Actuary Hourly Pay in Schaumburg, IL: $61.51 (2026)
Quick Answer:Hourly pay for a actuary working in Schaumburg, IL runs $61.51 at the median for 2026 — annualizing to $127,930 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Schaumburg's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $63.34 nationally would. A 24-hour part-time schedule grosses $76,761 per year.
Based on BLS state-level estimates · View source
In Schaumburg, Illinois, the average actuary hourly pay is projected to be $61.51, which is slightly lower than the national median of $64.50. This figure gives insight into what actuaries in Schaumburg can expect if they work part-time or take on per-diem roles, common in settings such as insurance companies, consulting firms, and pension advisory groups. With starting hourly rates around $39.00 for entry-level positions and top earners making up to $95.34, this wage scale allows for diverse career paths within the profession. Many actuaries find themselves involved in various tasks that emphasize both technical and analytical skills, making the hourly rate highly reflective of the levels of expertise and complexity of the work.
About the Schaumburg 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) | $39.00 | $311.99 |
| Lower Range (P25) | $47.17 | $377.38 |
| Median (P50) | $61.51 | $492.06 |
| Upper Range (P75) | $78.73 | $629.85 |
| Top Earners (P90) | $95.34 | $762.69 |
Estimated Annual Income by Work Schedule in Schaumburg
Based on $61.51/hr median hourly rate · 2026 est.
At $61.51/hr, a actuary working full-time (40 hr/wk) in Schaumburg, IL can expect to earn approximately $127,935 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,809. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Schaumburg.
Hourly Rate Calculator
Schedule Comparison in Schaumburg
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,460.29 | $10,661 | $127,935 |
| Part-Time (24 hrs) | $1,476.17 | $6,397 | $76,761 |
| Per Diem (16 hrs) | $984.12 | $4,264 | $51,174 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Schaumburg) | $61.51 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Schaumburg, IL earn a median of $127,930 per year (2026 est.), which is 4.64% lower than the national median of $134,160 and 1.80% below the Illinois state average of $130,275.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $61.51/hr = $76,761/year (purchasing power: $79,054).
Working 40h/week (full-time) = $127,935/year (purchasing power: $131,756).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$49.67/hr
2025 BLS Actual
$59.60/hr
2026 Current Est.
$61.51/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Schaumburg (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.67/hr | Actual |
| 2020 | $50.90/hr | Actual |
| 2021 | $48.55/hr | Actual |
| 2022 | $52.26/hr | Actual |
| 2023 | $55.02/hr | Actual |
| 2024 | $59.60/hr | Actual |
| 2025 | $59.60/hr | Actual |
| 2026(current) | $61.51/hr | Estimated |
| 2027 | $63.48/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Schaumburg grew 20.0% from $49.67/hr (2019) to $59.60/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $63.48/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 Schaumburg 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 Schaumburg
Considering the potential for part-time actuaries working three days a week, they could expect to take home approximately $75,000 annually, significantly less than their full-time counterparts. While per-diem or agency roles are often avoided at junior levels, seasoned actuaries in consulting or expert witness capacities can earn substantial hourly rates ranging from $250 to upwards of $800, depending on the nature of the work. In Schaumburg, different sectors like life insurance giants and health insurers can significantly influence hourly compensation; actuaries at top firms tend to receive higher salaries, but many opt for roles with lower hourly rates in exchange for comprehensive benefits packages. For those negotiating hourly pay, it's beneficial to factor in these aspects, as well as to leverage specialized skills acquired through exam progression, particularly if they are pursuing FSA or FCAS credentials.
More salary data for Schaumburg, 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 Schaumburg. 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 Schaumburg 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