Actuary Hourly Pay in Chaska, MN: $62.79 (2026)
Quick Answer:Hourly pay for a actuary working in Chaska, MN runs $62.79 at the median for 2026 — annualizing to $130,599 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Chaska's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $63.74 nationally would. A 24-hour part-time schedule grosses $78,358 per year.
Based on BLS state-level estimates · View source
In Chaska, Minnesota, actuaries can expect a median hourly pay of $62.79, slightly below the national median of $64.50. This rate offers a solid foundation for part-time professionals, especially those working three days a week, as they can earn approximately $95,000 annually, providing a comfortable lifestyle. The hourly pay range for actuaries in the area spans from $38.72 for entry-level positions up to $97.32 for top earners, allowing for various entry and career progression paths. Many actuarial roles are found in settings such as insurance company pricing departments and consulting firms, where both full-time and per-diem work options are common. These hourly estimates are derived from annual salary data, illustrating the financial viability of a career in this evolving field.
About the Chaska Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $38.72 | $309.77 |
| Lower Range (P25) | $47.13 | $377.05 |
| Median (P50) | $62.79 | $502.30 |
| Upper Range (P75) | $80.12 | $641.00 |
| Top Earners (P90) | $97.32 | $778.54 |
Estimated Annual Income by Work Schedule in Chaska
Based on $62.79/hr median hourly rate · 2026 est.
At $62.79/hr, a actuary working full-time (40 hr/wk) in Chaska, MN can expect to earn approximately $130,597 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $75,344. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Chaska.
Hourly Rate Calculator
Schedule Comparison in Chaska
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,511.48 | $10,883 | $130,597 |
| Part-Time (24 hrs) | $1,506.89 | $6,530 | $78,358 |
| Per Diem (16 hrs) | $1,004.59 | $4,353 | $52,239 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Chaska) | $62.79 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Chaska, MN earn a median of $130,599 per year (2026 est.), which is 2.65% lower than the national median of $134,160 and 1.20% below the Minnesota state average of $132,185.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $62.79/hr = $78,358/year (purchasing power: $79,551).
Working 40h/week (full-time) = $130,597/year (purchasing power: $132,585).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$50.71/hr
2025 BLS Actual
$60.84/hr
2026 Current Est.
$62.79/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Chaska (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $50.71/hr | Actual |
| 2020 | $51.96/hr | Actual |
| 2021 | $49.56/hr | Actual |
| 2022 | $53.35/hr | Actual |
| 2023 | $56.16/hr | Actual |
| 2024 | $59.90/hr | Actual |
| 2025 | $60.84/hr | Actual |
| 2026(current) | $62.79/hr | Estimated |
| 2027 | $64.80/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Chaska grew 20.0% from $50.71/hr (2019) to $60.84/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $64.80/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 Chaska 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 Chaska
Exploring part-time opportunities further reveals that actuaries working three days a week can significantly supplement their income while still enjoying work-life balance. For example, taking a per-diem role often involves consulting engagements at rates that fluctuate widely—charging $250 to $500 per hour for projects relevant to FSA and FCAS practitioners. Moreover, more experienced actuaries, particularly those engaged as expert witnesses in litigation cases, can command fees ranging from $400 to $800 per hour. Different types of employers in Chaska, including life insurance giants like Prudential and health insurers such as UnitedHealth, may also influence hourly compensation. While working in a company may yield lower hourly wages, it often comes with a benefits package that can be more valuable in the long term. Those seeking hourly work in the actuarial profession should prioritize negotiations that reflect their qualifications, exam progress, and skill set—always considering the balance between hourly pay and benefits when making career decisions.
More salary data for Chaska, MN:
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 Chaska. 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 Chaska 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