Actuary Hourly Pay in Lake in the Hills, IL: $61.25 (2026)
Quick Answer:Hourly pay for a actuary working in Lake in the Hills, IL runs $61.25 at the median for 2026 — annualizing to $127,408 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Lake in the Hills's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $63.08 nationally would. A 24-hour part-time schedule grosses $76,439 per year.
Based on BLS state-level estimates · View source
Actuaries in Lake in the Hills, IL, can expect a median hourly rate of $61.25 in 2026, which is slightly below the national median of $64.50. This rate offers a viable earning potential for part-time professionals who might choose to work three days a week, often in settings such as actuarial pricing departments for insurance companies or consulting firms. These positions allow for flexible arrangements, including per-diem work that can accommodate seasonal and project-based needs. With an hourly range starting at $36.65 for entry-level roles and going up to $94.94 for top earners, actuarial positions offer a gradual pathway for increasing earnings as professionals advance in their careers. Entry-level actuaries can transition to more senior roles, increasing their hourly pay significantly as they gain experience and credentials.
About the Lake in the Hills 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) | $36.65 | $293.17 |
| Lower Range (P25) | $45.19 | $361.53 |
| Median (P50) | $61.25 | $489.99 |
| Upper Range (P75) | $77.45 | $619.61 |
| Top Earners (P90) | $94.94 | $759.55 |
Estimated Annual Income by Work Schedule in Lake in the Hills
Based on $61.25/hr median hourly rate · 2026 est.
At $61.25/hr, a actuary working full-time (40 hr/wk) in Lake in the Hills, IL can expect to earn approximately $127,398 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,499. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Lake in the Hills.
Hourly Rate Calculator
Schedule Comparison in Lake in the Hills
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,449.97 | $10,617 | $127,398 |
| Part-Time (24 hrs) | $1,469.98 | $6,370 | $76,439 |
| Per Diem (16 hrs) | $979.99 | $4,247 | $50,959 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Lake in the Hills) | $61.25 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Lake in the Hills, IL earn a median of $127,408 per year (2026 est.), which is 5.03% lower than the national median of $134,160 and 2.20% below the Illinois state average of $130,274.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $61.25/hr = $76,439/year (purchasing power: $78,722).
Working 40h/week (full-time) = $127,398/year (purchasing power: $131,203).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$49.47/hr
2025 BLS Actual
$59.35/hr
2026 Current Est.
$61.25/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Lake in the Hills (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.47/hr | Actual |
| 2020 | $50.69/hr | Actual |
| 2021 | $48.35/hr | Actual |
| 2022 | $52.04/hr | Actual |
| 2023 | $54.78/hr | Actual |
| 2024 | $59.35/hr | Actual |
| 2025 | $59.35/hr | Actual |
| 2026(current) | $61.25/hr | Estimated |
| 2027 | $63.21/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Lake in the Hills grew 20.0% from $49.47/hr (2019) to $59.35/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $63.21/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 Lake in the Hills 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 Lake in the Hills
Considering a part-time schedule, an actuary working three days a week, approximately 24 hours, could expect annual earnings significantly lower than their full-time counterparts. While a full-time actuary may bring home a higher income with consistent hours, part-time professionals may favor flexibility over maximized earnings. Rarely engaging in per-diem or 1099 work at junior levels, there’s a distinct disparity when considering FSA or FCAS credentialed actuaries, who can charge between $250-$500 per hour for consulting engagements. In terms of employer diversity, hourly rates can vary widely; life insurance, health insurance, and consulting firms all present different financial packages. Some actuaries may prioritize health benefits over a higher hourly wage, making the choice between stability and pay a significant factor in their career decisions. For those negotiating hourly rates in Lake in the Hills, showcasing exam progress and specialized skill sets, such as predictive analytics, can bolster their case when seeking competitive compensation.
More salary data for Lake in the Hills, 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 Lake in the Hills. 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 Lake in the Hills 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