Actuary Hourly Pay in Decatur, AL: $56.80 (2026)
Quick Answer:Hourly pay for a actuary working in Decatur, AL runs $56.80 at the median for 2026 — annualizing to $118,143 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Decatur's regional price level (BEA RPP 87.9, 12% below national), each hour of work buys what $64.62 nationally would. A 24-hour part-time schedule grosses $70,888 per year.
Based on BLS state-level estimates · View source
In Decatur, Alabama, the actuary hourly pay stands at a median rate of $56.80, which is notably lower than the national median hourly rate of $64.50. This difference reflects local market dynamics and can influence opportunities for those seeking part-time or per-diem positions in various actuarial settings. For instance, working three days a week may allow a professional to earn about $4,542 monthly, making it feasible to balance other commitments while enjoying a stable income. Entry-level actuaries in Decatur might start at an hourly rate of $33.29, while experienced top earners can see their hourly pay reaching $88.04. These rates serve as a guidance derived from annual salary projections, demonstrating that a career in actuarial science can offer diverse earning opportunities.
About the Decatur Market
Salary estimated from Alabama average ($108,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $33.29 | $266.34 |
| Lower Range (P25) | $41.52 | $332.14 |
| Median (P50) | $56.80 | $454.41 |
| Upper Range (P75) | $72.70 | $581.64 |
| Top Earners (P90) | $88.04 | $704.32 |
Estimated Annual Income by Work Schedule in Decatur
Based on $56.80/hr median hourly rate · 2026 est.
At $56.80/hr, a actuary working full-time (40 hr/wk) in Decatur, AL can expect to earn approximately $118,147 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $68,162. With a cost-of-living index of 87.90 (below the national average), these earnings stretch further in Decatur.
Hourly Rate Calculator
Schedule Comparison in Decatur
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,272.05 | $9,846 | $118,147 |
| Part-Time (24 hrs) | $1,363.23 | $5,907 | $70,888 |
| Per Diem (16 hrs) | $908.82 | $3,938 | $47,259 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Decatur) | $56.80 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Decatur, AL earn a median of $118,143 per year (2026 est.), which is 11.94% lower than the national median of $134,160 and 0.20% above the Alabama state average of $117,908.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $56.80/hr = $70,888/year (purchasing power: $80,646).
Working 40h/week (full-time) = $118,147/year (purchasing power: $134,410).
CoL index: 87.9 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$45.87/hr
2025 BLS Actual
$55.04/hr
2026 Current Est.
$56.80/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Decatur (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $45.87/hr | Actual |
| 2020 | $47.01/hr | Actual |
| 2021 | $44.84/hr | Actual |
| 2022 | $48.26/hr | Actual |
| 2023 | $50.81/hr | Actual |
| 2024 | $45.72/hr | Actual |
| 2025 | $55.04/hr | Actual |
| 2026(current) | $56.80/hr | Estimated |
| 2027 | $58.62/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Decatur grew 20.0% from $45.87/hr (2019) to $55.04/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $58.62/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 Decatur 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 Decatur
Examining the workings of per-diem engagements and their appeal reveals a mixed picture for actuaries in Decatur. Part-time workers earning approximately $3,643 monthly for a 3-day workweek might yield an annual income that still falls short when compared to full-time commitments. Typically, per-diem actuarial work is less common at junior levels, as advanced qualifications become critical for consulting roles that can command billing rates between $250 and $500 per hour. In Decatur, actuaries employed by life insurance companies like Prudential or reinsurance firms like Munich Re may witness varied hourly pay scales. For many, the choice to accept lower hourly rates in exchange for enhanced benefits such as health insurance is a crucial consideration in their career path. Negotiation tips for hourly actuaries include focusing on the value brought to prospective employers—articulating experience and specialization can help secure more advantageous terms in a market where competition for top positions is ever-present.
More salary data for Decatur, AL:
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 Decatur. 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 Decatur 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