Actuary Hourly Pay in Hoffman Estates, IL: $62.39 (2026)
Quick Answer:Hourly pay for a actuary working in Hoffman Estates, IL runs $62.39 at the median for 2026 — annualizing to $129,786 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Hoffman Estates's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $64.26 nationally would. A 24-hour part-time schedule grosses $77,869 per year.
Based on BLS state-level estimates · View source
In Hoffman Estates, Illinois, actuaries can expect to earn a median hourly rate of $62.39, which is slightly lower than the national median of $64.50. This rate provides a solid foundation for both part-time actuaries—who may work three days a week for approximately 24 hours—and per-diem workers involved in various actuarial tasks across insurance companies, consulting firms, and pension plan settings. The hourly earnings can vary significantly, ranging from $36.19 for entry-level positions to an impressive $96.72 for top earners. It’s worth noting that these hourly rates are derived from annual salary data, reflecting the professional's experience and specialization within the field.
About the Hoffman Estates 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) | $36.19 | $289.54 |
| Lower Range (P25) | $45.19 | $361.53 |
| Median (P50) | $62.39 | $499.16 |
| Upper Range (P75) | $79.87 | $638.93 |
| Top Earners (P90) | $96.72 | $773.75 |
Estimated Annual Income by Work Schedule in Hoffman Estates
Based on $62.39/hr median hourly rate · 2026 est.
At $62.39/hr, a actuary working full-time (40 hr/wk) in Hoffman Estates, IL can expect to earn approximately $129,781 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $74,874. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Hoffman Estates.
Hourly Rate Calculator
Schedule Comparison in Hoffman Estates
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,495.79 | $10,815 | $129,781 |
| Part-Time (24 hrs) | $1,497.47 | $6,489 | $77,869 |
| Per Diem (16 hrs) | $998.32 | $4,326 | $51,912 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Hoffman Estates) | $62.39 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Hoffman Estates, IL earn a median of $129,786 per year (2026 est.), which is 3.26% lower than the national median of $134,160 and 0.40% below the Illinois state average of $130,308.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $62.39/hr = $77,869/year (purchasing power: $80,194).
Working 40h/week (full-time) = $129,781/year (purchasing power: $133,657).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$50.39/hr
2025 BLS Actual
$60.46/hr
2026 Current Est.
$62.39/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Hoffman Estates (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $50.39/hr | Actual |
| 2020 | $51.64/hr | Actual |
| 2021 | $49.25/hr | Actual |
| 2022 | $53.01/hr | Actual |
| 2023 | $55.81/hr | Actual |
| 2024 | $60.46/hr | Actual |
| 2025 | $60.46/hr | Actual |
| 2026(current) | $62.39/hr | Estimated |
| 2027 | $64.39/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Hoffman Estates grew 20.0% from $50.39/hr (2019) to $60.46/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $64.39/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 Hoffman Estates 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 Hoffman Estates
When considering part-time employment, an actuary working three days a week at this hourly rate would earn about $97,766 annually, providing a substantial income compared to other professions in the area. Per-diem actuary opportunities, while less common for those just starting, can be lucrative for well-established professionals, especially those with Fellowship status who can command rates between $250 and $500 per hour in consulting roles. Employers in Hoffman Estates range from life insurance companies like Prudential and MetLife to large health insurers such as UnitedHealth and Cigna. While some firms might offer lower hourly rates, they compensate with benefits packages, which can be appealing to actuaries seeking stability. Negotiation is key in this market; factors such as specialized skills in predictive analytics or advanced actuarial exams can significantly sway hourly rates in favor of experienced professionals seeking more flexibility or higher pay based on demand.
More salary data for Hoffman Estates, 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 Hoffman Estates. 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 Hoffman Estates 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