Actuary Hourly Pay in Madison, MS: $54.52 (2026)
Quick Answer:Hourly pay for a actuary working in Madison, MS runs $54.52 at the median for 2026 — annualizing to $113,404 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Madison's regional price level (BEA RPP 85.7, 14% below national), each hour of work buys what $63.62 nationally would. A 24-hour part-time schedule grosses $68,042 per year.
Based on BLS state-level estimates · View source
In Madison, Mississippi, actuaries earn a median hourly pay of $54.52, which reflects a notable difference from the national median of $64.50. This rate can significantly impact part-time and per-diem actuaries working in common environments such as insurance company actuarial pricing departments and consulting firm client engagement scenarios. Those working three days a week can expect to earn around $26,000 annually based on a 24-hour work week, a figure that will influence decisions for both entry-level and seasoned professionals. With the hourly pay range extending from $31.81 for entry-level positions to a peak of $84.51 for top earners, the potential for flexibility in work hours offers a unique appeal, albeit with challenges in demand for per-diem or contract work.
About the Madison Market
Salary estimated from Mississippi average ($95,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $31.81 | $254.45 |
| Lower Range (P25) | $42.90 | $343.20 |
| Median (P50) | $54.52 | $436.16 |
| Upper Range (P75) | $69.45 | $555.63 |
| Top Earners (P90) | $84.51 | $676.08 |
Estimated Annual Income by Work Schedule in Madison
Based on $54.52/hr median hourly rate · 2026 est.
At $54.52/hr, a actuary working full-time (40 hr/wk) in Madison, MS can expect to earn approximately $113,403 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $65,425. With a cost-of-living index of 85.70 (below the national average), these earnings stretch further in Madison.
Hourly Rate Calculator
Schedule Comparison in Madison
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,180.82 | $9,450 | $113,403 |
| Part-Time (24 hrs) | $1,308.49 | $5,670 | $68,042 |
| Per Diem (16 hrs) | $872.33 | $3,780 | $45,361 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Madison) | $54.52 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Madison, MS earn a median of $113,404 per year (2026 est.), which is 15.47% lower than the national median of $134,160 and 1.40% below the Mississippi state average of $115,015.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $54.52/hr = $68,042/year (purchasing power: $79,395).
Working 40h/week (full-time) = $113,403/year (purchasing power: $132,325).
CoL index: 85.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$44.03/hr
2025 BLS Actual
$52.83/hr
2026 Current Est.
$54.52/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Madison (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $44.03/hr | Actual |
| 2020 | $45.12/hr | Actual |
| 2021 | $43.04/hr | Actual |
| 2022 | $46.32/hr | Actual |
| 2023 | $48.77/hr | Actual |
| 2024 | $38.61/hr | Actual |
| 2025 | $52.83/hr | Actual |
| 2026(current) | $54.52/hr | Estimated |
| 2027 | $56.27/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Madison grew 20.0% from $44.03/hr (2019) to $52.83/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $56.27/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 Madison 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 Madison
Considering the 2026 estimates, part-time actuaries working 24 hours a week might take home an annual income of approximately $26,000, which contrasts sharply with a full-time peer earning around $113,404. While junior actuary roles might not lend themselves well to per-diem work, more experienced professionals, especially those with FSA or FCAS credentials, can charge notable fees of $250 to $500 per hour in consulting roles, with expert testimony reaching $400 to $800 per hour. Different sectors in Madison, including life insurance firms like Prudential and property insurance companies such as State Farm, exhibit varying pay scales. Some actuaries may opt for lower hourly rates in exchange for benefits, which can influence their career choices and negotiations. For those pursuing actuarial positions, it's advantageous to be aware of prevailing market conditions and consider the trade-offs between higher hourly pay and job security with benefits.
More salary data for Madison, MS:
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 Madison. 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 Madison 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