Actuary Hourly Pay in Valparaiso, IN: $58.09 (2026)
Quick Answer:Hourly pay for a actuary working in Valparaiso, IN runs $58.09 at the median for 2026 — annualizing to $120,823 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Valparaiso's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $63.63 nationally would. A 24-hour part-time schedule grosses $72,498 per year.
Based on BLS state-level estimates · View source
In Valparaiso, Indiana, the actuary hourly pay is projected at $58.09, which signifies a competitive rate, although it falls short of the national median of $64.50. This pay rate is significant for part-time workers, especially those engaged three days a week, who can effectively earn a livable wage while maintaining flexibility. Such positions are typically found in revenues of insurance companies, consulting firms, and pension management organizations. The hourly wage for actuaries in Valparaiso ranges from $35.40 for entry-level professionals to $90.03 for industry leaders, illustrating a wide spectrum of earning potential based on experience and specialization. It's crucial to consider that these hourly figures are derived from annual salary estimates, reflecting the broader economic context of the profession.
About the Valparaiso 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) | $35.40 | $283.18 |
| Lower Range (P25) | $43.47 | $347.74 |
| Median (P50) | $58.09 | $464.73 |
| Upper Range (P75) | $73.99 | $591.96 |
| Top Earners (P90) | $90.03 | $720.25 |
Estimated Annual Income by Work Schedule in Valparaiso
Based on $58.09/hr median hourly rate · 2026 est.
At $58.09/hr, a actuary working full-time (40 hr/wk) in Valparaiso, IN can expect to earn approximately $120,830 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $69,710. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Valparaiso.
Hourly Rate Calculator
Schedule Comparison in Valparaiso
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,323.65 | $10,069 | $120,830 |
| Part-Time (24 hrs) | $1,394.19 | $6,041 | $72,498 |
| Per Diem (16 hrs) | $929.46 | $4,028 | $48,332 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Valparaiso) | $58.09 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Valparaiso, IN earn a median of $120,823 per year (2026 est.), which is 9.94% lower than the national median of $134,160 and 1.40% below the Indiana state average of $122,539.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $58.09/hr = $72,498/year (purchasing power: $79,406).
Working 40h/week (full-time) = $120,830/year (purchasing power: $132,344).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.92/hr
2025 BLS Actual
$56.29/hr
2026 Current Est.
$58.09/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Valparaiso (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.92/hr | Actual |
| 2020 | $48.08/hr | Actual |
| 2021 | $45.85/hr | Actual |
| 2022 | $49.36/hr | Actual |
| 2023 | $51.96/hr | Actual |
| 2024 | $49.79/hr | Actual |
| 2025 | $56.29/hr | Actual |
| 2026(current) | $58.09/hr | Estimated |
| 2027 | $59.95/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Valparaiso grew 20.0% from $46.92/hr (2019) to $56.29/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $59.95/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 Valparaiso 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 Valparaiso
The earning capacity as a part-time actuary working 24 hours a week in Valparaiso is typically above $45,000 annually, presenting a viable option for individuals seeking work-life balance. In contrast, full-time actuaries can command more than $120,000 yearly, highlighting the disparity in earning potential. For those pursuing per-diem opportunities, while such work is relatively rare at junior levels, experienced professionals, such as those holding FSA or FCAS designations, can command fees ranging from $250 to $500 per hour in consulting engagements. Employers in Valparaiso, including life and health insurers as well as pension consulting firms, have varying compensation dynamics; some offer lower hourly rates but with comprehensive health benefits, while others pay higher rates without these perks. Thus, actuaries must negotiate not just their pay but also consider the full spectrum of job incentives when evaluating career choices in Valparaiso, IN.
More salary data for Valparaiso, 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 Valparaiso. 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 Valparaiso 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