Actuary Hourly Pay in Margate, FL: $60.57 (2026)
Quick Answer:Hourly pay for a actuary working in Margate, FL runs $60.57 at the median for 2026 — annualizing to $125,975 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Margate's regional price level (BEA RPP 100.8, 1% above national), each hour of work buys what $60.09 nationally would. A 24-hour part-time schedule grosses $75,589 per year.
Based on BLS state-level estimates · View source
In Margate, Florida, actuaries earn a median hourly pay of $60.57, which is slightly lower than the national hourly median of $64.50. This rate provides an attractive earning potential for part-time professionals or per-diem actuaries who may work only three days a week, as they could achieve approximately $47,000 annually based on a 24-hour workweek. The hourly pay in this field ranges from $37.17 at the lower end for entry-level positions to $93.87 for seasoned experts. These figures, derived from annual salary estimates, highlight the diversity in compensation that can arise from varying levels of experience and specialization, particularly within settings like insurance company actuarial departments or consulting firms.
About the Margate 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) | $37.17 | $297.38 |
| Lower Range (P25) | $45.67 | $365.33 |
| Median (P50) | $60.57 | $484.54 |
| Upper Range (P75) | $77.52 | $620.19 |
| Top Earners (P90) | $93.87 | $750.97 |
Estimated Annual Income by Work Schedule in Margate
Based on $60.57/hr median hourly rate · 2026 est.
At $60.57/hr, a actuary working full-time (40 hr/wk) in Margate, FL can expect to earn approximately $125,982 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,682. With a cost-of-living index of 100.80 (above the national average), these earnings may be offset by higher expenses in Margate.
Hourly Rate Calculator
Schedule Comparison in Margate
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,422.72 | $10,498 | $125,982 |
| Part-Time (24 hrs) | $1,453.63 | $6,299 | $75,589 |
| Per Diem (16 hrs) | $969.09 | $4,199 | $50,393 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Margate) | $60.57 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Margate, FL earn a median of $125,975 per year (2026 est.), which is 6.10% lower than the national median of $134,160 and 2.90% below the Florida state average of $129,738.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $60.57/hr = $75,589/year (purchasing power: $74,989).
Working 40h/week (full-time) = $125,982/year (purchasing power: $124,982).
CoL index: 100.8 (100 = national average).
2019 BLS Actual
$48.92/hr
2025 BLS Actual
$58.69/hr
2026 Current Est.
$60.57/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Margate (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.92/hr | Actual |
| 2020 | $50.13/hr | Actual |
| 2021 | $47.81/hr | Actual |
| 2022 | $51.46/hr | Actual |
| 2023 | $54.18/hr | Actual |
| 2024 | $55.55/hr | Actual |
| 2025 | $58.69/hr | Actual |
| 2026(current) | $60.57/hr | Estimated |
| 2027 | $62.51/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Margate grew 20.0% from $48.92/hr (2019) to $58.69/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $62.51/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 Margate 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 Margate
Actuaries in Margate have the opportunity to navigate various employment landscapes that can significantly affect their hourly compensation. Although part-time work may reduce consistent hours, it offers flexibility that some professionals prefer. However, per-diem and agency work typically becomes viable only at advanced credential levels, with consulting engagements paying significantly more—ranging from $250 to $500 per hour for Fellows of the Society of Actuaries (FSA) or Canadian Institute of Actuaries (FCAS). Specialization, such as in expert witness testimony, can command even higher rates of $400 to $800 per hour. Insurance and consulting firms in Margate, such as Prudential and Mercer, may offer varying pay structures, with stronger benefits often attracting those willing to accept lower hourly rates. When negotiating for positions, actuaries should emphasize their exam progress and relevant skills, which are critical in determining pay for each specialized role.
More salary data for Margate, 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 Margate. 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 Margate 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