Actuary Hourly Pay in Calumet City, IL: $59.39 (2026)
Quick Answer:Hourly pay for a actuary working in Calumet City, IL runs $59.39 at the median for 2026 — annualizing to $123,536 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Calumet City's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $61.17 nationally would. A 24-hour part-time schedule grosses $74,121 per year.
Based on BLS state-level estimates · View source
In Calumet City, Illinois, actuary hourly pay stands at a median of $59.39, which falls below the national average of $64.50. This hourly rate can significantly benefit those seeking part-time opportunities, such as working three days a week. Actuaries in this city typically find employment in roles ranging from insurance company actuarial pricing departments to consulting firms. The hourly compensation varies, with entry-level positions starting around $37.49 while experienced professionals can earn as high as $92.05. These figures are reflective of estimated hourly rates derived from annual salary data, ultimately painting a picture of a competitive market for actuaries in both part-time and full-time capacities.
About the Calumet City Market
Salary estimated from Illinois average ($130,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $37.49 | $299.94 |
| Lower Range (P25) | $45.21 | $361.70 |
| Median (P50) | $59.39 | $475.13 |
| Upper Range (P75) | $76.02 | $608.14 |
| Top Earners (P90) | $92.05 | $736.44 |
Estimated Annual Income by Work Schedule in Calumet City
Based on $59.39/hr median hourly rate · 2026 est.
At $59.39/hr, a actuary working full-time (40 hr/wk) in Calumet City, IL can expect to earn approximately $123,535 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $71,270. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Calumet City.
Hourly Rate Calculator
Schedule Comparison in Calumet City
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,375.66 | $10,295 | $123,535 |
| Part-Time (24 hrs) | $1,425.40 | $6,177 | $74,121 |
| Per Diem (16 hrs) | $950.27 | $4,118 | $49,414 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Calumet City) | $59.39 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Calumet City, IL earn a median of $123,536 per year (2026 est.), which is 7.92% lower than the national median of $134,160 and 5.20% below the Illinois state average of $130,312.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $59.39/hr = $74,121/year (purchasing power: $76,334).
Working 40h/week (full-time) = $123,535/year (purchasing power: $127,224).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.97/hr
2025 BLS Actual
$57.55/hr
2026 Current Est.
$59.39/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Calumet City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.97/hr | Actual |
| 2020 | $49.15/hr | Actual |
| 2021 | $46.88/hr | Actual |
| 2022 | $50.46/hr | Actual |
| 2023 | $53.12/hr | Actual |
| 2024 | $57.55/hr | Actual |
| 2025 | $57.55/hr | Actual |
| 2026(current) | $59.39/hr | Estimated |
| 2027 | $61.29/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Calumet City grew 20.0% from $47.97/hr (2019) to $57.55/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $61.29/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 Calumet City 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 Calumet City
Considering the potential financial outcomes, a part-time actuary working 24 hours a week can expect to earn approximately $73,732 annually, in contrast to full-time earnings that could exceed $123,536. While per diem actuary work isn’t as common for those without FSA or FCAS credentials, individuals at higher levels can command hourly fees between $250 and $500 for consulting tasks. For those engaged in expert witness testimony related to actuarial matters, rates can soar to between $400 and $800 per hour. It's noteworthy that employers like life insurance companies, health insurers, and consulting firms present varied compensation packages; while some may offer lower hourly rates with benefits, others could provide higher pay without additional perks. Understanding the trade-offs can aid potential actuaries in making informed career choices. When exploring employment opportunities in Calumet City, negotiation skills centered around the specific demands of the role and market conditions are critical to maximizing pay potential.
More salary data for Calumet City, IL:
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 Calumet City. 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 Calumet City 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