Actuary Hourly Pay in Crystal Lake, IL: $59.64 (2026)
Quick Answer:Hourly pay for a actuary working in Crystal Lake, IL runs $59.64 at the median for 2026 — annualizing to $124,052 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Crystal Lake's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $61.42 nationally would. A 24-hour part-time schedule grosses $74,430 per year.
Based on BLS state-level estimates · View source
In Crystal Lake, Illinois, actuaries earn a median hourly rate of $59.64, which is slightly below the national average of $64.50. This hourly compensation reflects the opportunities for part-time work, such as positions in insurance company actuarial pricing departments or consulting firm client engagement settings. For those considering a part-time schedule of three days a week (approximately 24 hours), this could translate into a comfortable income that aligns with the local economy. Additionally, the hourly rate range for actuaries in the area starts from around $38.05 for entry-level positions to as high as $92.45 for top earners, demonstrating the profession's potential for growth and specialized expertise. However, these figures are projections based on data derived from 2025 BLS statistics, providing a solid foundation for understanding the future financial landscape for actuaries in Crystal Lake.
About the Crystal Lake 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) | $38.05 | $304.40 |
| Lower Range (P25) | $45.70 | $365.58 |
| Median (P50) | $59.64 | $477.11 |
| Upper Range (P75) | $76.34 | $610.70 |
| Top Earners (P90) | $92.45 | $739.57 |
Estimated Annual Income by Work Schedule in Crystal Lake
Based on $59.64/hr median hourly rate · 2026 est.
At $59.64/hr, a actuary working full-time (40 hr/wk) in Crystal Lake, IL can expect to earn approximately $124,050 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $71,567. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Crystal Lake.
Hourly Rate Calculator
Schedule Comparison in Crystal Lake
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,385.57 | $10,337 | $124,050 |
| Part-Time (24 hrs) | $1,431.34 | $6,202 | $74,430 |
| Per Diem (16 hrs) | $954.23 | $4,135 | $49,620 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Crystal Lake) | $59.64 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Crystal Lake, IL earn a median of $124,052 per year (2026 est.), which is 7.53% lower than the national median of $134,160 and 4.80% below the Illinois state average of $130,306.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $59.64/hr = $74,430/year (purchasing power: $76,653).
Working 40h/week (full-time) = $124,050/year (purchasing power: $127,755).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$48.17/hr
2025 BLS Actual
$57.79/hr
2026 Current Est.
$59.64/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Crystal Lake (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.17/hr | Actual |
| 2020 | $49.36/hr | Actual |
| 2021 | $47.08/hr | Actual |
| 2022 | $50.67/hr | Actual |
| 2023 | $53.34/hr | Actual |
| 2024 | $57.79/hr | Actual |
| 2025 | $57.79/hr | Actual |
| 2026(current) | $59.64/hr | Estimated |
| 2027 | $61.55/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Crystal Lake grew 20.0% from $48.17/hr (2019) to $57.79/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $61.55/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 Crystal Lake 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 Crystal Lake
When examining the earning potential for part-time actuaries, those working three days each week can expect to take home around $74,050 annually, which is significantly less than full-time counterparts but still attractive for a less demanding schedule. Unlike entry-level roles, per-diem or 1099 actuarial work tends to be reserved for experienced professionals, as the consulting engagements for FSA or FCAS holders often command rates ranging from $250 to over $500 per hour, with expert witness testimony bringing in even higher amounts. In Crystal Lake, hourly pay can differ depending on the employer; for instance, actuaries at life insurance companies might earn lower rates than those in consulting firms like Mercer or Aon, which typically offer higher compensation. The trade-off is also evident, as some may prefer the stability and benefits of a full-time position over the potentially higher hourly rates available through freelance work. Therefore, when negotiating hourly pay, actuaries should focus on their specialized skills and the demand for their expertise in varied sectors, always keeping local market trends in mind.
More salary data for Crystal Lake, IL:
Frequently Asked Questions
What is the hourly rate for actuaries in Crystal Lake in 2026?
How much do part-time actuaries make in Crystal Lake?
Are actuaries in Crystal Lake paid hourly or salary?
How much does a full-time actuary make per year in Crystal Lake?
Do actuaries earn more per hour working part-time in Crystal Lake?
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 Crystal Lake. 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 Crystal Lake 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