Actuary Hourly Pay in Newport News, VA: $67.08 (2026)
Quick Answer:Hourly pay for a actuary working in Newport News, VA runs $67.08 at the median for 2026 — annualizing to $139,529 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Newport News's regional price level (BEA RPP 103.2, 3% above national), each hour of work buys what $65.00 nationally would. A 24-hour part-time schedule grosses $83,716 per year.
Based on BLS state-level estimates · View source
In Newport News, Virginia, actuaries can expect a median hourly pay of $67.08, which is slightly above the national hourly median of $64.50. This competitive rate offers a comfortable earning potential for both full-time and part-time workers, allowing those who might only seek to work three days a week to still secure viable income. Part-time actuaries practicing in insurance company actuarial pricing departments or consulting firms may find themselves earning within an hourly range that spans from $42.12 for entry-level positions to $103.97 for seasoned professionals. Opportunities for flexible work arrangements are prevalent, including remote or hybrid settings, giving actuaries the chance to balance their work schedules while still achieving significant earnings.
About the Newport News 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) | $42.12 | $336.93 |
| Lower Range (P25) | $51.40 | $411.23 |
| Median (P50) | $67.08 | $536.64 |
| Upper Range (P75) | $85.86 | $686.90 |
| Top Earners (P90) | $103.97 | $831.79 |
Estimated Annual Income by Work Schedule in Newport News
Based on $67.08/hr median hourly rate · 2026 est.
At $67.08/hr, a actuary working full-time (40 hr/wk) in Newport News, VA can expect to earn approximately $139,526 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $80,496. With a cost-of-living index of 103.20 (above the national average), these earnings may be offset by higher expenses in Newport News.
Hourly Rate Calculator
Schedule Comparison in Newport News
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,683.20 | $11,627 | $139,526 |
| Part-Time (24 hrs) | $1,609.92 | $6,976 | $83,716 |
| Per Diem (16 hrs) | $1,073.28 | $4,651 | $55,811 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Newport News) | $67.08 |
| 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 News, VA earn a median of $139,529 per year (2026 est.), which is 4.00% higher than the national median of $134,160 and 0.80% above the Virginia state average of $138,422.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $67.08/hr = $83,716/year (purchasing power: $81,120).
Working 40h/week (full-time) = $139,526/year (purchasing power: $135,200).
CoL index: 103.2 (100 = national average).
2019 BLS Actual
$54.18/hr
2025 BLS Actual
$65.00/hr
2026 Current Est.
$67.08/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Newport News (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $54.18/hr | Actual |
| 2020 | $55.52/hr | Actual |
| 2021 | $52.95/hr | Actual |
| 2022 | $56.99/hr | Actual |
| 2023 | $60.00/hr | Actual |
| 2024 | $64.00/hr | Actual |
| 2025 | $65.00/hr | Actual |
| 2026(current) | $67.08/hr | Estimated |
| 2027 | $69.23/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Newport News grew 20.0% from $54.18/hr (2019) to $65.00/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $69.23/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 News 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 News
Those considering part-time roles as actuaries in Newport News should be aware that working 24 hours a week at the median pay could yield a substantial annual income, illustrating a viable alternative to full-time positions. For actuaries engaged in per diem or agency work, particularly at advanced levels, billing rates can soar to between $250 and $500 per hour, specifically for fellowship holders (FSA/FCAS) during consulting projects. Furthermore, expert witness testimony in complex insurance or pension cases commands even higher rates, ranging from $400 to $800 per hour. Employers in Newport News, including major life and health insurers and consulting firms, can offer differing pay structures, which may influence an actuary's decision to prioritize benefits over a higher hourly rate. Negotiating pay effectively often requires balancing the allure of hourly compensation against the security that comes with traditional benefits—making informed decisions crucial for both recent graduates and seasoned professionals in their career paths.
More salary data for Newport News, 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 Newport News. 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 News 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