Actuary Hourly Pay in Newport, RI: $62.31 (2026)
Quick Answer:Hourly pay for a actuary working in Newport, RI runs $62.31 at the median for 2026 — annualizing to $129,619 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Newport's regional price level (BEA RPP 100.5, 1% above national), each hour of work buys what $62.00 nationally would. A 24-hour part-time schedule grosses $77,766 per year.
Based on BLS state-level estimates · View source
In Newport, Rhode Island, an actuary can expect to earn a median hourly rate of $62.31, slightly below the national median of $64.50. This pay is particularly relevant for those seeking part-time positions or per-diem roles, commonly found in settings like actuarial pricing departments at insurance companies or consulting firms. With hourly rates ranging from $38.84 at entry-level positions to about $96.60 for top earners, actuaries in Newport have varied earning potentials that reflect their experience and expertise. It's critical to note that these hourly figures are estimated based on annual salary data, demonstrating the influence of full-time compensation structures on part-time opportunities.
About the Newport Market
Salary estimated from Rhode Island average ($120,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $38.84 | $310.76 |
| Lower Range (P25) | $47.08 | $376.64 |
| Median (P50) | $62.31 | $498.50 |
| Upper Range (P75) | $79.76 | $638.11 |
| Top Earners (P90) | $96.60 | $772.76 |
Estimated Annual Income by Work Schedule in Newport
Based on $62.31/hr median hourly rate · 2026 est.
At $62.31/hr, a actuary working full-time (40 hr/wk) in Newport, RI can expect to earn approximately $129,609 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $74,775. With a cost-of-living index of 100.50 (above the national average), these earnings may be offset by higher expenses in Newport.
Hourly Rate Calculator
Schedule Comparison in Newport
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,492.49 | $10,801 | $129,609 |
| Part-Time (24 hrs) | $1,495.49 | $6,480 | $77,766 |
| Per Diem (16 hrs) | $996.99 | $4,320 | $51,844 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Newport) | $62.31 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Newport, RI earn a median of $129,619 per year (2026 est.), which is 3.38% lower than the national median of $134,160 and 3.90% below the Rhode Island state average of $134,880.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $62.31/hr = $77,766/year (purchasing power: $77,379).
Working 40h/week (full-time) = $129,609/year (purchasing power: $128,964).
CoL index: 100.5 (100 = national average).
2019 BLS Actual
$50.32/hr
2025 BLS Actual
$60.38/hr
2026 Current Est.
$62.31/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Newport (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $50.32/hr | Actual |
| 2020 | $51.57/hr | Actual |
| 2021 | $49.19/hr | Actual |
| 2022 | $52.94/hr | Actual |
| 2023 | $55.74/hr | Actual |
| 2024 | $55.74/hr | Actual |
| 2025 | $60.38/hr | Actual |
| 2026(current) | $62.31/hr | Estimated |
| 2027 | $64.31/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Newport grew 20.0% from $50.32/hr (2019) to $60.38/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $64.31/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 Newport 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 Newport
Individuals working part-time three days a week, totaling 24 hours, would earn roughly $77,251 annually, whereas full-time colleagues can expect a considerably higher total. Although per-diem actuarial work is less common among junior practitioners due to the need for comprehensive expertise, those at the Fellowship level (FSA/FCAS) can command rates between $250 and $500 per hour for consulting services. In Newport, the range of hourly pay can vary significantly among employer types; life insurance firms like Prudential and MetLife may pay differently compared to health insurance companies like UnitedHealth or consulting firms such as Aon and Mercer. Moreover, some actuaries may opt for lower hourly rates with benefits, like health insurance, versus pursuing higher pay without such perks. For those negotiating hourly wages, highlighting skills in predictive analytics and data science can bolster bargaining positions, reflecting the current demand for these competencies in the actuarial job market.
More salary data for Newport, RI:
Frequently Asked Questions
What is the hourly rate for actuaries in Newport in 2026?
How much do part-time actuaries make in Newport?
Are actuaries in Newport paid hourly or salary?
How much does a full-time actuary make per year in Newport?
Do actuaries earn more per hour working part-time in Newport?
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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 Newport. 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 Newport 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