Actuary Hourly Pay in College Park, MD: $68.81 (2026)
Quick Answer:Hourly pay for a actuary working in College Park, MD runs $68.81 at the median for 2026 — annualizing to $143,143 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against College Park's regional price level (BEA RPP 109.3, 9% above national), each hour of work buys what $62.96 nationally would. A 24-hour part-time schedule grosses $85,880 per year.
Based on BLS state-level estimates · View source
In College Park, Maryland, the projected median actuary hourly pay for 2026 is $68.81, surpassing the national median hourly rate of $64.50. This elevated pay reflects the high demand for actuaries in various settings, such as insurance companies and consulting firms, where professionals can work in roles related to risk assessment and pricing strategies. For part-time workers, such as those employed three days a week, this hourly rate translates into a significant income. The overall hourly range extends from $40.73 at the 10th percentile to $106.67 at the 90th percentile, demonstrating potential earnings for both entry-level and seasoned professionals. These figures are derived from annual salary data, highlighting the strong compensation prospects for actuaries in College Park.
About the College Park Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $40.73 | $325.86 |
| Lower Range (P25) | $50.61 | $404.87 |
| Median (P50) | $68.81 | $550.51 |
| Upper Range (P75) | $88.09 | $704.73 |
| Top Earners (P90) | $106.67 | $853.34 |
Estimated Annual Income by Work Schedule in College Park
Based on $68.81/hr median hourly rate · 2026 est.
At $68.81/hr, a actuary working full-time (40 hr/wk) in College Park, MD can expect to earn approximately $143,133 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $82,577. With a cost-of-living index of 109.30 (above the national average), these earnings may be offset by higher expenses in College Park.
Hourly Rate Calculator
Schedule Comparison in College Park
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,752.55 | $11,928 | $143,133 |
| Part-Time (24 hrs) | $1,651.53 | $7,157 | $85,880 |
| Per Diem (16 hrs) | $1,101.02 | $4,771 | $57,253 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (College Park) | $68.81 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in College Park, MD earn a median of $143,143 per year (2026 est.), which is 6.70% higher than the national median of $134,160 and 2.40% below the Maryland state average of $146,662.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.81/hr = $85,880/year (purchasing power: $78,572).
Working 40h/week (full-time) = $143,133/year (purchasing power: $130,954).
CoL index: 109.3 (100 = national average).
2019 BLS Actual
$55.58/hr
2025 BLS Actual
$66.68/hr
2026 Current Est.
$68.81/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in College Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $55.58/hr | Actual |
| 2020 | $56.95/hr | Actual |
| 2021 | $54.32/hr | Actual |
| 2022 | $58.47/hr | Actual |
| 2023 | $61.55/hr | Actual |
| 2024 | $66.68/hr | Actual |
| 2025 | $66.68/hr | Actual |
| 2026(current) | $68.81/hr | Estimated |
| 2027 | $71.02/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in College Park grew 20.0% from $55.58/hr (2019) to $66.68/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $71.02/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 College Park 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 College Park
Exploring the financial implications of part-time employment, an actuary working 24 hours a week could anticipate an annual take-home pay markedly lower than their full-time counterparts, yet still substantial given the city’s elevated hourly rate. For actuaries pursuing per-diem opportunities, such as expert witness roles or consulting engagements, pay rates can vary widely; firms often bill clients at $250 to $500 per hour, while senior actuarial experts can command between $400 and $800 per hour in litigation cases. Notably, hourly pay varies across industry types in College Park, with actuaries in life insurance, health management, and reinsurance often facing pay differentials influenced by the employer’s sector and the presence of benefits. This landscape allows some actuaries to navigate trade-offs between higher hourly rates without benefits in consulting versus slightly lower rates that include health coverage. For those in the field, strategies such as showcasing specialized skills in predictive analytics or advanced pricing models can lead to improved hourly negotiations.
More salary data for College Park, MD:
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 College Park. 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 College Park 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