Actuary Hourly Pay in Manchester, CT: $70.19 (2026)
Quick Answer:Hourly pay for a actuary working in Manchester, CT runs $70.19 at the median for 2026 — annualizing to $145,988 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Manchester's regional price level (BEA RPP 107.9, 8% above national), each hour of work buys what $65.05 nationally would. A 24-hour part-time schedule grosses $87,593 per year.
Based on BLS state-level estimates · View source
In Manchester, CT, actuaries earn a median hourly pay of $70.19, which exceeds the national median of $64.50. This favorable rate presents an attractive opportunity for part-time professionals, such as those working three days a week, as they can significantly benefit from the hourly structure. Part-time actuaries commonly engage in roles within insurance company actuarial pricing departments, consulting firm client projects, and remote modeling tasks. For instance, entry-level positions typically start at around $41.68 per hour, while top earners can make up to $108.79. It's important to note that these figures stem from projected annual salaries, revealing the earning potential within this sector and suggesting measurable financial rewards for skilled individuals in the Manchester labor market.
About the Manchester Market
Salary estimated from Connecticut average ($145,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $41.68 | $333.46 |
| Lower Range (P25) | $51.87 | $414.95 |
| Median (P50) | $70.19 | $561.49 |
| Upper Range (P75) | $89.84 | $718.68 |
| Top Earners (P90) | $108.79 | $870.35 |
Estimated Annual Income by Work Schedule in Manchester
Based on $70.19/hr median hourly rate · 2026 est.
At $70.19/hr, a actuary working full-time (40 hr/wk) in Manchester, CT can expect to earn approximately $145,988 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $84,224. With a cost-of-living index of 107.90 (above the national average), these earnings may be offset by higher expenses in Manchester.
Hourly Rate Calculator
Schedule Comparison in Manchester
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,807.45 | $12,166 | $145,988 |
| Part-Time (24 hrs) | $1,684.47 | $7,299 | $87,593 |
| Per Diem (16 hrs) | $1,122.98 | $4,866 | $58,395 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Manchester) | $70.19 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Manchester, CT earn a median of $145,988 per year (2026 est.), which is 8.82% higher than the national median of $134,160 and 0.80% above the Connecticut state average of $144,829.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $70.19/hr = $87,593/year (purchasing power: $81,179).
Working 40h/week (full-time) = $145,988/year (purchasing power: $135,299).
CoL index: 107.9 (100 = national average).
2019 BLS Actual
$56.68/hr
2025 BLS Actual
$68.01/hr
2026 Current Est.
$70.19/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Manchester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $56.68/hr | Actual |
| 2020 | $58.09/hr | Actual |
| 2021 | $55.40/hr | Actual |
| 2022 | $59.63/hr | Actual |
| 2023 | $62.78/hr | Actual |
| 2024 | $75.86/hr | Actual |
| 2025 | $68.01/hr | Actual |
| 2026(current) | $70.19/hr | Estimated |
| 2027 | $72.43/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Manchester grew 20.0% from $56.68/hr (2019) to $68.01/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $72.43/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 Manchester 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 Manchester
Examining the earning potential for actuaries working part-time in Manchester shows that an actuary working 24 hours a week could hypothetically take home over $87,000 annually, creating a viable income for those preferring flexibility. In contrast, per-diem actuarial work, while uncommon at entry levels, becomes lucrative at higher stages of career development, with seasoned professionals billing rates that can reach $250-$500 per hour for consulting engagements. Notably, expert witness testimony within insurance or pension litigation can command significantly higher rates, ranging from $400 to $800 per hour. Hourly rates also vary depending on the employer type; firms in life insurance, health insurance, and consulting typically offer different compensation packages. Some actuaries may accept lower hourly rates at firms that provide comprehensive benefits, weighing the trade-offs of higher hourly compensation without health insurance coverage. For those navigating these options in Manchester, it's wise to negotiate effectively, leveraging skills and credentials to maximize earnings.
More salary data for Manchester, CT:
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 Manchester. 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 Manchester 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