Actuary Hourly Pay in Norwich, CT: $67.45 (2026)
Quick Answer:Hourly pay for a actuary working in Norwich, CT runs $67.45 at the median for 2026 — annualizing to $140,298 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Norwich's regional price level (BEA RPP 107.9, 8% above national), each hour of work buys what $62.51 nationally would. A 24-hour part-time schedule grosses $84,179 per year.
Based on BLS state-level estimates · View source
With a median hourly pay of $67.45 for actuaries in Norwich, Connecticut, professionals in this field enjoy compensation that exceeds the national median of $64.50. This translates to robust earning potential for both full-time employees and those working part-time or on a per-diem basis. Part-time work typically involves a schedule of three days a week; for an actuary clocking 24 hours, the annual income can be substantial. The hourly rate varies significantly, ranging from $39.33 for entry-level positions to $104.55 for top earners. These estimates stem from the projected annual salaries for 2026 and give a reliable snapshot of the pay landscape for actuaries operating in local sectors such as insurance companies, consulting firms, and remote actuarial modeling environments.
About the Norwich 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) | $39.33 | $314.64 |
| Lower Range (P25) | $51.62 | $412.97 |
| Median (P50) | $67.45 | $539.61 |
| Upper Range (P75) | $86.34 | $690.70 |
| Top Earners (P90) | $104.55 | $836.42 |
Estimated Annual Income by Work Schedule in Norwich
Based on $67.45/hr median hourly rate · 2026 est.
At $67.45/hr, a actuary working full-time (40 hr/wk) in Norwich, CT can expect to earn approximately $140,299 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $80,942. With a cost-of-living index of 107.90 (above the national average), these earnings may be offset by higher expenses in Norwich.
Hourly Rate Calculator
Schedule Comparison in Norwich
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,698.06 | $11,692 | $140,299 |
| Part-Time (24 hrs) | $1,618.84 | $7,015 | $84,179 |
| Per Diem (16 hrs) | $1,079.22 | $4,677 | $56,120 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Norwich) | $67.45 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Norwich, CT earn a median of $140,298 per year (2026 est.), which is 4.58% higher than the national median of $134,160 and 3.10% below the Connecticut state average of $144,787.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $67.45/hr = $84,179/year (purchasing power: $78,016).
Working 40h/week (full-time) = $140,299/year (purchasing power: $130,027).
CoL index: 107.9 (100 = national average).
2019 BLS Actual
$54.48/hr
2025 BLS Actual
$65.36/hr
2026 Current Est.
$67.45/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Norwich (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 | $55.82/hr | Actual |
| 2021 | $53.24/hr | Actual |
| 2022 | $57.31/hr | Actual |
| 2023 | $60.33/hr | Actual |
| 2024 | $72.90/hr | Actual |
| 2025 | $65.36/hr | Actual |
| 2026(current) | $67.45/hr | Estimated |
| 2027 | $69.61/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Norwich grew 20.0% from $54.48/hr (2019) to $65.36/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $69.61/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 Norwich 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 Norwich
Part-time actuaries in Norwich can expect to take home approximately $85,237 annually for a three-day workweek, which is a considerable sum when juxtaposed with full-time colleagues. Although per-diem actuary roles are less common at junior levels, more seasoned professionals, especially those who hold FSA or FCAS designations, can command impressive rates in consulting settings—billing clients anywhere from $250 to $500 an hour. For those providing expert testimony in insurance or pension litigation, rates can soar to between $400 and $800 per hour. Employers such as life insurance firms, health management companies, and consulting powerhouses often showcase varying hourly rates based on benefits offered. Actuaries often face a benefits trade-off; some may gravitate toward lower hourly earnings for comprehensive health insurance, while others might accept higher pay without benefits. For those pursuing hourly positions in Norwich, it’s prudent to negotiate effectively, highlighting specialized skills, such as experience with predictive analytics or exam progressions, which can enhance one’s value in this competitive field.
More salary data for Norwich, 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 Norwich. 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 Norwich 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