Actuary Hourly Pay in Groton, CT: $67.46 (2026)
Quick Answer:Hourly pay for a actuary working in Groton, CT runs $67.46 at the median for 2026 — annualizing to $140,320 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Groton's regional price level (BEA RPP 107.9, 8% above national), each hour of work buys what $62.52 nationally would. A 24-hour part-time schedule grosses $84,192 per year.
Based on BLS state-level estimates · View source
In Groton, Connecticut, the projected actuary hourly rate stands at $67.46 for 2026, showing a competitive edge over the national hourly median of $64.50. This hourly compensation opens several opportunities for part-time and per-diem work, especially within typical settings such as insurance company pricing departments, consulting firm projects, and remote actuarial modeling. For instance, actuaries working three days a week would earn roughly $47,460 annually, which reflects the flexibility in this profession. The hourly wage range spans from $39.36 at the entry-level (10th percentile) to as high as $104.56 for top earners (90th percentile), indicating a healthy earning potential for both novice actuaries and seasoned professionals seeking specialized roles in areas like pension consulting or risk assessment.
About the Groton Market
Salary estimated from Connecticut average ($145,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $39.36 | $314.88 |
| Lower Range (P25) | $53.14 | $425.10 |
| Median (P50) | $67.46 | $539.69 |
| Upper Range (P75) | $86.35 | $690.78 |
| Top Earners (P90) | $104.56 | $836.50 |
Estimated Annual Income by Work Schedule in Groton
Based on $67.46/hr median hourly rate · 2026 est.
At $67.46/hr, a actuary working full-time (40 hr/wk) in Groton, CT can expect to earn approximately $140,321 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $80,954. With a cost-of-living index of 107.90 (above the national average), these earnings may be offset by higher expenses in Groton.
Hourly Rate Calculator
Schedule Comparison in Groton
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,698.47 | $11,693 | $140,321 |
| Part-Time (24 hrs) | $1,619.08 | $7,016 | $84,192 |
| Per Diem (16 hrs) | $1,079.39 | $4,677 | $56,128 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Groton) | $67.46 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Groton, CT earn a median of $140,320 per year (2026 est.), which is 4.59% higher than the national median of $134,160 and 3.10% below the Connecticut state average of $144,809.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $67.46/hr = $84,192/year (purchasing power: $78,028).
Working 40h/week (full-time) = $140,321/year (purchasing power: $130,047).
CoL index: 107.9 (100 = national average).
2019 BLS Actual
$54.48/hr
2025 BLS Actual
$65.37/hr
2026 Current Est.
$67.46/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Groton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $54.48/hr | Actual |
| 2020 | $55.83/hr | Actual |
| 2021 | $53.25/hr | Actual |
| 2022 | $57.32/hr | Actual |
| 2023 | $60.34/hr | Actual |
| 2024 | $72.91/hr | Actual |
| 2025 | $65.37/hr | Actual |
| 2026(current) | $67.46/hr | Estimated |
| 2027 | $69.62/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Groton grew 20.0% from $54.48/hr (2019) to $65.37/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $69.62/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 Groton 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 Groton
When considering part-time work in Groton, actuaries can take home a manageable income with reasonable hours, while per-diem or consulting roles may offer higher billing rates, although such positions are often reserved for those with the FSA or FCAS designations. Junior-level actuaries typically find fewer opportunities for per diem positions, as demand often favors those with advanced credentials who can command rates between $250 and $500 per hour for consulting projects. In Groton, hourly rates can differ significantly based on employer type, with life insurance firms and consulting agencies generally offering better compensation compared to health insurance companies or pension advisors. Accepted lower hourly wages in exchange for comprehensive benefits, such as health insurance, may be a trade-off for some actuaries. When negotiating for hourly roles, especially in consulting or high-demand areas, highlighting specialized skills in predictive analytics can provide leverage in discussions, enhancing overall earning prospects.
More salary data for Groton, CT:
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 Groton. 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 Groton 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