Actuary Hourly Pay in Erie, PA: $61.62 (2026)
Quick Answer:Hourly pay for a actuary working in Erie, PA runs $61.62 at the median for 2026 — annualizing to $128,181 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Erie's regional price level (BEA RPP 97.4, 3% below national), each hour of work buys what $63.27 nationally would. A 24-hour part-time schedule grosses $76,903 per year.
Based on BLS state-level estimates · View source
In Erie, Pennsylvania, the projected actuary hourly rate of $61.62 represents a competitive option compared to the national median of $64.50. This hourly pay indicates viable opportunities for part-time actuaries, especially those working three days a week, which could translate to a stable income in typical settings like insurance company pricing departments and remote consultancy projects. For actuaries in Erie, the hourly range stretches from $38.78 (at the 10th percentile) to $95.52 (at the 90th percentile), reflecting the diverse career stages within the profession. Such figures provide a comprehensive backdrop for estimating potential earnings across various employment avenues, whether working in reinsurance pricing teams, pension consulting, or client-focused consultations in a hybrid work model.
About the Erie Market
Salary estimated from Pennsylvania average ($128,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $38.78 | $310.26 |
| Lower Range (P25) | $45.83 | $366.65 |
| Median (P50) | $61.62 | $492.97 |
| Upper Range (P75) | $78.88 | $631.01 |
| Top Earners (P90) | $95.52 | $764.18 |
Estimated Annual Income by Work Schedule in Erie
Based on $61.62/hr median hourly rate · 2026 est.
At $61.62/hr, a actuary working full-time (40 hr/wk) in Erie, PA can expect to earn approximately $128,171 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,945. With a cost-of-living index of 97.40 (below the national average), these earnings stretch further in Erie.
Hourly Rate Calculator
Schedule Comparison in Erie
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,464.83 | $10,681 | $128,171 |
| Part-Time (24 hrs) | $1,478.90 | $6,409 | $76,903 |
| Per Diem (16 hrs) | $985.93 | $4,272 | $51,268 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Erie) | $61.62 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Erie, PA earn a median of $128,181 per year (2026 est.), which is 4.46% lower than the national median of $134,160 and 1.90% below the Pennsylvania state average of $130,663.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $61.62/hr = $76,903/year (purchasing power: $78,956).
Working 40h/week (full-time) = $128,171/year (purchasing power: $131,593).
CoL index: 97.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$45.97/hr
2025 BLS Actual
$59.71/hr
2026 Current Est.
$61.62/hr
2019–2027 Growth
+38.3%
Hourly Rate Trajectory for Actuaries in Erie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $45.97/hr | Actual |
| 2020 | $51.00/hr | Actual |
| 2021 | $48.64/hr | Actual |
| 2022 | $52.36/hr | Actual |
| 2023 | $55.12/hr | Actual |
| 2024 | $58.80/hr | Actual |
| 2025 | $59.71/hr | Actual |
| 2026(current) | $61.62/hr | Estimated |
| 2027 | $63.59/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Erie grew 29.9% from $45.97/hr (2019) to $59.71/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $63.59/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 Erie 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 Erie
Exploring the earning potential for part-time professionals in Erie, a three-day workweek at 24 hours equates to an annual take-home of about $76,777, compared to full-time income, which significantly boosts financial security and benefits. While most junior actuaries may find per-diem roles less common, seasoned professionals can tap into lucrative per diem actuary pay in Erie, ranging from $250 to $500 per hour for FSA or FCAS consulting engagements, and even $400 to $800 per hour for expert witness roles. Salary variations arise from the type of employer, with life insurance firms, managed care companies, and property insurers offering different hourly rates. Many actuaries weigh the trade-off between working for companies that provide health benefits, which offer lower hourly pays, against higher rates in firms without this safety net. Understanding how to negotiate effectively becomes critical, particularly in a smaller market like Erie where personal connections can influence compensation strategies.
More salary data for Erie, PA:
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 Erie. 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 Erie 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