Actuary Hourly Pay in Goshen, IN: $56.32 (2026)
Quick Answer:Hourly pay for a actuary working in Goshen, IN runs $56.32 at the median for 2026 — annualizing to $117,136 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Goshen's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $61.68 nationally would. A 24-hour part-time schedule grosses $70,283 per year.
Based on BLS state-level estimates · View source
Actuaries in Goshen, Indiana, receive a median hourly pay of $56.32, which reflects a notable disparity compared to the national median of $64.50. This discrepancy suggests that while Goshen presents opportunities within sectors like insurance and consulting, the rates may be more competitive in larger urban areas. For those considering part-time roles, such as a 24-hour work week or three days a week, the hourly rate translates directly into variable income, allowing individuals to balance work and personal commitments while still reaping considerable earnings. The hourly range for actuaries in the area spans from $36.07 for entry-level positions to $87.29 for seasoned professionals, providing a pathway for skilled actuaries to excel, particularly in environments such as actuarial pricing departments and remote modeling work.
About the Goshen 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) | $36.07 | $288.55 |
| Lower Range (P25) | $43.44 | $347.50 |
| Median (P50) | $56.32 | $450.53 |
| Upper Range (P75) | $72.09 | $576.68 |
| Top Earners (P90) | $87.29 | $698.29 |
Estimated Annual Income by Work Schedule in Goshen
Based on $56.32/hr median hourly rate · 2026 est.
At $56.32/hr, a actuary working full-time (40 hr/wk) in Goshen, IN can expect to earn approximately $117,138 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $67,579. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Goshen.
Hourly Rate Calculator
Schedule Comparison in Goshen
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,252.65 | $9,761 | $117,138 |
| Part-Time (24 hrs) | $1,351.59 | $5,857 | $70,283 |
| Per Diem (16 hrs) | $901.06 | $3,905 | $46,855 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Goshen) | $56.32 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Goshen, IN earn a median of $117,136 per year (2026 est.), which is 12.69% lower than the national median of $134,160 and 4.40% below the Indiana state average of $122,527.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $56.32/hr = $70,283/year (purchasing power: $76,980).
Working 40h/week (full-time) = $117,138/year (purchasing power: $128,300).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$45.48/hr
2025 BLS Actual
$54.57/hr
2026 Current Est.
$56.32/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Goshen (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $45.48/hr | Actual |
| 2020 | $46.61/hr | Actual |
| 2021 | $44.45/hr | Actual |
| 2022 | $47.85/hr | Actual |
| 2023 | $50.37/hr | Actual |
| 2024 | $48.27/hr | Actual |
| 2025 | $54.57/hr | Actual |
| 2026(current) | $56.32/hr | Estimated |
| 2027 | $58.12/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Goshen grew 20.0% from $45.48/hr (2019) to $54.57/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $58.12/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 Goshen 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 Goshen
Calculating potential earnings based on part-time engagement reveals that a 3-day week could yield substantial annual take-home pay compared to full-time employment, depending on the hours worked. However, while the per-diem model for actuaries is less common at junior levels, experienced professionals often find lucrative opportunities, especially in consulting roles where billing can range from $250 to $500 per hour for FSA or FCAS credentials, and even spike up to $800 per hour for expert witness testimony. Hourly pay can vary significantly based on the type of employer; life and health insurers may offer steadier, benefit-laden positions, whereas roles in property and casualty insurance or consulting might pay less but provide greater flexibility. For actuaries in Goshen, negotiating for higher compensation requires awareness of local market conditions and the trade-offs between benefits and pay scales, especially given the competitive nature of the industry as it pertains to exam progression and specialized skills in predictive analytics.
More salary data for Goshen, 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 Goshen. 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 Goshen 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