Actuary Hourly Pay in Montgomery, AL: $58.42 (2026)
Quick Answer:Hourly pay for a actuary working in Montgomery, AL runs $58.42 at the median for 2026 — annualizing to $121,508 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Montgomery's regional price level (BEA RPP 87.9, 12% below national), each hour of work buys what $66.46 nationally would. A 24-hour part-time schedule grosses $72,910 per year.
Based on BLS state-level estimates · View source
Actuaries in Montgomery, Alabama, can expect a median hourly rate of $58.42 in 2026, which falls below the national median of $64.50. This rate serves as a solid foundation for both full-time and part-time workers in various settings such as insurance companies, consulting firms, and pension plan management. For actuaries who might prefer to work three days a week, this hourly rate translates to approximately $27,086 for a part-time schedule, reflecting the diverse opportunities available within the industry. With an hourly range extending from $33.88 at the 10th percentile to $90.55 at the 90th percentile, the pay can vary widely based on experience and the specific employer, highlighting the potential for significant earnings in specialized roles.
About the Montgomery Market
Salary estimated from Alabama average ($108,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $33.88 | $271.04 |
| Lower Range (P25) | $44.30 | $354.43 |
| Median (P50) | $58.42 | $467.37 |
| Upper Range (P75) | $74.78 | $598.23 |
| Top Earners (P90) | $90.55 | $724.38 |
Estimated Annual Income by Work Schedule in Montgomery
Based on $58.42/hr median hourly rate · 2026 est.
At $58.42/hr, a actuary working full-time (40 hr/wk) in Montgomery, AL can expect to earn approximately $121,517 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $70,106. With a cost-of-living index of 87.90 (below the national average), these earnings stretch further in Montgomery.
Hourly Rate Calculator
Schedule Comparison in Montgomery
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,336.86 | $10,126 | $121,517 |
| Part-Time (24 hrs) | $1,402.12 | $6,076 | $72,910 |
| Per Diem (16 hrs) | $934.74 | $4,051 | $48,607 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Montgomery) | $58.42 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Montgomery, AL earn a median of $121,508 per year (2026 est.), which is 9.43% lower than the national median of $134,160 and 3.00% above the Alabama state average of $117,969.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $58.42/hr = $72,910/year (purchasing power: $82,947).
Working 40h/week (full-time) = $121,517/year (purchasing power: $138,244).
CoL index: 87.9 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.18/hr
2025 BLS Actual
$56.61/hr
2026 Current Est.
$58.42/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Montgomery (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.18/hr | Actual |
| 2020 | $48.35/hr | Actual |
| 2021 | $46.12/hr | Actual |
| 2022 | $49.64/hr | Actual |
| 2023 | $52.26/hr | Actual |
| 2024 | $47.03/hr | Actual |
| 2025 | $56.61/hr | Actual |
| 2026(current) | $58.42/hr | Estimated |
| 2027 | $60.29/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Montgomery grew 20.0% from $47.18/hr (2019) to $56.61/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $60.29/hr by 2027. Part-time and per-diem actuaries can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Montgomery metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Actuary in Montgomery
When analyzing earning potential for part-time actuaries, the numbers can reveal some surprising advantages. A professional working a typical 24-hour week could expect to earn $27,086 annually, considerably less than full-time counterparts but allowing for flexibility that many actuaries find appealing. Per-diem or contract work—though less common at entry levels—can be lucrative, especially for those with advanced credentials such as FSA or FCAS. Rates for specialized consulting engagements can cap at $500 per hour or more for expert witness roles, indicating a potential pathway for higher income. Different sectors offer varying compensation levels; for instance, actuaries in life insurance may earn differently than those in property and casualty firms. While some may opt for roles providing health insurance benefits at lower hourly rates, others might prioritize higher pay without benefits. In Montgomery, professional negotiation skills can significantly enhance earning potential; understanding regional compensation benchmarks and leveraging credentials will benefit actuaries in discussing compensation for hourly roles.
More salary data for Montgomery, AL:
Frequently Asked Questions
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for actuaries in Montgomery. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Montgomery is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov