Actuary Hourly Pay in Albany, NY: $72.23 (2026)
Quick Answer:Hourly pay for a actuary working in Albany, NY runs $72.23 at the median for 2026 — annualizing to $150,235 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Albany's regional price level (BEA RPP 115.9, 16% above national), each hour of work buys what $62.32 nationally would. A 24-hour part-time schedule grosses $90,143 per year.
Based on BLS state-level estimates · View source
In Albany, NY, actuaries are projected to earn a median hourly pay of $72.23 in 2026, notably higher than the national hourly median of $64.50. This competitive hourly rate positions the Albany actuary market as attractive for professionals seeking part-time roles or per-diem positions, typical for work in actuarial pricing departments of insurance companies, consulting firm engagements, and hybrid remote modeling jobs. For those considering a part-time schedule of three days a week, the hourly wage translates into significant earnings, with a range from $41.92 at entry-level positions to an impressive $111.95 for seasoned top earners. Such figures, derived from annual salary estimates, create an environment where actuaries can thrive based on their skills and experience.
About the Albany Market
Salary estimated from New York average ($152,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $41.92 | $335.36 |
| Lower Range (P25) | $52.43 | $419.40 |
| Median (P50) | $72.23 | $577.84 |
| Upper Range (P75) | $92.46 | $739.66 |
| Top Earners (P90) | $111.95 | $895.61 |
Estimated Annual Income by Work Schedule in Albany
Based on $72.23/hr median hourly rate · 2026 est.
At $72.23/hr, a actuary working full-time (40 hr/wk) in Albany, NY can expect to earn approximately $150,238 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $86,676. With a cost-of-living index of 115.90 (above the national average), these earnings may be offset by higher expenses in Albany.
Hourly Rate Calculator
Schedule Comparison in Albany
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,889.19 | $12,520 | $150,238 |
| Part-Time (24 hrs) | $1,733.51 | $7,512 | $90,143 |
| Per Diem (16 hrs) | $1,155.67 | $5,008 | $60,095 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Albany) | $72.23 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Albany, NY earn a median of $150,235 per year (2026 est.), which is 11.98% higher than the national median of $134,160 and 3.40% below the New York state average of $155,523.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $72.23/hr = $90,143/year (purchasing power: $77,776).
Working 40h/week (full-time) = $150,238/year (purchasing power: $129,627).
CoL index: 115.9 (100 = national average).
2019 BLS Actual
$60.52/hr
2025 BLS Actual
$69.99/hr
2026 Current Est.
$72.23/hr
2019–2027 Growth
+23.2%
Hourly Rate Trajectory for Actuaries in Albany (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $60.52/hr | Actual |
| 2020 | $51.24/hr | Actual |
| 2021 | $48.80/hr | Actual |
| 2022 | $49.47/hr | Actual |
| 2023 | $51.25/hr | Actual |
| 2024 | $52.51/hr | Actual |
| 2025 | $69.99/hr | Actual |
| 2026(current) | $72.23/hr | Estimated |
| 2027 | $74.54/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Albany grew 15.6% from $60.52/hr (2019) to $69.99/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $74.54/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 Albany 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 Albany
For an actuary working part-time at 24 hours a week, the annual earnings can reach approximately $56,515, providing a viable income stream compared to a full-time salary. The opportunity for per-diem work in Albany is less prevalent for junior actuaries, but experienced professionals can command rates between $250 to $500 per hour in consulting or expert witness roles in litigation. Actuaries affiliated with firms like Prudential or Mercer may see variations in pay based on employer type; while larger health and life insurance companies offer job security and benefits, they tend to provide lower hourly rates compared to consulting firms that cater to the top tier of the profession. Those in Albany negotiating hourly contracts should assess the trade-offs between higher pay and the inclusion of benefits, which can heavily influence career choices and long-term compensation strategy.
More salary data for Albany, NY:
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 Albany. 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 Albany 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