Actuary Hourly Pay in Santa Fe, NM: $52.55 (2026)
Quick Answer:Hourly pay for a actuary working in Santa Fe, NM runs $52.55 at the median for 2026 — annualizing to $109,305 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Santa Fe's regional price level (BEA RPP 94.4, 6% below national), each hour of work buys what $55.67 nationally would. A 24-hour part-time schedule grosses $65,582 per year.
Based on BLS state-level estimates · View source
In 2026, the actuary hourly pay in Santa Fe, New Mexico, stands at a median of $52.55, which is notably below the national median hourly rate of $64.50. This rate reflects the market conditions specific to the region and can significantly impact part-time workers who might seek roles in insurance company actuarial pricing departments or consulting engagements. For those working three days a week, the pay structure allows a comfortable lifestyle, yet the disparity in hourly compensation suggests that many may need to consider additional work or contract opportunities to enhance their earnings. The hourly rate in Santa Fe ranges from $31.52 for entry-level positions to $81.46 for top earners, showcasing a wide spectrum of pay that varies depending on experience and the complexities of the roles within the actuarial field.
About the Santa Fe Market
Salary estimated from New Mexico average ($108,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $31.52 | $252.14 |
| Lower Range (P25) | $38.92 | $311.33 |
| Median (P50) | $52.55 | $420.40 |
| Upper Range (P75) | $67.27 | $538.13 |
| Top Earners (P90) | $81.46 | $651.65 |
Estimated Annual Income by Work Schedule in Santa Fe
Based on $52.55/hr median hourly rate · 2026 est.
At $52.55/hr, a actuary working full-time (40 hr/wk) in Santa Fe, NM can expect to earn approximately $109,303 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $63,059. With a cost-of-living index of 94.40 (below the national average), these earnings stretch further in Santa Fe.
Hourly Rate Calculator
Schedule Comparison in Santa Fe
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,101.98 | $9,109 | $109,303 |
| Part-Time (24 hrs) | $1,261.19 | $5,465 | $65,582 |
| Per Diem (16 hrs) | $840.79 | $3,643 | $43,721 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Santa Fe) | $52.55 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Santa Fe, NM earn a median of $109,305 per year (2026 est.), which is 18.53% lower than the national median of $134,160 and 1.00% above the New Mexico state average of $108,223.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $52.55/hr = $65,582/year (purchasing power: $69,472).
Working 40h/week (full-time) = $109,303/year (purchasing power: $115,787).
CoL index: 94.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$42.44/hr
2025 BLS Actual
$50.92/hr
2026 Current Est.
$52.55/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Santa Fe (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $42.44/hr | Actual |
| 2020 | $43.49/hr | Actual |
| 2021 | $41.48/hr | Actual |
| 2022 | $44.65/hr | Actual |
| 2023 | $47.00/hr | Actual |
| 2024 | $49.49/hr | Actual |
| 2025 | $50.92/hr | Actual |
| 2026(current) | $52.55/hr | Estimated |
| 2027 | $54.23/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Santa Fe grew 20.0% from $42.44/hr (2019) to $50.92/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $54.23/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 Santa Fe 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 Santa Fe
Part-time actuaries in Santa Fe working a typical 24-hour week can expect to earn approximately $52,495 annually, which is quite different from those pursuing full-time positions, where earnings can reach upwards of $109,305. In a consulting context, experienced actuaries with Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) credentials often pursue per diem engagements that could yield billable hours between $250 and $500, particularly in complex consulting scenarios or expert witness roles, where pay can escalate to $400-$800 per hour. The environment in Santa Fe features a mix of employment settings, including life and health insurance companies like UnitedHealth and Cigna, which may offer lower hourly rates but include benefits that those in consulting might forgo for a higher pay rate. Conversely, health coverage is typically more generous at traditional firms, making them attractive to actuaries prioritizing stability and benefits over immediate hourly compensation. Understanding the nuances of these roles and negotiating for better terms are crucial for anyone navigating the actuarial landscape in Santa Fe.
More salary data for Santa Fe, NM:
Frequently Asked Questions
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Related Pages
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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 Santa Fe. 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 Santa Fe 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