Actuary Hourly Pay in Torrington, CT: $67.69 (2026)
Quick Answer:Hourly pay for a actuary working in Torrington, CT runs $67.69 at the median for 2026 — annualizing to $140,793 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Torrington's regional price level (BEA RPP 107.9, 8% above national), each hour of work buys what $62.73 nationally would. A 24-hour part-time schedule grosses $84,476 per year.
Based on BLS state-level estimates · View source
Torrington, Connecticut, offers a competitive actuary hourly pay of $67.69, which exceeds the national average of $64.50/hr by nearly 5%. This favorable rate makes the city an attractive option for both part-time professionals and per diem workers in fields such as insurance pricing, pension consultations, and actuarial modeling. For those working three days a week, effectively totaling about 24 hours, the earning potential aligns well with the region’s cost of living and the increased demand for actuarial services. Entry-level positions may start at around $39.94/hr, gradually advancing towards the $104.91/hr mark for experienced actuaries. These hourly rates, derived from annual salary projections, highlight the opportunity for career growth and the possibility of flexible working arrangements in Torrington's various actuarial sectors.
About the Torrington 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) | $39.94 | $319.51 |
| Lower Range (P25) | $53.60 | $428.82 |
| Median (P50) | $67.69 | $541.51 |
| Upper Range (P75) | $86.65 | $693.17 |
| Top Earners (P90) | $104.91 | $839.30 |
Estimated Annual Income by Work Schedule in Torrington
Based on $67.69/hr median hourly rate · 2026 est.
At $67.69/hr, a actuary working full-time (40 hr/wk) in Torrington, CT can expect to earn approximately $140,793 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $81,227. With a cost-of-living index of 107.90 (above the national average), these earnings may be offset by higher expenses in Torrington.
Hourly Rate Calculator
Schedule Comparison in Torrington
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,707.56 | $11,733 | $140,793 |
| Part-Time (24 hrs) | $1,624.53 | $7,040 | $84,476 |
| Per Diem (16 hrs) | $1,083.02 | $4,693 | $56,317 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Torrington) | $67.69 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Torrington, CT earn a median of $140,793 per year (2026 est.), which is 4.94% higher than the national median of $134,160 and 2.70% below the Connecticut state average of $144,700.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $67.69/hr = $84,476/year (purchasing power: $78,291).
Working 40h/week (full-time) = $140,793/year (purchasing power: $130,485).
CoL index: 107.9 (100 = national average).
2019 BLS Actual
$54.67/hr
2025 BLS Actual
$65.59/hr
2026 Current Est.
$67.69/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Torrington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $54.67/hr | Actual |
| 2020 | $56.02/hr | Actual |
| 2021 | $53.43/hr | Actual |
| 2022 | $57.51/hr | Actual |
| 2023 | $60.54/hr | Actual |
| 2024 | $73.16/hr | Actual |
| 2025 | $65.59/hr | Actual |
| 2026(current) | $67.69/hr | Estimated |
| 2027 | $69.85/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Torrington grew 20.0% from $54.67/hr (2019) to $65.59/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $69.85/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 Torrington 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 Torrington
When looking at potential income streams for actuaries, it's essential to understand the possibilities that part-time and per-diem work present. A 3-day work week could yield an annual take-home significantly less than full-time salaries, yet it allows for flexibility that many professionals value. For seasoned professionals with Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) designations, consulting roles that command hourly billing rates between $250 and $500 are common. Additionally, expert witness roles in litigation can lead to rates of $400 to $800/hr, highlighting the diversity in potential earnings based on experience and specialization. Different employer types in Torrington—ranging from life insurance giants like MetLife to consulting firms like Aon—offer varying compensation structures, often weighing hourly rates against benefits like health insurance. Therefore, negotiation becomes key; actuaries may need to adjust their expectations based on the job's advantages, benefits included, and overall workplace culture.
More salary data for Torrington, 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 Torrington. 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 Torrington 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