Actuary Hourly Pay in Independence, MO: $58.98 (2026)
Quick Answer:Hourly pay for a actuary working in Independence, MO runs $58.98 at the median for 2026 — annualizing to $122,677 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Independence's regional price level (BEA RPP 89.6, 10% below national), each hour of work buys what $65.82 nationally would. A 24-hour part-time schedule grosses $73,606 per year.
Based on BLS state-level estimates · View source
In Independence, Missouri, actuaries can expect to earn a median hourly pay of $58.98, which is notably lower than the national median hourly rate of $64.50. This hourly figure provides a solid foundation for actuaries considering part-time work; for instance, a professional working three days a week could earn approximately $46,000 annually, enhancing work-life balance while still cashing in on a lucrative career. The hourly pay can vary significantly, with entry-level positions starting at around $36.75, while experienced actuaries may command rates as high as $91.41. These rates are rooted in estimates derived from annual salary statistics, reflecting the professional landscape in sectors like insurance and consulting.
About the Independence Market
Salary estimated from Missouri average ($118,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $36.75 | $294.00 |
| Lower Range (P25) | $44.81 | $358.48 |
| Median (P50) | $58.98 | $471.83 |
| Upper Range (P75) | $75.49 | $603.93 |
| Top Earners (P90) | $91.41 | $731.32 |
Estimated Annual Income by Work Schedule in Independence
Based on $58.98/hr median hourly rate · 2026 est.
At $58.98/hr, a actuary working full-time (40 hr/wk) in Independence, MO can expect to earn approximately $122,676 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $70,775. With a cost-of-living index of 89.60 (below the national average), these earnings stretch further in Independence.
Hourly Rate Calculator
Schedule Comparison in Independence
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,359.15 | $10,223 | $122,676 |
| Part-Time (24 hrs) | $1,415.49 | $6,134 | $73,606 |
| Per Diem (16 hrs) | $943.66 | $4,089 | $49,070 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Independence) | $58.98 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Independence, MO earn a median of $122,677 per year (2026 est.), which is 8.56% lower than the national median of $134,160 and 2.10% above the Missouri state average of $120,154.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $58.98/hr = $73,606/year (purchasing power: $82,149).
Working 40h/week (full-time) = $122,676/year (purchasing power: $136,915).
CoL index: 89.6 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.63/hr
2025 BLS Actual
$57.15/hr
2026 Current Est.
$58.98/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Independence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.63/hr | Actual |
| 2020 | $48.81/hr | Actual |
| 2021 | $46.56/hr | Actual |
| 2022 | $50.11/hr | Actual |
| 2023 | $52.75/hr | Actual |
| 2024 | $51.88/hr | Actual |
| 2025 | $57.15/hr | Actual |
| 2026(current) | $58.98/hr | Estimated |
| 2027 | $60.87/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Independence grew 20.0% from $47.63/hr (2019) to $57.15/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $60.87/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 Independence 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 Independence
On the other hand, the earning potential for actuaries working part-time or on a per-diem basis in Independence can diverge sharply from full-time roles. A full-time actuary might expect different obligations and benefits than someone pursuing temporary or contract work. Per-diem actuaries—often seasoned professionals—may take on contracts that can bill at rates between $250 to $500 per hour for FSAs or FCAS consultants involved in client engagements, whereas expert witnesses in litigation can charge upwards of $400 to $800 per hour. Rates also fluctuate markedly based on the employer type: life insurance firms like Prudential or health insurers such as UnitedHealth may offer steady hourly positions with benefits, while consulting firms may incentivize work with higher pay but fewer perks. When negotiating hourly rates in Independence, actuaries should consider both compensation levels and potential benefits, knowing that sometimes lower hourly rates come with health insurance that reflects the trade-offs of their career choices.
More salary data for Independence, MO:
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 Independence. 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 Independence 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