Actuary Hourly Pay in Erie, CO: $67.01 (2026)
Quick Answer:Hourly pay for a actuary working in Erie, CO runs $67.01 at the median for 2026 — annualizing to $139,380 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Erie's regional price level (BEA RPP 105.0, 5% above national), each hour of work buys what $63.82 nationally would. A 24-hour part-time schedule grosses $83,626 per year.
Based on BLS state-level estimates · View source
Actuaries working in Erie, Colorado can expect to earn a median hourly rate of $67.01, which surpasses the national median hourly figure of $64.50. This favorable rate suggests that even part-time actuaries, working around three days per week, can achieve a respectable income while maintaining a balanced work schedule. The hourly compensation range for actuaries in Erie is broad, extending from $41.18 at the 10th percentile to $103.86 at the 90th percentile, indicating ample opportunity for growth and specialization. It’s important to keep in mind that these hourly figures are derived from projected annual salary data for 2026, reflecting the potential earnings in various actuarial settings, including insurance pricing departments and consulting firms.
About the Erie Market
Salary estimated from Colorado average ($125,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $41.18 | $329.41 |
| Lower Range (P25) | $50.39 | $403.14 |
| Median (P50) | $67.01 | $536.06 |
| Upper Range (P75) | $85.61 | $684.92 |
| Top Earners (P90) | $103.86 | $830.88 |
Estimated Annual Income by Work Schedule in Erie
Based on $67.01/hr median hourly rate · 2026 est.
At $67.01/hr, a actuary working full-time (40 hr/wk) in Erie, CO can expect to earn approximately $139,376 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $80,409. With a cost-of-living index of 105.00 (above the national average), these earnings may be offset by higher expenses in Erie.
Hourly Rate Calculator
Schedule Comparison in Erie
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,680.31 | $11,615 | $139,376 |
| Part-Time (24 hrs) | $1,608.19 | $6,969 | $83,626 |
| Per Diem (16 hrs) | $1,072.12 | $4,646 | $55,750 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Erie) | $67.01 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Erie, CO earn a median of $139,380 per year (2026 est.), which is 3.89% higher than the national median of $134,160 and 1.10% below the Colorado state average of $140,930.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $67.01/hr = $83,626/year (purchasing power: $79,644).
Working 40h/week (full-time) = $139,376/year (purchasing power: $132,739).
CoL index: 105 (100 = national average).
2019 BLS Actual
$54.12/hr
2025 BLS Actual
$64.93/hr
2026 Current Est.
$67.01/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Erie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $54.12/hr | Actual |
| 2020 | $55.46/hr | Actual |
| 2021 | $52.89/hr | Actual |
| 2022 | $56.93/hr | Actual |
| 2023 | $59.94/hr | Actual |
| 2024 | $62.43/hr | Actual |
| 2025 | $64.93/hr | Actual |
| 2026(current) | $67.01/hr | Estimated |
| 2027 | $69.15/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Erie grew 20.0% from $54.12/hr (2019) to $64.93/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $69.15/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 Erie 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 Erie
Examining the earning potential further, a part-time actuary working 24 hours a week would take home approximately $83,652 annually, compared to a full-time peer's earnings that could exceed $139,380. Per diem actuary pay in Erie typically remains uncommon forentry-level positions, but experienced professionals with Fellowship in the Society of Actuaries or the Casualty Actuarial Society can command consulting rates ranging from $250 to $500 per hour. In specialized cases like expert witness testimony, rates can leap to between $400 and $800 per hour. Employers across different sectors, including life and health insurance companies or consulting firms, tend to offer varied hourly rates. While some may opt for lower compensation in exchange for benefits like health insurance, others could prioritize higher pay without such benefits. Negotiation can also hinge on the unique demands of different employer types, so local actuaries should be prepared to advocate for their worth effectively.
More salary data for Erie, CO:
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 Erie. 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 Erie 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