Actuary Salary in Hobbs, NM: $105,265 (2026)
Quick Answer:A full-time actuary in Hobbs, NM earns a median $105,265/year (≈ $50.61/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Hobbs's price level (6% below national, BEA RPP 94.4), that paycheck buys what $111,510 would nationally. Nominal pay sits 2.8% below the New Mexico state average.
Based on BLS state-level estimates · View source
In Hobbs, New Mexico, actuaries can expect a median annual salary of $105,265 in 2026, a figure that reflects a substantial gap compared to the national median of $134,160. The local pay range extends from $62,067 at the 10th percentile to $163,161 at the 90th percentile, indicating a diverse job market for professionals in this field. These projected estimates are derived from state-level data and adjusted for regional cost factors, encapsulating the economic dynamics specific to the Hobbs area. Amidst this context, professionals engaged in actuarial consulting with firms like Milliman or Mercer tend to command higher salaries than those working with insurance companies, illustrating a noteworthy pay gradient that influences local compensation structures.
About the Hobbs Market
Salary estimated from New Mexico average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $62,067 | $29.84 |
| Lower Range (P25) | $83,320 | $40.06 |
| Median (P50)(typical) | $105,265 | $50.61 |
| Upper Range (P75) | $134,739 | $64.78 |
| Top Earners (P90) | $163,161 | $78.44 |
Median Salary Position
21.54% below the national average
2026 Salary Percentile Distribution in Hobbs
In Hobbs, NM, the actuary salary spread from the 10th to 90th percentile is $101,094 (2026 est.). At $105,265, the local median is 21.54% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Hobbs: You'd be in the lower-middle range
How Hobbs Actuary Pay Compares
Hobbs median: $105,265/year (2026)
| Compared To | Median Salary | Hobbs Pays |
|---|---|---|
| New Mexico Average | $108,297 | -2.80% less |
| National Average | $134,160 | -21.54% less |
Actuarys in Hobbs, NM earn a median of $105,265 per year (2026 est.), which is 21.54% lower than the national median of $134,160 and 2.80% below the New Mexico state average of $108,297.
Cost-of-Living Adjusted Salary
Hobbs has a cost of living 5.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hobbs, NM has a cost-of-living index of 94.4 (below the national average of 100). A actuary earning $105,265 nominally has purchasing power equivalent to $111,510 in an average-cost city — an effective 5.93% boost.
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2019 BLS Actual
$85,014
2025 BLS Actual
$102,001
2026 Current Est.
$105,265
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Hobbs (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $85,014 | Actual |
| 2020 | $87,117 | Actual |
| 2021 | $83,092 | Actual |
| 2022 | $89,439 | Actual |
| 2023 | $94,155 | Actual |
| 2024 | $99,135 | Actual |
| 2025 | $102,001 | Actual |
| 2026(current) | $105,265 | Estimated |
| 2027 | $108,634 | Projected |
Based on 7 years of BLS OEWS data for the Hobbs metropolitan area, the median actuary salary grew 20.0% from $85,014 (2019) to $102,001 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $108,634 by 2027 — a total increase of $23,620 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hobbs 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $62,067 – $83,320 |
| 3-5 years (Mid Career) | $83,320 – $105,265 |
| 5+ years (Experienced) | $105,265 – $134,739 |
| 10+ years (Top Earner) | $134,739 – $163,161 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Hobbs
Actuaries in Hobbs face a relatively stable local job market with just 9 actuaries currently employed, presenting distinct challenges and opportunities. The cost of living index lies at 94.4, below the national average, which can enhance purchasing power for residents. Within this market, consulting firms and reinsurance companies typically offer the most competitive pay, making them attractive employers for actuaries seeking to maximize their compensation. The notable disparity between lower and higher salaries is largely driven by exam progression and specialization; each passed exam can elevate an actuary's base pay significantly. For those aiming to boost their earnings, targeting positions in consulting or acquiring advanced credentials such as FSA or FCAS, which are highly valued, will be essential to maximizing actuarial pay in Hobbs, NM.
More salary data for Hobbs, NM:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $102,001 for actuariesin the Hobbs metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Hobbs 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