Actuary Hourly Pay in Indianapolis, IN: $50.13 (2026)
Quick Answer:Hourly pay for a actuary working in Indianapolis, IN runs $50.13 at the median for 2026 — annualizing to $104,273 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Indianapolis's regional price level (BEA RPP 95.7, 4% below national), each hour of work buys what $52.39 nationally would. A 24-hour part-time schedule grosses $62,568 per year.
Official BLS data · View source
Actuaries in Indianapolis, Indiana earn a median hourly rate of $50.13, notably lower than the national median of $64.50. This hourly compensation translates into an annualized perspective that appeals to both full-time professionals and those considering part-time work, which is common in industries such as insurance, consulting, and pension administration. For instance, part-time actuaries working three days a week may find the income appealing, especially when balancing personal commitments. The hourly range for this occupation varies significantly, from $33.49 for entry-level positions to $69.30 for top earners, reflecting the skill level and experience required in diverse settings—from actuarial pricing departments to hybrid modeling roles, all backed by official BLS data projections for 2026.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $33.49 | $267.91 |
| Lower Range (P25) | $40.41 | $323.30 |
| Median (P50) | $50.13 | $401.08 |
| Upper Range (P75) | $65.05 | $520.38 |
| Top Earners (P90) | $69.30 | $554.39 |
Estimated Annual Income by Work Schedule in Indianapolis
Based on $50.13/hr median hourly rate · 2026 est.
At $50.13/hr, a actuary working full-time (40 hr/wk) in Indianapolis, IN can expect to earn approximately $104,280 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $60,161. With a cost-of-living index of 95.70 (below the national average), these earnings stretch further in Indianapolis.
Hourly Rate Calculator
Schedule Comparison in Indianapolis
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,005.38 | $8,690 | $104,280 |
| Part-Time (24 hrs) | $1,203.23 | $5,214 | $62,568 |
| Per Diem (16 hrs) | $802.15 | $3,476 | $41,712 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Indianapolis) | $50.13 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Indianapolis, IN earn a median of $104,273 per year (2026 est.), which is 22.28% lower than the national median of $134,160 and 14.90% below the Indiana state average of $122,530.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $50.13/hr = $62,568/year (purchasing power: $65,382).
Working 40h/week (full-time) = $104,280/year (purchasing power: $108,970).
CoL index: 95.696 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.77/hr
2025 BLS Actual
$48.58/hr
2026 Current Est.
$50.13/hr
2019–2027 Growth
+8.3%
Hourly Rate Trajectory for Actuaries in Indianapolis (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.77/hr | Actual |
| 2020 | $48.70/hr | Actual |
| 2021 | $58.03/hr | Actual |
| 2022 | $51.91/hr | Actual |
| 2023 | $46.54/hr | Actual |
| 2024 | $47.21/hr | Actual |
| 2025 | $48.58/hr | Actual |
| 2026(current) | $50.13/hr | Estimated |
| 2027 | $51.74/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Indianapolis grew 1.7% from $47.77/hr (2019) to $48.58/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $51.74/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 Indianapolis 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 Indianapolis
Examining the earning potential further reveals the dynamics of part-time and per-diem work in actuarial fields. A part-time actuary working 24 hours a week can expect a more modest annual income compared to full-time peers, reducing overall financial benefits but allowing for greater flexibility. Per diem actuarial roles are rare for those early in their careers; however, experienced FSA and FCAS actuaries can command impressive rates ranging from $250 to $500 per hour for consulting engagements, with expert witness testimony fetching as much as $800 hourly. Variations in hourly pay often depend on the employer type in Indianapolis—life insurance companies, managed care organizations, and consulting firms provide different compensation structures. While some actuaries might opt for lower hourly rates in exchange for health benefits and job security, others may prioritize higher rates without the same perks. In this context, it’s beneficial for actuaries in Indianapolis to understand their unique value in the marketplace and bargain effectively based on their specific qualifications and experience.
More salary data for Indianapolis, 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 Indianapolis. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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