Actuary Hourly Pay in Rockford, IL: $62.12 (2026)
Quick Answer:Hourly pay for a actuary working in Rockford, IL runs $62.12 at the median for 2026 — annualizing to $129,209 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Rockford's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $63.97 nationally would. A 24-hour part-time schedule grosses $77,521 per year.
Based on BLS state-level estimates · View source
In Rockford, Illinois, the actuary hourly pay stands at a median of $62.12, slightly below the national hourly median of $64.50. This rate creates an attractive scenario for part-time actuaries, who might work three days a week, as well as for those considering per-diem roles in settings like insurance company actuarial pricing departments and consulting firms. For instance, in a typical week, a part-time actuary can expect to earn around $746 for 24 hours of work, which translates into a respectable income while enjoying the flexibility of a reduced schedule. Furthermore, the hourly range for actuaries in Rockford varies significantly, from $37.66 at the 10th percentile to upwards of $96.29 for top earners, indicating diverse opportunities depending on experience and client engagement types.
About the Rockford 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) | $37.66 | $301.26 |
| Lower Range (P25) | $46.44 | $371.52 |
| Median (P50) | $62.12 | $496.93 |
| Upper Range (P75) | $79.52 | $636.12 |
| Top Earners (P90) | $96.29 | $770.28 |
Estimated Annual Income by Work Schedule in Rockford
Based on $62.12/hr median hourly rate · 2026 est.
At $62.12/hr, a actuary working full-time (40 hr/wk) in Rockford, IL can expect to earn approximately $129,201 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $74,539. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Rockford.
Hourly Rate Calculator
Schedule Comparison in Rockford
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,484.64 | $10,767 | $129,201 |
| Part-Time (24 hrs) | $1,490.79 | $6,460 | $77,521 |
| Per Diem (16 hrs) | $993.86 | $4,307 | $51,681 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Rockford) | $62.12 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Rockford, IL earn a median of $129,209 per year (2026 est.), which is 3.69% lower than the national median of $134,160 and 0.80% below the Illinois state average of $130,252.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $62.12/hr = $77,521/year (purchasing power: $79,836).
Working 40h/week (full-time) = $129,201/year (purchasing power: $133,060).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$50.17/hr
2025 BLS Actual
$60.19/hr
2026 Current Est.
$62.12/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Rockford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $50.17/hr | Actual |
| 2020 | $51.41/hr | Actual |
| 2021 | $49.03/hr | Actual |
| 2022 | $52.78/hr | Actual |
| 2023 | $55.56/hr | Actual |
| 2024 | $60.19/hr | Actual |
| 2025 | $60.19/hr | Actual |
| 2026(current) | $62.12/hr | Estimated |
| 2027 | $64.10/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Rockford grew 20.0% from $50.17/hr (2019) to $60.19/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $64.10/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 Rockford 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 Rockford
In terms of part-time earning potential, a 3-day work week for an actuary translates to roughly $38,592 annually, significantly less than a full-time salary. For those looking at per-diem work within the actuary profession, while junior positions may offer limited options for 1099 engagements, more seasoned actuaries—especially Fellows of the Society of Actuaries (FSA) or those with Fellowship of the Casualty Actuarial Society (FCAS) designations—can capture lucrative consulting opportunities that bill between $250 and $500 per hour. Notably, expert witness roles, particularly in insurance or pension-related litigation, can demand $400 to $800 per hour, reflecting the financial acumen and reputation built through exam progressions. Employers, such as life or health insurance companies and consulting firms, offer varying pay scales, making negotiations essential. Some actuaries may opt for lower hourly compensation in exchange for comprehensive benefits. Understanding the local market in Rockford is crucial when negotiating hourly rates tailored to these parameters.
More salary data for Rockford, IL:
Frequently Asked Questions
What is the hourly rate for actuaries in Rockford in 2026?
How much do part-time actuaries make in Rockford?
Are actuaries in Rockford paid hourly or salary?
How much does a full-time actuary make per year in Rockford?
Do actuaries earn more per hour working part-time in Rockford?
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 Rockford. 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 Rockford 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