Actuary Hourly Pay in Homestead, FL: $61.45 (2026)
Quick Answer:Hourly pay for a actuary working in Homestead, FL runs $61.45 at the median for 2026 — annualizing to $127,814 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Homestead's regional price level (BEA RPP 100.8, 1% above national), each hour of work buys what $60.96 nationally would. A 24-hour part-time schedule grosses $76,684 per year.
Based on BLS state-level estimates · View source
For actuaries working in Homestead, Florida, the projected hourly pay for 2026 stands at $61.45. This rate is slightly below the national average of $64.50, reflecting local market conditions and cost of living influences. Part-time actuaries, who may work about three days a week, can expect to earn approximately $61,000 annually based on this hourly rate—an attractive option for professionals balancing family commitments or pursuing additional certifications. The hourly payment range in Homestead varies significantly based on experience and specialization, spanning from $39.31 for entry-level positions to as much as $95.24 for seasoned professionals in senior roles. These estimates derive from broader annual salary data, underscoring the potential for growth within various actuarial functions.
About the Homestead Market
Salary estimated from Florida average ($118,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $39.31 | $314.47 |
| Lower Range (P25) | $47.39 | $379.12 |
| Median (P50) | $61.45 | $491.56 |
| Upper Range (P75) | $78.66 | $629.27 |
| Top Earners (P90) | $95.24 | $761.95 |
Estimated Annual Income by Work Schedule in Homestead
Based on $61.45/hr median hourly rate · 2026 est.
At $61.45/hr, a actuary working full-time (40 hr/wk) in Homestead, FL can expect to earn approximately $127,806 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,734. With a cost-of-living index of 100.80 (above the national average), these earnings may be offset by higher expenses in Homestead.
Hourly Rate Calculator
Schedule Comparison in Homestead
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,457.81 | $10,651 | $127,806 |
| Part-Time (24 hrs) | $1,474.69 | $6,390 | $76,684 |
| Per Diem (16 hrs) | $983.12 | $4,260 | $51,122 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Homestead) | $61.45 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Homestead, FL earn a median of $127,814 per year (2026 est.), which is 4.73% lower than the national median of $134,160 and 1.40% below the Florida state average of $129,629.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $61.45/hr = $76,684/year (purchasing power: $76,075).
Working 40h/week (full-time) = $127,806/year (purchasing power: $126,792).
CoL index: 100.8 (100 = national average).
2019 BLS Actual
$49.62/hr
2025 BLS Actual
$59.54/hr
2026 Current Est.
$61.45/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Homestead (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.62/hr | Actual |
| 2020 | $50.85/hr | Actual |
| 2021 | $48.50/hr | Actual |
| 2022 | $52.21/hr | Actual |
| 2023 | $54.96/hr | Actual |
| 2024 | $56.36/hr | Actual |
| 2025 | $59.54/hr | Actual |
| 2026(current) | $61.45/hr | Estimated |
| 2027 | $63.41/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Homestead grew 20.0% from $49.62/hr (2019) to $59.54/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $63.41/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 Homestead 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 Homestead
With a growth rate of 3.20% projected for the coming years, Homestead presents promising opportunities for actuaries drawn to varied employer types. While many entry-level positions may lead to a full-time salary structure, senior actuaries often find lucrative opportunities through per diem consulting engagements. These can command rates between $250 and $500 per hour, particularly for FSAs and FCAS members engaged in consulting projects. Expert witness testimony in litigation settings can yield even higher hourly fees, typically ranging from $400 to $800. Actuaries in Homestead may work for a diverse range of employers including life, health, and property insurance firms, or choose to specialize in pension consulting. While some may opt for employers offering comprehensive benefits, others may prioritize higher hourly compensation without the perks. For those negotiating their rates, understanding the nuances of local employer compensation practices and demonstrating specialized skills—especially in data analytics—can enhance one's bargaining position in this competitive market.
More salary data for Homestead, FL:
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 Homestead. 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 Homestead 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