Actuary Hourly Pay in Gary, IN: $58.97 (2026)
Quick Answer:Hourly pay for a actuary working in Gary, IN runs $58.97 at the median for 2026 — annualizing to $122,646 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Gary's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $64.59 nationally would. A 24-hour part-time schedule grosses $73,593 per year.
Based on BLS state-level estimates · View source
In 2026, the actuary hourly pay in Gary, Indiana, is projected to be $58.97, which is lower than the national median hourly rate of $64.50. This discrepancy may influence the choices of actuaries considering part-time or per-diem work, especially in settings such as insurance companies and consulting firms. For professionals working three days a week, this equates to a substantial income, allowing them to engage in valuable actuarial tasks that may not require a full 40-hour commitment. The hourly rates in Gary range from $34.57 for entry-level positions to $91.39 for those at the top of the pay scale. Given that these figures are derived from estimated annual salaries, they provide insight into the earning potential at various career stages in this specialized field.
About the Gary Market
Salary estimated from Indiana average ($115,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $34.57 | $276.58 |
| Lower Range (P25) | $43.07 | $344.52 |
| Median (P50) | $58.97 | $471.75 |
| Upper Range (P75) | $75.47 | $603.76 |
| Top Earners (P90) | $91.39 | $731.15 |
Estimated Annual Income by Work Schedule in Gary
Based on $58.97/hr median hourly rate · 2026 est.
At $58.97/hr, a actuary working full-time (40 hr/wk) in Gary, IN can expect to earn approximately $122,654 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $70,762. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Gary.
Hourly Rate Calculator
Schedule Comparison in Gary
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,358.74 | $10,221 | $122,654 |
| Part-Time (24 hrs) | $1,415.24 | $6,133 | $73,593 |
| Per Diem (16 hrs) | $943.50 | $4,088 | $49,062 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Gary) | $58.97 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Gary, IN earn a median of $122,646 per year (2026 est.), which is 8.58% lower than the national median of $134,160 and 0.10% above the Indiana state average of $122,523.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $58.97/hr = $73,593/year (purchasing power: $80,605).
Working 40h/week (full-time) = $122,654/year (purchasing power: $134,342).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.62/hr
2025 BLS Actual
$57.14/hr
2026 Current Est.
$58.97/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Gary (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.62/hr | Actual |
| 2020 | $48.80/hr | Actual |
| 2021 | $46.55/hr | Actual |
| 2022 | $50.10/hr | Actual |
| 2023 | $52.74/hr | Actual |
| 2024 | $50.54/hr | Actual |
| 2025 | $57.14/hr | Actual |
| 2026(current) | $58.97/hr | Estimated |
| 2027 | $60.86/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Gary grew 20.0% from $47.62/hr (2019) to $57.14/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $60.86/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 Gary 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 Gary
For an actuary opting for a 24-hour work week, this part-time arrangement would yield an annual income of approximately $46,000, significantly less than what a full-time role could offer. In contrast, per-diem or agency work is comparatively less common among junior actuaries; however, seasoned professionals with FSA or FCAS credentials can command rates between $250-$500 per hour for consulting engagements. Notably, specialized roles like expert witness testimony can demand up to $800 per hour, showcasing the potential for higher earnings within certain niches. Employers in Gary vary, with life insurance firms typically offering higher compensation compared to consulting groups, partially due to the benefits provided. Actuaries might accept lower hourly rates for roles that include health insurance and retirement benefits, impacting their overall compensation. For those negotiating hourly pay in Gary, emphasizing unique skills such as predictive analytics or advanced data modeling may provide leverage in securing better rates.
More salary data for Gary, IN:
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 Gary. 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 Gary 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