Actuary Hourly Pay in Lakeland, FL: $63.61 (2026)
Quick Answer:Hourly pay for a actuary working in Lakeland, FL runs $63.61 at the median for 2026 — annualizing to $132,324 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Lakeland's regional price level (BEA RPP 100.8, 1% above national), each hour of work buys what $63.11 nationally would. A 24-hour part-time schedule grosses $79,388 per year.
Based on BLS state-level estimates · View source
In Lakeland, FL, actuaries are projected to earn a median hourly rate of $63.61 in 2026, slightly below the national median of $64.50. This wage allows for flexibility in work arrangements, making it feasible for actuaries to operate on a part-time basis, such as three days a week. For professionals engaging in per-diem work, this hourly rate could be favorable, particularly in traditional settings like insurance company actuarial pricing departments, consulting firm client meetings, or remote modeling assignments. With a broad range of hourly rates extending from $36.89 for entry-level positions to $98.61 for top earners, Lakeland presents a varied earning potential for both new entrants and seasoned professionals, allowing them to effectively plan their work-life balance or pursue side projects in alignment with their financial goals.
About the Lakeland Market
Salary estimated from Florida average ($118,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $36.89 | $295.15 |
| Lower Range (P25) | $45.91 | $367.31 |
| Median (P50) | $63.61 | $508.90 |
| Upper Range (P75) | $81.44 | $651.48 |
| Top Earners (P90) | $98.61 | $788.86 |
Estimated Annual Income by Work Schedule in Lakeland
Based on $63.61/hr median hourly rate · 2026 est.
At $63.61/hr, a actuary working full-time (40 hr/wk) in Lakeland, FL can expect to earn approximately $132,314 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $76,335. With a cost-of-living index of 100.80 (above the national average), these earnings may be offset by higher expenses in Lakeland.
Hourly Rate Calculator
Schedule Comparison in Lakeland
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,544.50 | $11,026 | $132,314 |
| Part-Time (24 hrs) | $1,526.70 | $6,616 | $79,388 |
| Per Diem (16 hrs) | $1,017.80 | $4,410 | $52,926 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Lakeland) | $63.61 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Lakeland, FL earn a median of $132,324 per year (2026 est.), which is 1.37% lower than the national median of $134,160 and 2.00% above the Florida state average of $129,729.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $63.61/hr = $79,388/year (purchasing power: $78,758).
Working 40h/week (full-time) = $132,314/year (purchasing power: $131,264).
CoL index: 100.8 (100 = national average).
2019 BLS Actual
$51.37/hr
2025 BLS Actual
$61.64/hr
2026 Current Est.
$63.61/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Lakeland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $51.37/hr | Actual |
| 2020 | $52.65/hr | Actual |
| 2021 | $50.21/hr | Actual |
| 2022 | $54.05/hr | Actual |
| 2023 | $56.90/hr | Actual |
| 2024 | $58.35/hr | Actual |
| 2025 | $61.64/hr | Actual |
| 2026(current) | $63.61/hr | Estimated |
| 2027 | $65.65/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Lakeland grew 20.0% from $51.37/hr (2019) to $61.64/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $65.65/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 Lakeland 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 Lakeland
When considering the financial landscape of part-time actuarial work, an actuary working three days a week (24 hours) would earn significantly less than their full-time counterparts, with annual earnings reflecting the reduced hours. Per-diem and 1099 engagements remain uncommon at junior levels; however, those with Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) credentials can command higher rates, with consulting roles billing between $250 and $500 an hour and expert witness testimony potentially fetching rates from $400 to $800. Salary variations can also be influenced by the type of employer in Lakeland, where life insurance firms, health insurance providers, and consulting agencies each have their compensation dynamics. While some actuaries might accept lower hourly rates for the benefit of health insurance, others might prefer pursuing higher hourly rates without the same benefits. For actuaries navigating these choices, understanding industry standards and effectively negotiating can significantly enhance their earning potential.
More salary data for Lakeland, FL:
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 Lakeland. 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 Lakeland 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