Actuary Hourly Pay in Downers Grove, IL: $59.75 (2026)
Quick Answer:Hourly pay for a actuary working in Downers Grove, IL runs $59.75 at the median for 2026 — annualizing to $124,284 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Downers Grove's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $61.54 nationally would. A 24-hour part-time schedule grosses $74,571 per year.
Based on BLS state-level estimates · View source
In 2026, the actuary hourly pay in Downers Grove, Illinois, stands at a median rate of $59.75, trailing behind the national median of $64.50. This hourly rate provides a solid earnings potential for part-time actuaries, especially those working three days per week, where individuals could earn a substantial income while enjoying flexible schedules. The hourly pay range for actuaries in Downers Grove spans from $38.30 at the lower percentile (P10) to $92.61 at the upper limit (P90), highlighting opportunities for both entry-level positions and seasoned professionals alike. Working in environments such as insurance company actuarial pricing departments, consulting firms, or remote modeling roles allows actuaries to utilize this hourly pay effectively, whether they are engaging in long-term projects or shorter, high-stakes assignments.
About the Downers Grove 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) | $38.30 | $306.38 |
| Lower Range (P25) | $45.92 | $367.39 |
| Median (P50) | $59.75 | $478.02 |
| Upper Range (P75) | $76.48 | $611.85 |
| Top Earners (P90) | $92.61 | $740.89 |
Estimated Annual Income by Work Schedule in Downers Grove
Based on $59.75/hr median hourly rate · 2026 est.
At $59.75/hr, a actuary working full-time (40 hr/wk) in Downers Grove, IL can expect to earn approximately $124,286 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $71,703. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Downers Grove.
Hourly Rate Calculator
Schedule Comparison in Downers Grove
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,390.11 | $10,357 | $124,286 |
| Part-Time (24 hrs) | $1,434.07 | $6,214 | $74,571 |
| Per Diem (16 hrs) | $956.04 | $4,143 | $49,714 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Downers Grove) | $59.75 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Downers Grove, IL earn a median of $124,284 per year (2026 est.), which is 7.36% lower than the national median of $134,160 and 4.60% below the Illinois state average of $130,276.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $59.75/hr = $74,571/year (purchasing power: $76,799).
Working 40h/week (full-time) = $124,286/year (purchasing power: $127,998).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$48.26/hr
2025 BLS Actual
$57.90/hr
2026 Current Est.
$59.75/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Downers Grove (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.26/hr | Actual |
| 2020 | $49.45/hr | Actual |
| 2021 | $47.17/hr | Actual |
| 2022 | $50.77/hr | Actual |
| 2023 | $53.45/hr | Actual |
| 2024 | $57.90/hr | Actual |
| 2025 | $57.90/hr | Actual |
| 2026(current) | $59.75/hr | Estimated |
| 2027 | $61.66/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Downers Grove grew 20.0% from $48.26/hr (2019) to $57.90/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $61.66/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 Downers Grove 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 Downers Grove
For a part-time actuary clocking in 24 hours a week, the earnings translate to around $74,856 annually, which underscores the appeal of part-time work compared to full-time commitments. Per-diem actuary work in Downers Grove remains less common for junior levels, but seasoned actuaries, particularly those with FSA or FCAS credentials, can command impressive rates for consulting engagements—ranging from $250 to $500 or more per hour, depending on the complexity of the work. Employers such as life insurance companies, health insurers, and consulting firms offer varying pay scales: higher hourly rates often come without benefits, while positions with solid perks usually provide lower hourly compensation. As such, it’s essential for actuaries to weigh the value of benefits against hourly pay in their negotiations. Knowledge of local market rates and the employer's industry can guide actuaries in effectively discussing compensation that aligns with their professional qualifications and the skills they bring to the table.
More salary data for Downers Grove, 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 Downers Grove. 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 Downers Grove 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