Actuary Hourly Pay in Fairmont, WV: $42.80 (2026)
Quick Answer:Hourly pay for a actuary working in Fairmont, WV runs $42.80 at the median for 2026 — annualizing to $89,023 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Fairmont's regional price level (BEA RPP 86.5, 13% below national), each hour of work buys what $49.48 nationally would. A 24-hour part-time schedule grosses $53,411 per year.
Based on BLS state-level estimates · View source
In Fairmont, WV, the projected median hourly pay for actuaries in 2026 stands at $42.80, significantly lower than the national median of $64.50. This hourly rate reflects the unique market dynamics in Fairmont, making it a relevant factor for those considering part-time positions or per-diem work. For instance, an actuary working three days a week for a total of 24 hours would earn roughly $5,134 monthly before taxes, making it feasible to balance work with other commitments. The hourly range spans from $28.77 for entry-level positions to around $66.34 for top earners, allowing for a diverse range of earning potential in various settings, which include insurance companies and consulting firms where actuaries often operate on a hybrid basis.
About the Fairmont Market
Salary estimated from West Virginia average ($95,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $28.77 | $230.18 |
| Lower Range (P25) | $33.76 | $270.05 |
| Median (P50) | $42.80 | $342.38 |
| Upper Range (P75) | $54.79 | $438.31 |
| Top Earners (P90) | $66.34 | $530.70 |
Estimated Annual Income by Work Schedule in Fairmont
Based on $42.80/hr median hourly rate · 2026 est.
At $42.80/hr, a actuary working full-time (40 hr/wk) in Fairmont, WV can expect to earn approximately $89,018 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $51,356. With a cost-of-living index of 86.50 (below the national average), these earnings stretch further in Fairmont.
Hourly Rate Calculator
Schedule Comparison in Fairmont
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,711.88 | $7,418 | $89,018 |
| Part-Time (24 hrs) | $1,027.13 | $4,451 | $53,411 |
| Per Diem (16 hrs) | $684.75 | $2,967 | $35,607 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Fairmont) | $42.80 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Fairmont, WV earn a median of $89,023 per year (2026 est.), which is 33.64% lower than the national median of $134,160 and 6.90% below the West Virginia state average of $95,621.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $42.80/hr = $53,411/year (purchasing power: $61,746).
Working 40h/week (full-time) = $89,018/year (purchasing power: $102,911).
CoL index: 86.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$34.56/hr
2025 BLS Actual
$41.47/hr
2026 Current Est.
$42.80/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Fairmont (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $34.56/hr | Actual |
| 2020 | $35.42/hr | Actual |
| 2021 | $33.78/hr | Actual |
| 2022 | $36.36/hr | Actual |
| 2023 | $38.28/hr | Actual |
| 2024 | $36.76/hr | Actual |
| 2025 | $41.47/hr | Actual |
| 2026(current) | $42.80/hr | Estimated |
| 2027 | $44.17/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Fairmont grew 20.0% from $34.56/hr (2019) to $41.47/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $44.17/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 Fairmont 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 Fairmont
For those exploring part-time opportunities, the annual earnings of an actuary working 24 hours a week would approximate $61,606, presenting a valid option compared to full-time employment. While freelance work in the form of per-diem actuary pay is less common at junior levels, experienced professionals, especially those in FSA or FCAS roles, can command higher rates—billing anywhere from $250 to $500 per hour for consulting work. Variations across employers also affect hourly compensation; firms focused on life and health insurance may offer stable rates with additional benefits, contrasting with those in the property and casualty sector, which may provide higher compensation without benefits. Actuaries might sometimes accept lower hourly rates in exchange for traditional benefits, so it’s essential to negotiate accordingly, understanding the unique landscape of Fairmont's job market.
More salary data for Fairmont, WV:
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 Fairmont. 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 Fairmont 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