Actuary Hourly Pay in Phoenix, AZ: $68.75 (2026)
Quick Answer:Hourly pay for a actuary working in Phoenix, AZ runs $68.75 at the median for 2026 — annualizing to $143,004 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Phoenix's regional price level (BEA RPP 103.3, 3% above national), each hour of work buys what $66.55 nationally would. A 24-hour part-time schedule grosses $85,802 per year.
Official BLS data · View source
Professionals in the field of actuarial science operating in Phoenix, AZ, can expect a median hourly rate of $68.75 in 2026, which signifies a competitive edge over the national median of $64.50. This hourly pay structure facilitates diverse work arrangements, such as part-time roles typically requiring three days a week, where actuaries can efficiently balance workload and life commitments while still earning a substantial income. Entry-level positions may command an hourly wage of around $44.23, while experienced professionals and top earners can see rates rise to as high as $100.29. Many actuaries find employment across various sectors, which can include insurance companies, consulting firms, and pension planning organizations, either in-office or through remote arrangements, further illustrating the flexibility inherent within the actuarial profession's work environments.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $44.23 | $353.85 |
| Lower Range (P25) | $57.88 | $463.08 |
| Median (P50) | $68.75 | $550.01 |
| Upper Range (P75) | $84.83 | $678.64 |
| Top Earners (P90) | $100.29 | $802.32 |
Estimated Annual Income by Work Schedule in Phoenix
Based on $68.75/hr median hourly rate · 2026 est.
At $68.75/hr, a actuary working full-time (40 hr/wk) in Phoenix, AZ can expect to earn approximately $143,004 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $82,502. With a cost-of-living index of 103.32 (above the national average), these earnings may be offset by higher expenses in Phoenix.
Hourly Rate Calculator
Schedule Comparison in Phoenix
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,750.07 | $11,917 | $143,004 |
| Part-Time (24 hrs) | $1,650.04 | $7,150 | $85,802 |
| Per Diem (16 hrs) | $1,100.03 | $4,767 | $57,202 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Phoenix) | $68.75 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Phoenix, AZ earn a median of $143,004 per year (2026 est.), which is 6.59% higher than the national median of $134,160 and 8.20% above the Arizona state average of $132,167.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.75/hr = $85,802/year (purchasing power: $83,048).
Working 40h/week (full-time) = $143,004/year (purchasing power: $138,414).
CoL index: 103.316 (100 = national average).
2019 BLS Actual
$48.62/hr
2025 BLS Actual
$66.62/hr
2026 Current Est.
$68.75/hr
2019–2027 Growth
+45.9%
Hourly Rate Trajectory for Actuaries in Phoenix (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.62/hr | Actual |
| 2020 | $48.58/hr | Actual |
| 2021 | $47.76/hr | Actual |
| 2022 | $52.76/hr | Actual |
| 2023 | $59.04/hr | Actual |
| 2024 | $59.81/hr | Actual |
| 2025 | $66.62/hr | Actual |
| 2026(current) | $68.75/hr | Estimated |
| 2027 | $70.95/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Phoenix grew 37.0% from $48.62/hr (2019) to $66.62/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $70.95/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 Phoenix 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 Phoenix
Analyzing the earning potential reveals significant opportunities for flexible hourly arrangements; an actuary working a 24-hour week will generate substantial income, translating to a much-desired work-life balance. Unlike some fields, per-diem or agency actuarial work usually predominantly attracts those with advanced credentials like FSA or FCAS, where consulting engagements may lead to billing rates between $250 and $500 per hour, significantly impacting their take-home pay. Different employers, ranging from life and health insurance companies like Prudential and Cigna to property and casualty firms such as Progressive, offer varying pay scales and benefits packages. While some may opt for higher hourly compensation with fewer benefits, others might prioritize stability and healthcare options, influencing their choice of employment. Negotiating hourly pay in Phoenix requires clarity on desired compensation and an understanding of local market trends, especially as skills in predictive analytics become increasingly valuable among both insurers and consultants.
More salary data for Phoenix, AZ:
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 Phoenix. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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