Actuary Hourly Pay in Mechanicsville, VA: $64.30 (2026)
Quick Answer:Hourly pay for a actuary working in Mechanicsville, VA runs $64.30 at the median for 2026 — annualizing to $133,756 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Mechanicsville's regional price level (BEA RPP 103.2, 3% above national), each hour of work buys what $62.31 nationally would. A 24-hour part-time schedule grosses $80,251 per year.
Based on BLS state-level estimates · View source
In Mechanicsville, the actuarial profession is expected to command a median hourly rate of $64.30 as projected for 2026. This figure is slightly below the national median of $64.50, suggesting that while local pay rates are competitive, there may be room for improvement. For actuaries working part-time—say, three days a week—this translates to a gross income that can significantly enhance work-life balance while still providing a solid income. Entry-level actuaries can expect to earn around $42.53/hour, while seasoned professionals may see rates climbing to $99.67/hour, emphasizing the potential for growth within the field. The hourly rates in Mechanicsville, while derived from annual salary data, encapsulate the growing demand for actuaries in various settings, including insurance companies, consulting firms, and reinsurance teams, reflecting both the skill level and expertise required for the role.
About the Mechanicsville Market
Salary estimated from Virginia average ($128,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $42.53 | $340.23 |
| Lower Range (P25) | $48.96 | $391.66 |
| Median (P50) | $64.30 | $514.43 |
| Upper Range (P75) | $82.31 | $658.50 |
| Top Earners (P90) | $99.67 | $797.36 |
Estimated Annual Income by Work Schedule in Mechanicsville
Based on $64.30/hr median hourly rate · 2026 est.
At $64.30/hr, a actuary working full-time (40 hr/wk) in Mechanicsville, VA can expect to earn approximately $133,752 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $77,165. With a cost-of-living index of 103.20 (above the national average), these earnings may be offset by higher expenses in Mechanicsville.
Hourly Rate Calculator
Schedule Comparison in Mechanicsville
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,572.16 | $11,146 | $133,752 |
| Part-Time (24 hrs) | $1,543.29 | $6,688 | $80,251 |
| Per Diem (16 hrs) | $1,028.86 | $4,458 | $53,501 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Mechanicsville) | $64.30 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Mechanicsville, VA earn a median of $133,756 per year (2026 est.), which is 0.30% lower than the national median of $134,160 and 3.40% below the Virginia state average of $138,464.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $64.30/hr = $80,251/year (purchasing power: $77,763).
Working 40h/week (full-time) = $133,752/year (purchasing power: $129,605).
CoL index: 103.2 (100 = national average).
2019 BLS Actual
$51.93/hr
2025 BLS Actual
$62.31/hr
2026 Current Est.
$64.30/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Mechanicsville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $51.93/hr | Actual |
| 2020 | $53.22/hr | Actual |
| 2021 | $50.76/hr | Actual |
| 2022 | $54.64/hr | Actual |
| 2023 | $57.52/hr | Actual |
| 2024 | $61.35/hr | Actual |
| 2025 | $62.31/hr | Actual |
| 2026(current) | $64.30/hr | Estimated |
| 2027 | $66.36/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Mechanicsville grew 20.0% from $51.93/hr (2019) to $62.31/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $66.36/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 Mechanicsville 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 Mechanicsville
When considering part-time positions, actuaries in Mechanicsville can anticipate an annual income from a 24-hour workweek to be roughly $79,950, a comfortable figure against the backdrop of local costs. Conversely, per-diem work within the profession tends to be less common at junior levels, with advanced credentials like FSA or FCAS allowing for consulting fees billed at $250-$500 per hour. Expert testimony, particularly in litigation cases related to insurance or pension issues, might even command rates between $400 to $800 hourly. The varied hourly rates across different employer types highlight a complex compensation structure: life insurance companies might offer steadier income with benefits, while consultancy roles may promise higher hourly rates accompanied by less job security. Negotiating hourly pay effectively involves understanding the balance between overall compensation and benefits; actuaries must assess whether a lower rate with health coverage compensates for the higher pay of contract work void of such security. Understanding these nuances will guide professionals in making sound career choices in the Mechanicsville market.
More salary data for Mechanicsville, VA:
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 Mechanicsville. 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 Mechanicsville 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