Actuary Hourly Pay in Meriden, CT: $68.71 (2026)
Quick Answer:Hourly pay for a actuary working in Meriden, CT runs $68.71 at the median for 2026 — annualizing to $142,915 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Meriden's regional price level (BEA RPP 107.9, 8% above national), each hour of work buys what $63.68 nationally would. A 24-hour part-time schedule grosses $85,751 per year.
Based on BLS state-level estimates · View source
In Meriden, Connecticut, actuaries earn a median hourly rate of $68.71, which is significantly above the national median of $64.50. This favorable rate highlights the opportunities available for part-time and per-diem workers within the profession, especially in settings like insurance company actuarial pricing departments and consulting firm engagements. For example, a part-time actuary working three days a week, or 24 hours, could bring home an impressive income while enjoying the flexibility that comes with such positions. The hourly earnings range from $44.22 for entry-level positions to approximately $106.50 for the highest earners, providing a competitive landscape for actuaries in Meriden. These figures are derived from annual salary estimates and reflect the growing demand for actuarial expertise in the region.
About the Meriden 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) | $44.22 | $353.77 |
| Lower Range (P25) | $53.14 | $425.10 |
| Median (P50) | $68.71 | $549.68 |
| Upper Range (P75) | $87.95 | $703.58 |
| Top Earners (P90) | $106.50 | $852.02 |
Estimated Annual Income by Work Schedule in Meriden
Based on $68.71/hr median hourly rate · 2026 est.
At $68.71/hr, a actuary working full-time (40 hr/wk) in Meriden, CT can expect to earn approximately $142,918 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $82,453. With a cost-of-living index of 107.90 (above the national average), these earnings may be offset by higher expenses in Meriden.
Hourly Rate Calculator
Schedule Comparison in Meriden
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,748.42 | $11,910 | $142,918 |
| Part-Time (24 hrs) | $1,649.05 | $7,146 | $85,751 |
| Per Diem (16 hrs) | $1,099.37 | $4,764 | $57,167 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Meriden) | $68.71 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Meriden, CT earn a median of $142,915 per year (2026 est.), which is 6.53% higher than the national median of $134,160 and 1.30% below the Connecticut state average of $144,798.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.71/hr = $85,751/year (purchasing power: $79,472).
Working 40h/week (full-time) = $142,918/year (purchasing power: $132,454).
CoL index: 107.9 (100 = national average).
2019 BLS Actual
$55.49/hr
2025 BLS Actual
$66.58/hr
2026 Current Est.
$68.71/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Meriden (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $55.49/hr | Actual |
| 2020 | $56.86/hr | Actual |
| 2021 | $54.24/hr | Actual |
| 2022 | $58.38/hr | Actual |
| 2023 | $61.46/hr | Actual |
| 2024 | $74.26/hr | Actual |
| 2025 | $66.58/hr | Actual |
| 2026(current) | $68.71/hr | Estimated |
| 2027 | $70.91/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Meriden grew 20.0% from $55.49/hr (2019) to $66.58/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $70.91/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 Meriden 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 Meriden
Considering the financial implications of part-time versus full-time positions, a 24-hour workweek translates to a significant annual income of around $85,632, highlighting the potential for actuaries to maintain a solid income while pursuing other commitments. Per diem and agency work, although less common for early-career actuaries, can be lucrative for those with advanced credentials, with rates for consulting engagements reaching between $250 and $500 per hour. Insurance litigation as expert witnesses may command even higher fees, ranging from $400 to $800. In Meriden, hourly pay structures can vary widely depending on employer type, with life insurance companies and consulting firms typically offering higher compensation compared to traditional insurance roles. Actuaries often face a trade-off between higher hourly pay without benefits or lower pay with comprehensive health insurance packages. For those negotiating their hourly rates in Meriden, having clarity on current market trends and the unique demands of different employers can be invaluable in securing favorable terms.
More salary data for Meriden, 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 Meriden. 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 Meriden 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