Actuary Hourly Pay in Carmel, IN: $49.69 (2026)
Quick Answer:Hourly pay for a actuary working in Carmel, IN runs $49.69 at the median for 2026 — annualizing to $103,360 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Carmel's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $54.43 nationally would. A 24-hour part-time schedule grosses $62,014 per year.
Based on BLS state-level estimates · View source
In Carmel, Indiana, actuaries can expect a median hourly pay of $49.69, which is significantly lower than the national median of $64.50. This figure reflects the typical earnings in various settings such as insurance companies, consulting firms, and remote actuarial modeling roles. For instance, those working part-time, say three days a week, would take home an estimated $24,000 annually at this rate, depending on their hours. The hourly pay for actuaries in Carmel spans from $31.51 for entry-level positions to $77.02 for those at the top of their field, providing a clear pathway for earnings growth as professionals progress through their careers. It's crucial to remember that these hourly rates are derived from projected annual salaries, reinforcing the disparity in earnings potential compared to other regions in the country.
About the Carmel Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $31.51 | $252.06 |
| Lower Range (P25) | $38.07 | $304.56 |
| Median (P50) | $49.69 | $397.53 |
| Upper Range (P75) | $63.60 | $508.82 |
| Top Earners (P90) | $77.02 | $616.15 |
Estimated Annual Income by Work Schedule in Carmel
Based on $49.69/hr median hourly rate · 2026 est.
At $49.69/hr, a actuary working full-time (40 hr/wk) in Carmel, IN can expect to earn approximately $103,357 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $59,629. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Carmel.
Hourly Rate Calculator
Schedule Comparison in Carmel
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,987.63 | $8,613 | $103,357 |
| Part-Time (24 hrs) | $1,192.58 | $5,168 | $62,014 |
| Per Diem (16 hrs) | $795.05 | $3,445 | $41,343 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Carmel) | $49.69 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Carmel, IN earn a median of $103,360 per year (2026 est.), which is 22.96% lower than the national median of $134,160 and 15.60% below the Indiana state average of $122,464.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $49.69/hr = $62,014/year (purchasing power: $67,923).
Working 40h/week (full-time) = $103,357/year (purchasing power: $113,206).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$40.13/hr
2025 BLS Actual
$48.15/hr
2026 Current Est.
$49.69/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Carmel (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $40.13/hr | Actual |
| 2020 | $41.12/hr | Actual |
| 2021 | $39.22/hr | Actual |
| 2022 | $42.22/hr | Actual |
| 2023 | $44.45/hr | Actual |
| 2024 | $49.54/hr | Actual |
| 2025 | $48.15/hr | Actual |
| 2026(current) | $49.69/hr | Estimated |
| 2027 | $51.28/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Carmel grew 20.0% from $40.13/hr (2019) to $48.15/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $51.28/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 Carmel 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 Carmel
Evaluating the earning potential for part-time actuaries reveals that working just three days a week would equate to a comparative annual income when juxtaposed with full-time colleagues. Per-diem roles or consulting opportunities often present higher rates, but they generally require advanced credentials and considerable experience, making them less accessible to entry-level actuaries. Many consulting firms in Carmel, such as Mercer and Aon, thrive on higher hourly rates, particularly for those holding FSA or FCAS designations who can command between $250 to $500 per hour on client engagements. While the promise of solid health insurance from employers may lead some actuaries to accept lower hourly rates, others might prioritize financial compensation over benefits. For those negotiating hourly rates, the key is to research the going rates across different employers, from life insurance companies like Prudential to property and casualty insurers like State Farm, maximizing negotiation strategies to secure favorable terms without sacrificing job security or benefits.
More salary data for Carmel, IN:
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 Carmel. 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 Carmel 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