Actuary Hourly Pay in Cherry Hill, NJ: $72.19 (2026)
Quick Answer:Hourly pay for a actuary working in Cherry Hill, NJ runs $72.19 at the median for 2026 — annualizing to $150,149 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Cherry Hill's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $62.66 nationally would. A 24-hour part-time schedule grosses $90,091 per year.
Based on BLS state-level estimates · View source
In Cherry Hill, NJ, actuaries earn a notable median hourly rate of $72.19, which is significantly higher than the national median of $64.50. This advantageous position reflects the local demand for actuarial expertise, particularly within insurance companies, consulting firms, and reinsurance teams. Actuaries working part-time or in per-diem roles can capitalize on this hourly rate, making such arrangements appealing. For instance, a typical part-time schedule of three days a week could yield substantial earnings, allowing professionals to pursue additional qualifications or personal interests. The hourly wage range for actuaries in Cherry Hill spans from $44.32 for entry-level roles to $111.89 for seasoned experts, showcasing the potential for a lucrative career trajectory in this field.
About the Cherry Hill Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $44.32 | $354.60 |
| Lower Range (P25) | $54.45 | $435.59 |
| Median (P50) | $72.19 | $577.51 |
| Upper Range (P75) | $92.39 | $739.16 |
| Top Earners (P90) | $111.89 | $895.12 |
Estimated Annual Income by Work Schedule in Cherry Hill
Based on $72.19/hr median hourly rate · 2026 est.
At $72.19/hr, a actuary working full-time (40 hr/wk) in Cherry Hill, NJ can expect to earn approximately $150,152 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $86,626. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Cherry Hill.
Hourly Rate Calculator
Schedule Comparison in Cherry Hill
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,887.54 | $12,513 | $150,152 |
| Part-Time (24 hrs) | $1,732.52 | $7,508 | $90,091 |
| Per Diem (16 hrs) | $1,155.01 | $5,005 | $60,061 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Cherry Hill) | $72.19 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Cherry Hill, NJ earn a median of $150,149 per year (2026 est.), which is 11.92% higher than the national median of $134,160 and 2.80% below the New Jersey state average of $154,474.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $72.19/hr = $90,091/year (purchasing power: $78,204).
Working 40h/week (full-time) = $150,152/year (purchasing power: $130,340).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$58.30/hr
2025 BLS Actual
$69.95/hr
2026 Current Est.
$72.19/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Cherry Hill (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $58.30/hr | Actual |
| 2020 | $59.74/hr | Actual |
| 2021 | $56.98/hr | Actual |
| 2022 | $61.34/hr | Actual |
| 2023 | $64.57/hr | Actual |
| 2024 | $76.41/hr | Actual |
| 2025 | $69.95/hr | Actual |
| 2026(current) | $72.19/hr | Estimated |
| 2027 | $74.50/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Cherry Hill grew 20.0% from $58.30/hr (2019) to $69.95/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $74.50/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 Cherry Hill 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 Cherry Hill
Considering part-time opportunities, an actuary working 24 hours a week would earn over $83,000 annually, allowing for a comfortable lifestyle while maintaining flexibility. The per-diem or agency model for actuaries tends to be less common at the junior levels. However, those holding FSA or FCAS credentials may find consulting positions that bill clients between $250 to $500 per hour. In Cherry Hill, hourly compensation varies by employer type; life insurance giants like Prudential and MetLife, health insurers such as UnitedHealth, and consulting firms like Mercer and Aon all offer different compensation structures. While some actuaries might accept slightly lower hourly rates with benefits, others prefer consulting for the higher pay and flexibility despite lacking traditional perks. To negotiate effectively, it’s essential for hourly workers to present their experience and expertise confidently, highlighting how their skills align with the firm's needs, ensuring they receive fair compensation for their contributions.
More salary data for Cherry Hill, NJ:
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 Cherry Hill. 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 Cherry Hill 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