Actuary Hourly Pay in Hoover, AL: $57.25 (2026)
Quick Answer:Hourly pay for a actuary working in Hoover, AL runs $57.25 at the median for 2026 — annualizing to $119,068 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Hoover's regional price level (BEA RPP 87.9, 12% below national), each hour of work buys what $65.13 nationally would. A 24-hour part-time schedule grosses $71,442 per year.
Based on BLS state-level estimates · View source
In Hoover, Alabama, actuaries earn a median hourly rate of $57.25, which notably falls below the national median of $64.50. This disparity highlights local market conditions and cost-of-living factors that can influence earning potential. For those considering part-time opportunities, such as working three days a week, this hourly rate translates into a yearly income that can provide a comfortable living, though less than a full-time salary. Actuaries in various settings, including insurance company actuarial departments and consulting firms, experience a broad hourly pay range from about $34.33 at the entry level to up to $88.73 for top earners. While these figures are projections for 2026, they offer insights into the pay structure for this profession in Hoover and the surrounding areas.
About the Hoover 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) | $34.33 | $274.68 |
| Lower Range (P25) | $42.38 | $339.07 |
| Median (P50) | $57.25 | $457.96 |
| Upper Range (P75) | $73.27 | $586.18 |
| Top Earners (P90) | $88.73 | $709.85 |
Estimated Annual Income by Work Schedule in Hoover
Based on $57.25/hr median hourly rate · 2026 est.
At $57.25/hr, a actuary working full-time (40 hr/wk) in Hoover, AL can expect to earn approximately $119,070 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $68,694. With a cost-of-living index of 87.90 (below the national average), these earnings stretch further in Hoover.
Hourly Rate Calculator
Schedule Comparison in Hoover
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,289.80 | $9,922 | $119,070 |
| Part-Time (24 hrs) | $1,373.88 | $5,953 | $71,442 |
| Per Diem (16 hrs) | $915.92 | $3,969 | $47,628 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Hoover) | $57.25 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Hoover, AL earn a median of $119,068 per year (2026 est.), which is 11.25% lower than the national median of $134,160 and 1.00% above the Alabama state average of $117,889.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $57.25/hr = $71,442/year (purchasing power: $81,276).
Working 40h/week (full-time) = $119,070/year (purchasing power: $135,460).
CoL index: 87.9 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.23/hr
2025 BLS Actual
$55.47/hr
2026 Current Est.
$57.25/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Hoover (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.23/hr | Actual |
| 2020 | $47.38/hr | Actual |
| 2021 | $45.19/hr | Actual |
| 2022 | $48.64/hr | Actual |
| 2023 | $51.20/hr | Actual |
| 2024 | $46.08/hr | Actual |
| 2025 | $55.47/hr | Actual |
| 2026(current) | $57.25/hr | Estimated |
| 2027 | $59.08/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Hoover grew 20.0% from $46.23/hr (2019) to $55.47/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $59.08/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 Hoover 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 Hoover
When examining the earning potential for actuaries working part-time (24 hours a week) in Hoover, they can expect considerably lower annual income compared to full-time counterparts. Per-diem actuarial work is more relevant for seasoned professionals, particularly those with FSA or FCAS credentials, who may bill clients $250-$500 an hour for consulting engagements. In specialized roles, such as expert witness testimony in litigation, billing rates can soar to between $400-$800 per hour. Hourly rates can vary significantly depending on the employer type—employees of life insurance firms like Prudential or health insurers such as UnitedHealth and Cigna often have different compensation structures. Actuaries who prioritize benefits over hourly rates might choose to work with firms that offer health insurance as part of their compensation package. For those entering the profession in Hoover, understanding how to negotiate effectively can lead to improved hourly wages and overall job satisfaction.
More salary data for Hoover, AL:
Frequently Asked Questions
What is the hourly rate for actuaries in Hoover in 2026?
How much do part-time actuaries make in Hoover?
Are actuaries in Hoover paid hourly or salary?
How much does a full-time actuary make per year in Hoover?
Do actuaries earn more per hour working part-time in Hoover?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Alabama
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 Hoover. 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 Hoover 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