Actuary Hourly Pay in Cicero, IL: $60.62 (2026)
Quick Answer:Hourly pay for a actuary working in Cicero, IL runs $60.62 at the median for 2026 — annualizing to $126,093 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Cicero's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $62.43 nationally would. A 24-hour part-time schedule grosses $75,653 per year.
Based on BLS state-level estimates · View source
In Cicero, Illinois, the projected actuary hourly pay in 2026 stands at $60.62, which is slightly below the national average of $64.50. For actuaries considering part-time work, such a rate translates to about $1,240 for a three-day work week, assuming 20 hours of work. This is especially relevant for professionals working in various settings, including insurance company pricing departments, consulting firms, and reinsurance teams. Entry-level actuaries may earn as low as $37.12 per hour, while the top earners in the field could command up to $93.96. It's essential to understand that these hourly rates are estimated from annual salary data, illustrating a clear range that professionals can expect depending on their experience and expertise.
About the Cicero 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) | $37.12 | $296.97 |
| Lower Range (P25) | $45.46 | $363.68 |
| Median (P50) | $60.62 | $484.96 |
| Upper Range (P75) | $77.60 | $620.77 |
| Top Earners (P90) | $93.96 | $751.71 |
Estimated Annual Income by Work Schedule in Cicero
Based on $60.62/hr median hourly rate · 2026 est.
At $60.62/hr, a actuary working full-time (40 hr/wk) in Cicero, IL can expect to earn approximately $126,089 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,744. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Cicero.
Hourly Rate Calculator
Schedule Comparison in Cicero
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,424.79 | $10,507 | $126,089 |
| Part-Time (24 hrs) | $1,454.87 | $6,304 | $75,653 |
| Per Diem (16 hrs) | $969.91 | $4,203 | $50,436 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Cicero) | $60.62 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Cicero, IL earn a median of $126,093 per year (2026 est.), which is 6.01% lower than the national median of $134,160 and 3.20% below the Illinois state average of $130,261.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $60.62/hr = $75,653/year (purchasing power: $77,913).
Working 40h/week (full-time) = $126,089/year (purchasing power: $129,855).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$48.96/hr
2025 BLS Actual
$58.74/hr
2026 Current Est.
$60.62/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Cicero (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.96/hr | Actual |
| 2020 | $50.17/hr | Actual |
| 2021 | $47.85/hr | Actual |
| 2022 | $51.51/hr | Actual |
| 2023 | $54.22/hr | Actual |
| 2024 | $58.74/hr | Actual |
| 2025 | $58.74/hr | Actual |
| 2026(current) | $60.62/hr | Estimated |
| 2027 | $62.56/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Cicero grew 20.0% from $48.96/hr (2019) to $58.74/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $62.56/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 Cicero 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 Cicero
Examining the benefits and potential earnings of part-time actuaries reveals a stark contrast when compared to full-time positions. An actuary working 24 hours a week could yield about $61,000 annually, far less than the full-time median of $126,093. The world of per-diem actuary pay in Cicero is quite different; junior-level actuaries may rarely have access to such opportunities, while experienced FSAs or FCAS can bill between $250 to $500 an hour for consulting services. Employers like UnitedHealth, Cigna, and state-of-the-art consulting firms often offer varied hourly rates based on the complexity of tasks and associated benefits, such as health insurance versus higher pay without perks. Negotiating hourly rates can hinge on experience and certifications; actuaries should consider the trade-offs between security and higher wages in roles that demand advanced credentials and specialized skills like predictive analytics, which are increasingly in demand across the industry.
More salary data for Cicero, 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 Cicero. 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 Cicero 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