Actuary Hourly Pay in South Portland, ME: $68.29 (2026)
Quick Answer:Hourly pay for a actuary working in South Portland, ME runs $68.29 at the median for 2026 — annualizing to $142,032 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against South Portland's regional price level (BEA RPP 99.6, 0% above national), each hour of work buys what $68.56 nationally would. A 24-hour part-time schedule grosses $85,223 per year.
Based on BLS state-level estimates · View source
In South Portland, ME, the actuary hourly pay is projected at $68.29 for 2026, which notably exceeds the national median of $64.50. This rate suggests a promising scenario for those seeking partial employment, like actuaries working three days a week who could earn around $52,000 annually if they commit to 24 hours each week. Per-diem work, while less common for junior actuaries, can also be lucrative, especially for experienced professionals. The hourly range spans from $44.85 at the entry-level to $105.84 for top earners, reflecting the significant disparities in earnings potential within various actuarial roles across different sectors such as consultancy and insurance companies.
About the South Portland 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) | $44.85 | $358.81 |
| Lower Range (P25) | $51.97 | $415.77 |
| Median (P50) | $68.29 | $546.30 |
| Upper Range (P75) | $87.40 | $699.20 |
| Top Earners (P90) | $105.84 | $846.74 |
Estimated Annual Income by Work Schedule in South Portland
Based on $68.29/hr median hourly rate · 2026 est.
At $68.29/hr, a actuary working full-time (40 hr/wk) in South Portland, ME can expect to earn approximately $142,038 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $81,945. With a cost-of-living index of 99.60 (below the national average), these earnings stretch further in South Portland.
Hourly Rate Calculator
Schedule Comparison in South Portland
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,731.50 | $11,836 | $142,038 |
| Part-Time (24 hrs) | $1,638.90 | $7,102 | $85,223 |
| Per Diem (16 hrs) | $1,092.60 | $4,735 | $56,815 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (South Portland) | $68.29 |
| 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 Portland, ME earn a median of $142,032 per year (2026 est.), which is 5.87% higher than the national median of $134,160 and 6.30% above the Maine state average of $133,614.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.29/hr = $85,223/year (purchasing power: $85,565).
Working 40h/week (full-time) = $142,038/year (purchasing power: $142,608).
CoL index: 99.6 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$55.15/hr
2025 BLS Actual
$66.17/hr
2026 Current Est.
$68.29/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in South Portland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $55.15/hr | Actual |
| 2020 | $56.51/hr | Actual |
| 2021 | $53.90/hr | Actual |
| 2022 | $58.02/hr | Actual |
| 2023 | $61.08/hr | Actual |
| 2024 | $53.19/hr | Actual |
| 2025 | $66.17/hr | Actual |
| 2026(current) | $68.29/hr | Estimated |
| 2027 | $70.47/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in South Portland grew 20.0% from $55.15/hr (2019) to $66.17/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $70.47/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 Portland 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 Portland
Building a career as an actuary in South Portland offers substantial earning potential, particularly for those pursuing part-time positions or per-diem work. A part-time actuary working 24 hours weekly could generate approximately $52,000 annually, a stark contrast to a full-time peer earning much higher. Some professionals in the field engage in per-diem work, though it tends to favor seasoned actuaries; engagements in consulting can demand rates between $250 and $500 per hour. Actuaries specializing in litigation might command even higher rates, with expert testimony fetching $400 to $800 per hour. Work opportunities vary widely, with life insurance, health care, property & casualty, and pensions offering distinct remuneration packages. Moreover, while some actuaries may accept lower pay for benefits like health insurance, others might prefer higher hourly rates without additional perks. Looking to negotiate effectively? Familiarizing yourself with regional salary trends and articulating your specialized skill set can play a crucial role in maximizing your hourly pay.
More salary data for South Portland, 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 South Portland. 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 Portland 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