Actuary Hourly Pay in Burlington, IA: $55.99 (2026)
Quick Answer:Hourly pay for a actuary working in Burlington, IA runs $55.99 at the median for 2026 — annualizing to $116,453 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Burlington's regional price level (BEA RPP 90.4, 10% below national), each hour of work buys what $61.93 nationally would. A 24-hour part-time schedule grosses $69,871 per year.
Based on BLS state-level estimates · View source
In Burlington, Iowa, the projected actuary hourly pay for 2026 is established at $55.99, which is notably lower than the national median hourly rate of $64.50. This difference in pay may influence the choices of actuaries considering part-time work or per-diem opportunities, which are typical in settings such as insurance company actuarial pricing departments or consulting firm engagements. Professionals working part-time, for instance, may earn approximately $1,343 working three days a week (24 hours), putting their annual income well below a full-time salary, though it can offer flexibility and work-life balance. The hourly pay range in Burlington spans from $35.63 for entry-level positions to $86.78 for the most experienced practitioners, allowing for a wide spectrum of earnings based on experience and specialization.
About the Burlington Market
Salary estimated from Iowa average ($120,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $35.63 | $285.08 |
| Lower Range (P25) | $42.87 | $342.95 |
| Median (P50) | $55.99 | $447.89 |
| Upper Range (P75) | $71.66 | $573.30 |
| Top Earners (P90) | $86.78 | $694.25 |
Estimated Annual Income by Work Schedule in Burlington
Based on $55.99/hr median hourly rate · 2026 est.
At $55.99/hr, a actuary working full-time (40 hr/wk) in Burlington, IA can expect to earn approximately $116,451 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $67,183. With a cost-of-living index of 90.40 (below the national average), these earnings stretch further in Burlington.
Hourly Rate Calculator
Schedule Comparison in Burlington
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,239.44 | $9,704 | $116,451 |
| Part-Time (24 hrs) | $1,343.66 | $5,823 | $69,871 |
| Per Diem (16 hrs) | $895.78 | $3,882 | $46,580 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Burlington) | $55.99 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Burlington, IA earn a median of $116,453 per year (2026 est.), which is 13.20% lower than the national median of $134,160 and 4.00% below the Iowa state average of $121,305.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $55.99/hr = $69,871/year (purchasing power: $77,290).
Working 40h/week (full-time) = $116,451/year (purchasing power: $128,817).
CoL index: 90.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$45.22/hr
2025 BLS Actual
$54.25/hr
2026 Current Est.
$55.99/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Burlington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $45.22/hr | Actual |
| 2020 | $46.33/hr | Actual |
| 2021 | $44.19/hr | Actual |
| 2022 | $47.57/hr | Actual |
| 2023 | $50.08/hr | Actual |
| 2024 | $50.08/hr | Actual |
| 2025 | $54.25/hr | Actual |
| 2026(current) | $55.99/hr | Estimated |
| 2027 | $57.78/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Burlington grew 20.0% from $45.22/hr (2019) to $54.25/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $57.78/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 Burlington 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 Burlington
For part-time actuaries in Burlington, working just three days a week results in an annual take-home that is significantly less than full-time counterparts, drastically affecting their financial projections. Per diem actuarial work, often seen in consulting environments, can be lucrative, particularly for seasoned professionals such as those holding FSA or FCAS credentials; independent consultants frequently charge rates between $250 and $500 per hour, while expert witnesses command between $400 and $800 per hour. Depending on the type of employer—be it a life insurance company like Prudential, a health insurance provider like UnitedHealth, or a reinsurance firm such as Munich Re—hourly rates can vary. Actuaries must also weigh the benefits: opting for higher hourly pay can mean forfeiting health insurance and retirement plans. When negotiating hourly rates, professionals should emphasize their exam progress, skills in trending fields like predictive analytics, and the value of long-term employer relationships in Burlington, IA.
More salary data for Burlington, IA:
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 Burlington. 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 Burlington 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