Actuary Hourly Pay in Palm Bay, FL: $62.57 (2026)
Quick Answer:Hourly pay for a actuary working in Palm Bay, FL runs $62.57 at the median for 2026 — annualizing to $130,155 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Palm Bay's regional price level (BEA RPP 100.8, 1% above national), each hour of work buys what $62.07 nationally would. A 24-hour part-time schedule grosses $78,088 per year.
Based on BLS state-level estimates · View source
Actuaries based in Palm Bay, Florida, find that the median hourly pay stands at $62.57, slightly lower than the national median of $64.50. For professionals seeking part-time work or per-diem positions in settings such as insurance company actuarial pricing departments or consulting firm engagements, this hourly rate can translate into significant earnings. Those working three days a week can expect a comfortable lifestyle given the hourly range of $39.13 at the entry level up to $96.99 for higher earners. This estimation, derived from annual salary data, reflects the compensation landscape for those in the actuarial profession within Palm Bay, where specialized expertise can lead to lucrative opportunities.
About the Palm Bay 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) | $39.13 | $313.07 |
| Lower Range (P25) | $47.65 | $381.18 |
| Median (P50) | $62.57 | $500.56 |
| Upper Range (P75) | $80.09 | $640.75 |
| Top Earners (P90) | $96.99 | $775.90 |
Estimated Annual Income by Work Schedule in Palm Bay
Based on $62.57/hr median hourly rate · 2026 est.
At $62.57/hr, a actuary working full-time (40 hr/wk) in Palm Bay, FL can expect to earn approximately $130,146 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $75,084. With a cost-of-living index of 100.80 (above the national average), these earnings may be offset by higher expenses in Palm Bay.
Hourly Rate Calculator
Schedule Comparison in Palm Bay
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,502.81 | $10,845 | $130,146 |
| Part-Time (24 hrs) | $1,501.68 | $6,507 | $78,088 |
| Per Diem (16 hrs) | $1,001.12 | $4,338 | $52,058 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Palm Bay) | $62.57 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Palm Bay, FL earn a median of $130,155 per year (2026 est.), which is 2.99% lower than the national median of $134,160 and 0.40% above the Florida state average of $129,636.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $62.57/hr = $78,088/year (purchasing power: $77,468).
Working 40h/week (full-time) = $130,146/year (purchasing power: $129,113).
CoL index: 100.8 (100 = national average).
2019 BLS Actual
$50.53/hr
2025 BLS Actual
$60.63/hr
2026 Current Est.
$62.57/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Palm Bay (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $50.53/hr | Actual |
| 2020 | $51.78/hr | Actual |
| 2021 | $49.39/hr | Actual |
| 2022 | $53.16/hr | Actual |
| 2023 | $55.97/hr | Actual |
| 2024 | $57.39/hr | Actual |
| 2025 | $60.63/hr | Actual |
| 2026(current) | $62.57/hr | Estimated |
| 2027 | $64.57/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Palm Bay grew 20.0% from $50.53/hr (2019) to $60.63/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $64.57/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 Palm Bay 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 Palm Bay
In analyzing the earning potential for part-time actuaries, one can deduce that a 3-day workweek totaling 24 hours yields an annual take-home that is considerably less than a full-time salary. While conventional actuarial roles do not typically offer per-diem work at entry-level positions, seasoned professionals may command impressive rates in consulting engagements, ranging from $250 to $500 per hour, especially for Fellows of the Society of Actuaries (FSA) or Casualty Actuarial Society (FCAS). With varied hourly rates across employer types in Palm Bay, actuaries working for life insurance firms like Prudential or health insurance companies such as UnitedHealth might choose slightly lower hourly compensation for more comprehensive benefits. This trade-off reflects a common trend: some actuaries might accept reduced hourly pay for greater job security and health coverage. For those negotiating their hourly wages, understanding market standards and employer expectations in Palm Bay can significantly enhance their compensation package.
More salary data for Palm Bay, 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 Palm Bay. 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 Palm Bay 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