Actuary Hourly Pay in Biddeford, ME: $60.78 (2026)
Quick Answer:Hourly pay for a actuary working in Biddeford, ME runs $60.78 at the median for 2026 — annualizing to $126,425 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Biddeford's regional price level (BEA RPP 99.6, 0% above national), each hour of work buys what $61.03 nationally would. A 24-hour part-time schedule grosses $75,859 per year.
Based on BLS state-level estimates · View source
In Biddeford, ME, the actuarial profession offers a median hourly pay of $60.78, which falls slightly below the national median of $64.50. This rate is especially notable for independent or part-time actuaries working three days a week, as it represents a considerable earning potential while allowing for flexible schedules or the option to take on per-diem roles. Within the Biddeford market, the hourly pay range for actuaries starts around $37.40 for entry-level roles and can reach up to $93.18 for seasoned professionals. As these estimates are derived from annual salary data, they provide a useful snapshot for understanding how actuarial pay might align with regional cost of living factors, which is currently below the national average, set at 99.6.
About the Biddeford Market
Salary estimated from Maine average ($115,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $37.40 | $299.20 |
| Lower Range (P25) | $45.42 | $363.35 |
| Median (P50) | $60.78 | $486.28 |
| Upper Range (P75) | $76.78 | $614.25 |
| Top Earners (P90) | $93.18 | $745.43 |
Estimated Annual Income by Work Schedule in Biddeford
Based on $60.78/hr median hourly rate · 2026 est.
At $60.78/hr, a actuary working full-time (40 hr/wk) in Biddeford, ME can expect to earn approximately $126,432 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,942. With a cost-of-living index of 99.60 (below the national average), these earnings stretch further in Biddeford.
Hourly Rate Calculator
Schedule Comparison in Biddeford
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,431.39 | $10,536 | $126,432 |
| Part-Time (24 hrs) | $1,458.84 | $6,322 | $75,859 |
| Per Diem (16 hrs) | $972.56 | $4,214 | $50,573 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Biddeford) | $60.78 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Biddeford, ME earn a median of $126,425 per year (2026 est.), which is 5.77% lower than the national median of $134,160 and 5.40% below the Maine state average of $133,642.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $60.78/hr = $75,859/year (purchasing power: $76,164).
Working 40h/week (full-time) = $126,432/year (purchasing power: $126,940).
CoL index: 99.6 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$49.09/hr
2025 BLS Actual
$58.90/hr
2026 Current Est.
$60.78/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Biddeford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.09/hr | Actual |
| 2020 | $50.31/hr | Actual |
| 2021 | $47.98/hr | Actual |
| 2022 | $51.65/hr | Actual |
| 2023 | $54.37/hr | Actual |
| 2024 | $52.10/hr | Actual |
| 2025 | $58.90/hr | Actual |
| 2026(current) | $60.78/hr | Estimated |
| 2027 | $62.73/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Biddeford grew 20.0% from $49.09/hr (2019) to $58.90/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $62.73/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 Biddeford 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 Biddeford
Considering part-time work, an actuary in Biddeford logging 24 hours a week can expect to take home approximately $75,000 annually, substantially lower than full-time earnings that may reach $126,425. Per-diem actuary pay in the region fluctuates, with less experienced professionals unlikely to find agency roles given the rarity of such opportunities at junior levels. However, FSAs and FCAS in specialized consulting engagements can command billing rates between $250 and $500 per hour, with those providing expert witness testimony earning between $400 and $800 per hour. Employer types further influence hourly rates; actuaries in health insurance or managed care may see different compensation compared to those working in life insurance or consulting roles. While some actuaries accept lower hourly rates for benefits, others prioritize higher pay for roles without compensation perks. For professionals negotiating hourly rates in Biddeford, understanding local pay scales and potential employer benefits can lead to more lucrative offers.
More salary data for Biddeford, ME:
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 Biddeford. 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 Biddeford 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