Actuary Hourly Pay in Melbourne, FL: $63.15 (2026)
Quick Answer:Hourly pay for a actuary working in Melbourne, FL runs $63.15 at the median for 2026 — annualizing to $131,358 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Melbourne's regional price level (BEA RPP 100.8, 1% above national), each hour of work buys what $62.65 nationally would. A 24-hour part-time schedule grosses $78,809 per year.
Based on BLS state-level estimates · View source
In Melbourne, Florida, actuaries receive a median hourly pay of $63.15. This figure is slightly below the national median of $64.50, reflecting the specific economic conditions of the region. For those working part-time—say three days a week—this translates to potentially earning around $39,475 annually before taxes, a figure that can be conducive for individuals balancing various commitments or pursuing additional education. The hourly pay range varies significantly, from $38.20 for entry-level positions to $97.89 for top earners in the field, illustrating the potential for growth as one advances through the credentialing process and gains experience in settings like insurance companies or consulting firms.
About the Melbourne 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) | $38.20 | $305.64 |
| Lower Range (P25) | $47.01 | $376.06 |
| Median (P50) | $63.15 | $505.18 |
| Upper Range (P75) | $80.84 | $646.69 |
| Top Earners (P90) | $97.89 | $783.08 |
Estimated Annual Income by Work Schedule in Melbourne
Based on $63.15/hr median hourly rate · 2026 est.
At $63.15/hr, a actuary working full-time (40 hr/wk) in Melbourne, FL can expect to earn approximately $131,348 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $75,778. With a cost-of-living index of 100.80 (above the national average), these earnings may be offset by higher expenses in Melbourne.
Hourly Rate Calculator
Schedule Comparison in Melbourne
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,525.92 | $10,946 | $131,348 |
| Part-Time (24 hrs) | $1,515.55 | $6,567 | $78,809 |
| Per Diem (16 hrs) | $1,010.37 | $4,378 | $52,539 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Melbourne) | $63.15 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Melbourne, FL earn a median of $131,358 per year (2026 est.), which is 2.09% lower than the national median of $134,160 and 1.30% above the Florida state average of $129,672.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $63.15/hr = $78,809/year (purchasing power: $78,183).
Working 40h/week (full-time) = $131,348/year (purchasing power: $130,306).
CoL index: 100.8 (100 = national average).
2019 BLS Actual
$51.00/hr
2025 BLS Actual
$61.19/hr
2026 Current Est.
$63.15/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Melbourne (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $51.00/hr | Actual |
| 2020 | $52.26/hr | Actual |
| 2021 | $49.85/hr | Actual |
| 2022 | $53.65/hr | Actual |
| 2023 | $56.48/hr | Actual |
| 2024 | $57.92/hr | Actual |
| 2025 | $61.19/hr | Actual |
| 2026(current) | $63.15/hr | Estimated |
| 2027 | $65.17/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Melbourne grew 20.0% from $51.00/hr (2019) to $61.19/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $65.17/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 Melbourne 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 Melbourne
When considering the earning potential for part-time actuaries in Melbourne, a 24-hour workweek will yield considerably less than that of a full-time actuary, who typically works around 1,920 hours annually. While per diem or contract work is less common at entry levels, experienced professionals with Fellowship credentials in Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) can demand hourly rates significantly higher, ranging from $250 to $500 for consulting engagements. It’s noteworthy that roles in life insurance or health insurance may offer lower hourly rates but come with valuable benefits. This is often a trade-off considered by actuaries, as those willing to accept an hourly pay on the lower end might also find stability in employee benefits. For negotiating pay—whether for part-time or full-time positions—demonstrating advanced technical skills, especially in predictive analytics, can provide leverage in discussions, particularly with consulting firms, which tend to pay a premium for advanced credentials.
More salary data for Melbourne, 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 Melbourne. 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 Melbourne 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