Actuary Hourly Pay in Gadsden, AL: $54.85 (2026)
Quick Answer:Hourly pay for a actuary working in Gadsden, AL runs $54.85 at the median for 2026 — annualizing to $114,092 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Gadsden's regional price level (BEA RPP 87.9, 12% below national), each hour of work buys what $62.40 nationally would. A 24-hour part-time schedule grosses $68,454 per year.
Based on BLS state-level estimates · View source
In Gadsden, Alabama, the 2026 median hourly rate for actuaries is projected at $54.85. This figure is notably below the national median hourly pay of $64.50, reflecting a regional variance that may influence compensation expectations for local professionals. The hourly range for actuaries in this area spans from $36.41 at the entry-level (P10) to approximately $85.02 for the most experienced earners (P90). Part-time actuaries working three days a week can effectively gauge their earnings based on these hourly rates, understanding that their income will vary widely depending on the type of work environment—be it consulting firms engaging in client meetings or insurance companies analyzing actuarial pricing. The hourly pay rates outlined here are estimates derived from annual salary data, providing insight into what aspiring actuaries can anticipate as they navigate their careers in Gadsden.
About the Gadsden 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) | $36.41 | $291.27 |
| Lower Range (P25) | $43.08 | $344.61 |
| Median (P50) | $54.85 | $438.81 |
| Upper Range (P75) | $70.21 | $561.66 |
| Top Earners (P90) | $85.02 | $680.13 |
Estimated Annual Income by Work Schedule in Gadsden
Based on $54.85/hr median hourly rate · 2026 est.
At $54.85/hr, a actuary working full-time (40 hr/wk) in Gadsden, AL can expect to earn approximately $114,090 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $65,821. With a cost-of-living index of 87.90 (below the national average), these earnings stretch further in Gadsden.
Hourly Rate Calculator
Schedule Comparison in Gadsden
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,194.03 | $9,507 | $114,090 |
| Part-Time (24 hrs) | $1,316.42 | $5,704 | $68,454 |
| Per Diem (16 hrs) | $877.61 | $3,803 | $45,636 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Gadsden) | $54.85 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Gadsden, AL earn a median of $114,092 per year (2026 est.), which is 14.96% lower than the national median of $134,160 and 3.30% below the Alabama state average of $117,985.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $54.85/hr = $68,454/year (purchasing power: $77,877).
Working 40h/week (full-time) = $114,090/year (purchasing power: $129,795).
CoL index: 87.9 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$44.30/hr
2025 BLS Actual
$53.15/hr
2026 Current Est.
$54.85/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Gadsden (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $44.30/hr | Actual |
| 2020 | $45.39/hr | Actual |
| 2021 | $43.30/hr | Actual |
| 2022 | $46.60/hr | Actual |
| 2023 | $49.06/hr | Actual |
| 2024 | $44.16/hr | Actual |
| 2025 | $53.15/hr | Actual |
| 2026(current) | $54.85/hr | Estimated |
| 2027 | $56.61/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Gadsden grew 20.0% from $44.30/hr (2019) to $53.15/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $56.61/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 Gadsden 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 Gadsden
Focusing on part-time earnings, a three-day-per-week actuary working 24 hours might expect to take home around $67,080 annually, contrasting significantly with full-time counterparts earning roughly $114,092. While many entry-level actuaries may find the prospect of per-diem work or 1099 contracts less common, seasoned professionals with FSA or FCAS credentials can command impressive hourly rates ranging from $250 to $500 for consulting engagements, significantly impacting potential earnings. Employers such as life insurance firms and health managed care organizations often provide health benefits, prompting some actuaries to accept lower hourly rates for long-term job security and benefits packages. Thus, practical negotiation strategies in Gadsden can be advantageous; understanding market rates and articulating the value of credentials like the ASA or FSA can position candidates favorably in discussions around actuary hourly pay. As professionals consider diverse financial landscapes, it's critical to weigh options between immediate hourly compensation and the broader context of total employment benefits.
More salary data for Gadsden, 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 Gadsden. 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 Gadsden 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