deductions.

The verdict, pros, and cons below apply to Actuary nationally — Massachusetts pay is 3% below the national median. See the full an Actuary career guide →

The verdict

Yes — actuarial work offers high pay, excellent job security, strong projected growth, and a debt-light path via professional exams rather than expensive grad school. The trade-off is a demanding, years-long exam gauntlet and detail-heavy, quantitative work.

Pros & cons

Pros

  • High pay with excellent job security
  • Much-faster-than-average projected growth
  • Exam-based entry — no expensive grad degree needed
  • Pay rises with each exam passed
  • Strong work-life balance once credentialed

Cons

  • Long, demanding series of professional exams
  • Years of self-study alongside full-time work
  • Detail-heavy, quantitative day-to-day
  • Narrow field concentrated in insurance/finance
  • Slow start until early exams are passed

Who it's for

✓ A good fit if…

  • Strong math and statistics people
  • Disciplined self-studiers
  • Those wanting high pay without grad-school debt

✗ Probably not if…

  • People who dislike heavy math
  • Those unwilling to grind years of exams

What people are actually asking

Real Reddit discussions on whether Actuary is worth it — titles link to the original threads.