Salary data is based on the Boston-Cambridge-Newton, MA-NH metropolitan area and applied to Lowell using local cost-of-living adjustments.

Actuaries Salaries in Lowell, MA

Average Base Pay

$126,870/yr

5% above national average

Monthly

$10,573

Hourly

$61

Cost Index

106

Actuaries in Lowell, MA earn an average of $126,870 per year, with most salaries falling between $101,496 and $152,244 depending on experience, employer, and specialization. At 5% above the national average, Lowell ranks among the higher-paying markets for this role, in part reflecting a local cost of living index of 106. For professionals evaluating a move or negotiating an offer, the headline salary is only part of the picture—what matters most is how far that income actually goes once taxes, rent, and daily expenses are factored in. The sections below break that down in full for Lowell.

Salary Range

The chart below shows the full compensation spectrum for this role, from entry-level to senior positions. The highlighted center bars represent the 25th–75th percentile band where most professionals are paid.

$95K
Low

$127K
Median

$159K
High

25th percentile: $108K75th percentile: $146K

About Actuaries

Actuaries use mathematics, statistics, and financial theory to measure and manage risk in insurance, pension plans, and other financial systems. They analyze the likelihood of future events—accidents, illness, natural disasters, death—and quantify their financial consequences to help organizations set prices, maintain reserves, and design products that are financially sustainable. In property and casualty insurance, actuaries price auto, homeowners, and commercial policies by analyzing claims data and modeling loss frequency and severity. In life insurance and retirement planning, they develop mortality tables, price life and annuity products, and perform pension valuations. Health actuaries model medical costs and design benefit structures for health insurance plans. Actuaries are also increasingly employed in enterprise risk management, financial services regulation, and data science. The actuarial credential is earned through a rigorous series of professional examinations administered by the Society of Actuaries (SOA) or Casualty Actuarial Society (CAS), a process that takes five to ten years to complete while working full-time. Actuaries are among the most technically sophisticated professionals in financial services.

What Actuaries Do

Develop pricing models for insurance products based on claims experience and risk factors
Calculate reserves to ensure organizations have sufficient funds to pay future claims
Conduct experience studies to evaluate how actual outcomes compare to assumptions
Perform pension and annuity valuations for defined benefit retirement plans
Build statistical models to forecast claims frequency and severity
Prepare regulatory filings and actuarial opinions for state departments of insurance
Advise management on pricing strategy and product profitability
Monitor emerging risks and update models to reflect new information

Key Skills & Qualifications

Advanced statistics and probability theory
Actuarial modeling software such as ResQ, Emblem, or Milliman tools
Excel and VBA for actuarial calculations
Proficiency in R, Python, or SAS for statistical analysis
Financial mathematics including time value of money and interest theory
Knowledge of insurance regulations and GAAP/STAT accounting
SOA or CAS examination progress
Communication skills for presenting technical findings to non-actuarial audiences

Career Path

Actuarial Analyst (entry level)
Associate Actuary (ACAS/ASA)
Fellow Actuary (FCAS/FSA)
Consulting Actuary / Chief Actuary
VP of Actuarial / CRO

Actuaries Market in Lowell, MA

Salary Competitiveness

Lowell is one of the stronger-paying markets for Actuaries, with local salaries running approximately 5% above the national median. This premium typically reflects a combination of higher employer competition, concentrated industry presence, and elevated cost expectations built into local compensation norms.

Cost of Living Impact

Lowell sits close to the national cost average. Monthly essential expenses represent about 37% of take-home pay for this role—a midrange ratio that allows for modest savings and discretionary spending, provided housing costs remain stable.

Effective Purchasing Power

After adjusting for local taxes and cost of living, a Actuaries earning $126,870 in Lowell reaches a strong purchasing-power position. The effective standard of living this income supports is materially higher than the gross number alone implies—a useful data point for professionals comparing offers across metro areas.

vs. National Avg

+5%

Cost Pressure

37%

Purchasing Power

Strong

Take-Home Pay Calculator

Enter any gross salary to see how federal and state taxes affect your actual take-home pay, broken down by year, month, and week. Results use an estimated effective tax rate of 27% based on this location and income level.

Annual Salary

Take-home (73%)Taxes (27%)

Annual Net

$92,615

Monthly

$7,718

Weekly

$1,781

Eff. Tax Rate

27%

A gross salary of $126,870 for a Actuaries in Lowell translates to roughly $7,718 in monthly take-home pay after estimated federal and state taxes. Set against monthly living costs of $2,858—covering housing, food, transportation, utilities, and healthcare—that leaves approximately $4,860 per month in disposable income. That margin, not the gross number, is what determines whether you can comfortably cover rent, build savings, and afford discretionary spending in Lowell's current market.

How far does this salary go in Lowell?

Cost of Living in Lowell

Estimated monthly expenses for a single person in Lowell, benchmarked against US regional price indices for housing, food, transportation, utilities, and healthcare.

Cost Index

106

Above Avg — US average is 100. Based on a single person (1-bed apartment).

🏠Housing / Rent$1,650/mo

🍔Food & Groceries$530/mo

🚗Transportation$145/mo

💡Utilities$215/mo

🏥Healthcare$318/mo

Monthly$2,858

Annual$34,296

Disposable Income$4,860

Financial Reality Check

This section compares estimated monthly take-home pay against typical living costs in Lowell to show your real disposable income—the amount remaining after essential bills are paid each month.

Monthly Take-Home

$7,718

Living Costs

$2,858

Disposable

$4,860

Cost Index

106

Lifestyle

Comfortable

With a monthly take-home of $7,718, your estimated living costs in Lowell are $2,858 ($34,296/yr). This leaves $4,860 per month in disposable income, indicating a comfortable standard of living. Lowell's cost of living is 6% above the national average.

Overall, a Actuaries earning $126,870 in Lowell falls into a comfortable lifestyle tier and has meaningful room to save, invest, and absorb unexpected expenses without financial stress. With a cost index of 106, Lowell is 6% more expensive than the national average, which compresses real purchasing power. Regardless of tier, prioritizing retirement contributions, an emergency fund of three to six months' expenses, and incremental debt reduction will yield the greatest long-term financial stability—especially as living costs in Lowell continue to evolve.