Actuary Hourly Pay in Champaign, IL: $63.09 (2026)
Quick Answer:Hourly pay for a actuary working in Champaign, IL runs $63.09 at the median for 2026 — annualizing to $131,211 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Champaign's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $64.97 nationally would. A 24-hour part-time schedule grosses $78,732 per year.
Based on BLS state-level estimates · View source
Champaign, Illinois, offers an appealing hourly rate for actuaries, with a median compensation of $63.09 per hour. This figure sits just below the national median hourly rate of $64.50. Such rates are indicative of roles in various settings like insurance companies, consulting firms, and remote actuarial work environments. For those seeking part-time opportunities, such as working three days a week, the potential earnings can still be lucrative, allowing professionals to balance their work-life commitments. The hourly compensation ranges from $37.59 for entry-level roles to $97.78 for experienced actuaries, making it a versatile profession for individuals at different stages of their careers. These hourly figures are estimated from the projected annual salary data, reflecting the growing demand for actuarial expertise in both local and national markets.
About the Champaign 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) | $37.59 | $300.68 |
| Lower Range (P25) | $46.52 | $372.18 |
| Median (P50) | $63.09 | $504.69 |
| Upper Range (P75) | $80.74 | $645.95 |
| Top Earners (P90) | $97.78 | $782.26 |
Estimated Annual Income by Work Schedule in Champaign
Based on $63.09/hr median hourly rate · 2026 est.
At $63.09/hr, a actuary working full-time (40 hr/wk) in Champaign, IL can expect to earn approximately $131,219 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $75,703. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Champaign.
Hourly Rate Calculator
Schedule Comparison in Champaign
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,523.45 | $10,935 | $131,219 |
| Part-Time (24 hrs) | $1,514.07 | $6,561 | $78,732 |
| Per Diem (16 hrs) | $1,009.38 | $4,374 | $52,488 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Champaign) | $63.09 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Champaign, IL earn a median of $131,211 per year (2026 est.), which is 2.20% lower than the national median of $134,160 and 0.70% above the Illinois state average of $130,298.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $63.09/hr = $78,732/year (purchasing power: $81,083).
Working 40h/week (full-time) = $131,219/year (purchasing power: $135,138).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$50.95/hr
2025 BLS Actual
$61.13/hr
2026 Current Est.
$63.09/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Champaign (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $50.95/hr | Actual |
| 2020 | $52.21/hr | Actual |
| 2021 | $49.80/hr | Actual |
| 2022 | $53.60/hr | Actual |
| 2023 | $56.43/hr | Actual |
| 2024 | $61.13/hr | Actual |
| 2025 | $61.13/hr | Actual |
| 2026(current) | $63.09/hr | Estimated |
| 2027 | $65.10/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Champaign grew 20.0% from $50.95/hr (2019) to $61.13/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $65.10/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 Champaign 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 Champaign
Focusing on the earning potential of part-time actuaries, those working 24 hours a week would bring home approximately $78,923 annually, compared to their full-time counterparts. Opportunities for per-diem or consulting work in the Champaign area are less common for entry-level actuaries, but seasoned professionals with Fellowship-level credentials, such as FSA or FCAS, may find lucrative consulting engagements that bill clients between $250 and $500 per hour. Actuaries specializing in expert witness testimony can command rates from $400 to $800 per hour, demonstrating the financial rewards of advanced qualifications. Various employers in Champaign—ranging from life and health insurance companies to consulting firms—offer differing hourly rates, often trading off between salary and benefits, such as health coverage. It is crucial for hourly workers to negotiate effectively, particularly when evaluating offers from insurers versus consulting firms, where the compensation gradient can heavily influence career choices.
More salary data for Champaign, IL:
Frequently Asked Questions
What is the hourly rate for actuaries in Champaign in 2026?
How much do part-time actuaries make in Champaign?
Are actuaries in Champaign paid hourly or salary?
How much does a full-time actuary make per year in Champaign?
Do actuaries earn more per hour working part-time in Champaign?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Illinois
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 Champaign. 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 Champaign 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