Actuary Hourly Pay in Newark, DE: $61.48 (2026)
Quick Answer:Hourly pay for a actuary working in Newark, DE runs $61.48 at the median for 2026 — annualizing to $127,861 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Newark's regional price level (BEA RPP 101.7, 2% above national), each hour of work buys what $60.45 nationally would. A 24-hour part-time schedule grosses $76,722 per year.
Based on BLS state-level estimates · View source
In Newark, Delaware, actuaries earn a median hourly pay of $61.48, which is slightly below the national median of $64.50. This means that professionals in this field can expect to earn a substantial wage, whether they are engaged in full-time roles or part-time positions. For those working three days a week, this hourly rate translates into significant weekly earnings, particularly in environments such as insurance company actuarial pricing departments or consulting firms. The hourly pay range for actuaries in Newark spans from $38.46 at the entry-level to $95.28 for top earners, highlighting ample opportunities for career growth and advancement. It’s also worth noting that these rates are derived from annual salary estimates, demonstrating the stability of earnings in an essential field marked by risk assessment and financial strategy.
About the Newark Market
Salary estimated from Delaware average ($130,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $38.46 | $307.70 |
| Lower Range (P25) | $46.54 | $372.35 |
| Median (P50) | $61.48 | $491.81 |
| Upper Range (P75) | $78.68 | $629.44 |
| Top Earners (P90) | $95.28 | $762.28 |
Estimated Annual Income by Work Schedule in Newark
Based on $61.48/hr median hourly rate · 2026 est.
At $61.48/hr, a actuary working full-time (40 hr/wk) in Newark, DE can expect to earn approximately $127,871 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,771. With a cost-of-living index of 101.70 (above the national average), these earnings may be offset by higher expenses in Newark.
Hourly Rate Calculator
Schedule Comparison in Newark
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,459.05 | $10,656 | $127,871 |
| Part-Time (24 hrs) | $1,475.43 | $6,394 | $76,722 |
| Per Diem (16 hrs) | $983.62 | $4,262 | $51,148 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Newark) | $61.48 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Newark, DE earn a median of $127,861 per year (2026 est.), which is 4.70% lower than the national median of $134,160 and 0.60% below the Delaware state average of $128,632.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $61.48/hr = $76,722/year (purchasing power: $75,440).
Working 40h/week (full-time) = $127,871/year (purchasing power: $125,733).
CoL index: 101.7 (100 = national average).
2019 BLS Actual
$49.65/hr
2025 BLS Actual
$59.57/hr
2026 Current Est.
$61.48/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Newark (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.65/hr | Actual |
| 2020 | $50.88/hr | Actual |
| 2021 | $48.53/hr | Actual |
| 2022 | $52.23/hr | Actual |
| 2023 | $54.99/hr | Actual |
| 2024 | $63.15/hr | Actual |
| 2025 | $59.57/hr | Actual |
| 2026(current) | $61.48/hr | Estimated |
| 2027 | $63.44/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Newark grew 20.0% from $49.65/hr (2019) to $59.57/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $63.44/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 Newark 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 Newark
For part-time actuaries working 24 hours a week, the annual income would be approximately $76,066, a figure that allows for a comfortable lifestyle in Newark while still being significantly lower than that of full-time counterparts. Per-diem or agency work is less common at the entry-level; however, seasoned actuarial professionals with FSA or FCAS credentials can command impressive hourly rates in consulting engagements, typically ranging from $250 to $500. In specialized roles, such as expert witness testimony in litigation for insurance and pension cases, hourly rates can reach $400 to $800. Hourly rates may also vary based on the type of employer, as life insurance companies and health care firms often offer more comprehensive benefits, which may appeal to professionals despite potentially lower pay than what consulting firms might offer. Actuaries considering hourly work should weigh the trade-offs between immediate financial gain and the long-term value of benefits when negotiating their contracts in Newark, DE.
More salary data for Newark, DE:
Frequently Asked Questions
What is the hourly rate for actuaries in Newark in 2026?
How much do part-time actuaries make in Newark?
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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 Newark. 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 Newark 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