Actuary Hourly Pay in South Bend, IN: $60.76 (2026)
Quick Answer:Hourly pay for a actuary working in South Bend, IN runs $60.76 at the median for 2026 — annualizing to $126,390 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against South Bend's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $66.55 nationally would. A 24-hour part-time schedule grosses $75,834 per year.
Based on BLS state-level estimates · View source
In South Bend, Indiana, the median actuary hourly rate is positioned at $60.76, slightly trailing the national average of $64.50. This rate holds significant implications for professionals who opt for part-time roles or per-diem engagements within various actuarial settings, such as insurance offices, consulting firms, and pension plan consultations. With an hourly range extending from $35.66 at entry-level positions to $94.18 for top earners, actuaries in South Bend have diverse earning potential. Employers often adjust these hourly rates based on the complexity and scope of the projects they undertake, revealing the nuanced landscape of actuarial work in the region.
About the South Bend 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) | $35.66 | $285.24 |
| Lower Range (P25) | $44.68 | $357.40 |
| Median (P50) | $60.76 | $486.11 |
| Upper Range (P75) | $77.78 | $622.25 |
| Top Earners (P90) | $94.18 | $753.44 |
Estimated Annual Income by Work Schedule in South Bend
Based on $60.76/hr median hourly rate · 2026 est.
At $60.76/hr, a actuary working full-time (40 hr/wk) in South Bend, IN can expect to earn approximately $126,389 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,917. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in South Bend.
Hourly Rate Calculator
Schedule Comparison in South Bend
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,430.57 | $10,532 | $126,389 |
| Part-Time (24 hrs) | $1,458.34 | $6,319 | $75,834 |
| Per Diem (16 hrs) | $972.23 | $4,213 | $50,556 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (South Bend) | $60.76 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in South Bend, IN earn a median of $126,390 per year (2026 est.), which is 5.79% lower than the national median of $134,160 and 3.20% above the Indiana state average of $122,471.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $60.76/hr = $75,834/year (purchasing power: $83,060).
Working 40h/week (full-time) = $126,389/year (purchasing power: $138,433).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$49.07/hr
2025 BLS Actual
$58.88/hr
2026 Current Est.
$60.76/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in South Bend (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.07/hr | Actual |
| 2020 | $50.29/hr | Actual |
| 2021 | $47.96/hr | Actual |
| 2022 | $51.63/hr | Actual |
| 2023 | $54.35/hr | Actual |
| 2024 | $52.09/hr | Actual |
| 2025 | $58.88/hr | Actual |
| 2026(current) | $60.76/hr | Estimated |
| 2027 | $62.71/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in South Bend grew 20.0% from $49.07/hr (2019) to $58.88/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $62.71/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 South Bend 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 South Bend
For actuaries considering part-time opportunities, working three days a week can yield a substantial income. Taking 24 hours into account, a part-time actuary could potentially earn over $78,000 annually—an attractive figure compared to a full-time position. While per-diem or agency work is not common for junior-level actuaries, experienced FSAs or FCAS professionals can expect billing rates that significantly exceed the median, often charging $250 to $500 per hour for consulting engagements. This pay structure reflects greater variability based on the employer type, with life insurance firms and consulting companies generally offering more competitive rates than other sectors. Though some actuaries may choose lower hourly pay for the benefits and security of full-time work, others prioritize higher rates available in freelance opportunities, particularly amid an evolving job market that increasingly values advanced skills such as data science and predictive analytics. For anyone negotiating in South Bend, understanding the unique employer dynamics and regional compensation trends can significantly impact their overall career trajectory.
More salary data for South Bend, 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 South Bend. 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 South Bend 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