Actuary Hourly Pay in Milford, CT: $68.05 (2026)
Quick Answer:Hourly pay for a actuary working in Milford, CT runs $68.05 at the median for 2026 — annualizing to $141,540 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Milford's regional price level (BEA RPP 107.9, 8% above national), each hour of work buys what $63.07 nationally would. A 24-hour part-time schedule grosses $84,926 per year.
Based on BLS state-level estimates · View source
In Milford, Connecticut, the projected hourly pay for actuaries in 2026 is $68.05, which exceeds the national hourly median of $64.50 by $3.55. This competitive rate is attractive to those considering part-time work, such as actuaries looking to engage in three-day workweeks, where they could earn approximately $52,816 annually from 24 hours of work weekly. For per-diem actuaries, who typically operate in flexible settings like consulting engagements or remote modeling work, hourly rates in Milford range significantly, showing a spectrum that spans from $42.76 at the lower end to $105.47 for top-tier professionals. These figures are derived from estimated annual salaries; thus, they offer insight into the financial landscape for both entry-level positions and highly experienced actuaries in various work environments, including insurance and pensions.
About the Milford 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) | $42.76 | $342.05 |
| Lower Range (P25) | $51.84 | $414.70 |
| Median (P50) | $68.05 | $544.40 |
| Upper Range (P75) | $87.10 | $696.81 |
| Top Earners (P90) | $105.47 | $843.76 |
Estimated Annual Income by Work Schedule in Milford
Based on $68.05/hr median hourly rate · 2026 est.
At $68.05/hr, a actuary working full-time (40 hr/wk) in Milford, CT can expect to earn approximately $141,544 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $81,660. With a cost-of-living index of 107.90 (above the national average), these earnings may be offset by higher expenses in Milford.
Hourly Rate Calculator
Schedule Comparison in Milford
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,722.00 | $11,795 | $141,544 |
| Part-Time (24 hrs) | $1,633.20 | $7,077 | $84,926 |
| Per Diem (16 hrs) | $1,088.80 | $4,718 | $56,618 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Milford) | $68.05 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Milford, CT earn a median of $141,540 per year (2026 est.), which is 5.50% higher than the national median of $134,160 and 2.20% below the Connecticut state average of $144,724.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.05/hr = $84,926/year (purchasing power: $78,709).
Working 40h/week (full-time) = $141,544/year (purchasing power: $131,181).
CoL index: 107.9 (100 = national average).
2019 BLS Actual
$54.96/hr
2025 BLS Actual
$65.94/hr
2026 Current Est.
$68.05/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Milford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $54.96/hr | Actual |
| 2020 | $56.32/hr | Actual |
| 2021 | $53.72/hr | Actual |
| 2022 | $57.82/hr | Actual |
| 2023 | $60.87/hr | Actual |
| 2024 | $73.55/hr | Actual |
| 2025 | $65.94/hr | Actual |
| 2026(current) | $68.05/hr | Estimated |
| 2027 | $70.23/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Milford grew 20.0% from $54.96/hr (2019) to $65.94/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $70.23/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 Milford 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 Milford
Considering the part-time earning potential, working as a per-diem actuary in Milford may yield different financial outcomes compared to full-time roles, especially given that high-level actuarial consulting also opens up access to lucrative compensation rates. For those who reach the Fellowship level (FSA/FCAS), consulting engagements can command billing rates between $250 and $500 per hour, depending on expertise and client demand, while specialty roles like expert witnesses can attract compensation ranging from $400 to $800 an hour. Employers including life insurance firms such as Prudential and MetLife, health insurers like UnitedHealth and Cigna, and consulting giants such as Mercer and Aon provide diverse pay scales. Actuaries may find themselves weighing the benefits of higher hourly wages against the security and perks of salaried positions, particularly in firms that offer health insurance. Those looking to negotiate pay would do well to underscore their exam progressions—each passed SOA or CAS exam typically correlates with an increase of $3,000 to $8,000 in compensation, further enhancing their bargaining position.
More salary data for Milford, 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 Milford. 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 Milford 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