Actuary Hourly Pay in Florence, SC: $57.30 (2026)
Quick Answer:Hourly pay for a actuary working in Florence, SC runs $57.30 at the median for 2026 — annualizing to $119,184 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Florence's regional price level (BEA RPP 91.5, 8% below national), each hour of work buys what $62.62 nationally would. A 24-hour part-time schedule grosses $71,506 per year.
Based on BLS state-level estimates · View source
In Florence, SC, actuaries can expect a median hourly pay of $57.30, which reflects a notable 11.16% decrease compared to the national median of $64.50 for this profession. This hourly rate is applicable across various work settings, such as insurance company actuarial pricing departments or consulting firm engagements, allowing flexibility for part-time and per-diem roles. For actuaries working three days per week, the calculated hourly rate supports a comfortable living while accommodating for work-life balance. Entry-level actuaries might earn around $33.64 per hour, whereas experienced professionals can achieve top earnings, reaching $88.81 per hour. These figures show that there is a wide range in compensation based on experience and specialization, allowing for a diverse set of opportunities in the local job market.
About the Florence Market
Salary estimated from South Carolina average ($108,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $33.64 | $269.15 |
| Lower Range (P25) | $45.25 | $362.03 |
| Median (P50) | $57.30 | $458.37 |
| Upper Range (P75) | $73.15 | $585.19 |
| Top Earners (P90) | $88.81 | $710.51 |
Estimated Annual Income by Work Schedule in Florence
Based on $57.30/hr median hourly rate · 2026 est.
At $57.30/hr, a actuary working full-time (40 hr/wk) in Florence, SC can expect to earn approximately $119,177 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $68,756. With a cost-of-living index of 91.50 (below the national average), these earnings stretch further in Florence.
Hourly Rate Calculator
Schedule Comparison in Florence
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,291.87 | $9,931 | $119,177 |
| Part-Time (24 hrs) | $1,375.12 | $5,959 | $71,506 |
| Per Diem (16 hrs) | $916.75 | $3,973 | $47,671 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Florence) | $57.30 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Florence, SC earn a median of $119,184 per year (2026 est.), which is 11.16% lower than the national median of $134,160 and 2.90% below the South Carolina state average of $122,743.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $57.30/hr = $71,506/year (purchasing power: $78,149).
Working 40h/week (full-time) = $119,177/year (purchasing power: $130,248).
CoL index: 91.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.27/hr
2025 BLS Actual
$55.52/hr
2026 Current Est.
$57.30/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Florence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.27/hr | Actual |
| 2020 | $47.42/hr | Actual |
| 2021 | $45.23/hr | Actual |
| 2022 | $48.68/hr | Actual |
| 2023 | $51.25/hr | Actual |
| 2024 | $46.13/hr | Actual |
| 2025 | $55.52/hr | Actual |
| 2026(current) | $57.30/hr | Estimated |
| 2027 | $59.13/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Florence grew 20.0% from $46.27/hr (2019) to $55.52/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $59.13/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 Florence 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 Florence
The potential for part-time work in Florence opens unique earnings avenues, especially when considering that an actuary working a 24-hour week could earn around $71,184 annually compared to a full-time peer making significantly more due to the increased hours. While per-diem or agency work is less common at junior levels, seasoned actuaries in consulting roles often command rates ranging from $250 to $500 per hour, particularly for specialized tasks like financial modeling or expert testimony in litigation cases, where rates can jump to between $400 and $800. Employers across different sectors in Florence, including life insurance companies like Prudential and reinsurance firms like Munich Re, offer varying pay scales. Some actuaries choose positions with lower hourly rates in exchange for benefits such as health insurance, influencing their career decisions. It’s advisable for hourly workers in this market to understand their worth and explore negotiation strategies tailored to their specific skill set, especially as demand for data analytics expertise continues to grow in the industry.
More salary data for Florence, SC:
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 Florence. 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 Florence 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