What does a Actuaries salary really buy you in Massachusetts?
Massachusetts is 9.4% pricier than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
Massachusetts's Regional Price Parity (RPP) is 109.4, meaning prices are 9.4% higher the national average. A Actuaries earning $122,230 in Massachusetts has the equivalent purchasing power of $111,727 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Massachusetts's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $81,420 | $74,424 | $-6,995 |
| 25th Percentile (P25) | $92,730 | $84,762 | $-7,967 |
| Median (P50) | $122,230 | $111,727 | $-10,502 |
| 75th Percentile (P75) | $163,240 | $149,213 | $-14,026 |
| 90th Percentile (P90) | $177,850 | $162,568 | $-15,281 |
While $122,230 sounds high, Massachusetts's elevated cost of living erases 9% of that salary's purchasing power. Your real buying power is $111,727. Consider whether the higher pay offsets the higher costs.
Where does Actuaries salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Massachusetts ranks #29 out of 38 states for Actuaries after cost-of-living adjustment.
Some links are affiliate links. See our disclosure.
A Actuaries in Massachusetts earns a median salary of $122,230 per year. After adjusting for Massachusetts's cost of living (RPP=109.4), the real purchasing power is $111,727 — a -8.6% difference.
Massachusetts's cost of living is 9.4% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Massachusetts is 109.4 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Actuaries in Massachusetts: $122,230 x (100 / 109.4) = $111,727. This represents what the salary would be worth in a state with average living costs.
Partially — a Actuaries's nominal salary of $122,230 in Massachusetts has 8.6% less purchasing power due to higher living costs. The real value is $111,727. However, Massachusetts may offer better career opportunities, networking, and industry access.