Actuary Hourly Pay in Pelham, AL: $52.43 (2026)
Quick Answer:Hourly pay for a actuary working in Pelham, AL runs $52.43 at the median for 2026 — annualizing to $109,056 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Pelham's regional price level (BEA RPP 87.9, 12% below national), each hour of work buys what $59.64 nationally would. A 24-hour part-time schedule grosses $65,427 per year.
Based on BLS state-level estimates · View source
In Pelham, Alabama, the projected median actuary hourly pay for 2026 is set at $52.43, which is noticeably below the national median of $64.50. This rate provides significant earning potential for part-time actuaries, particularly those working three days a week. Based on a typical 24-hour work schedule over a week, part-time professionals can expect to earn approximately $1,257.92 weekly. The hourly range for actuaries in Pelham spans from $34.70 at the entry-level (P10) to $81.15 for top earners (P90). Given that these estimates are derived from yearly salary data, they incorporate factors specific to the actuarial field's work settings, such as insurance company pricing departments and consulting engagements. Thus, understanding these nuances can help shape expectations for both full-time and flexible/hourly work scenarios in this sector.
About the Pelham 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) | $34.70 | $277.57 |
| Lower Range (P25) | $40.95 | $327.60 |
| Median (P50) | $52.43 | $419.40 |
| Upper Range (P75) | $66.85 | $534.82 |
| Top Earners (P90) | $81.15 | $649.17 |
Estimated Annual Income by Work Schedule in Pelham
Based on $52.43/hr median hourly rate · 2026 est.
At $52.43/hr, a actuary working full-time (40 hr/wk) in Pelham, AL can expect to earn approximately $109,045 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $62,911. With a cost-of-living index of 87.90 (below the national average), these earnings stretch further in Pelham.
Hourly Rate Calculator
Schedule Comparison in Pelham
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,097.02 | $9,087 | $109,045 |
| Part-Time (24 hrs) | $1,258.21 | $5,452 | $65,427 |
| Per Diem (16 hrs) | $838.81 | $3,635 | $43,618 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Pelham) | $52.43 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Pelham, AL earn a median of $109,056 per year (2026 est.), which is 18.71% lower than the national median of $134,160 and 7.50% below the Alabama state average of $117,898.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $52.43/hr = $65,427/year (purchasing power: $74,434).
Working 40h/week (full-time) = $109,045/year (purchasing power: $124,056).
CoL index: 87.9 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$42.34/hr
2025 BLS Actual
$50.80/hr
2026 Current Est.
$52.43/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Pelham (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $42.34/hr | Actual |
| 2020 | $43.39/hr | Actual |
| 2021 | $41.38/hr | Actual |
| 2022 | $44.54/hr | Actual |
| 2023 | $46.89/hr | Actual |
| 2024 | $42.21/hr | Actual |
| 2025 | $50.80/hr | Actual |
| 2026(current) | $52.43/hr | Estimated |
| 2027 | $54.10/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Pelham grew 20.0% from $42.34/hr (2019) to $50.80/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $54.10/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 Pelham 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 Pelham
In terms of part-time earnings, working in Pelham for just 24 hours a week allows an actuary to bring home approximately $65,080 annually versus a full-time actuary who can expect a significant amount more. The per-diem or agency work model is less common for junior actuaries, as most commonly FSA or FCAS-level practitioners engage in consulting with billing rates ranging between $250 and $500 per hour. Specializations such as expert witness testimony significantly increase earning potential to between $400 and $800 per hour. Hourly rates can fluctuate based on employer type, with life insurance firms like Prudential and MetLife generally offering different scales than consulting giants like Mercer or Aon. For actuaries, the decision to accept potentially lower compensation for roles with benefits—such as health insurance—versus higher hourly pay without benefits often comes down to personal and family needs. Negotiation strategies in Pelham should emphasize local market conditions and highlight skills specific to emerging needs in predictive analytics and data science, which are increasingly sought after in the current actuarial market.
More salary data for Pelham, AL:
Frequently Asked Questions
What is the hourly rate for actuaries in Pelham in 2026?
How much do part-time actuaries make in Pelham?
Are actuaries in Pelham paid hourly or salary?
How much does a full-time actuary make per year in Pelham?
Do actuaries earn more per hour working part-time in Pelham?
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 Pelham. 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 Pelham 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