Actuary Hourly Pay in Marion, IN: $56.91 (2026)
Quick Answer:Hourly pay for a actuary working in Marion, IN runs $56.91 at the median for 2026 — annualizing to $118,381 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Marion's regional price level (BEA RPP 91.3, 9% below national), each hour of work buys what $62.34 nationally would. A 24-hour part-time schedule grosses $71,030 per year.
Based on BLS state-level estimates · View source
In Marion, Indiana, actuaries earn a median hourly pay of $56.91, which falls below the national median of $64.50. This hourly rate can provide a comfortable living, especially for roles that allow flexible work arrangements, such as part-time positions typically held three days a week, or per-diem work in various actuarial settings like insurance pricing departments or consulting firms. For entry-level actuaries just starting their careers, hourly wages can be as low as $37.62, while those at the peak of their profession can earn up to $88.22 per hour. It's important to recognize that these hourly figures have been estimated from annual salary data and reflect broader trends in the local job market for actuaries.
About the Marion 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) | $37.62 | $300.93 |
| Lower Range (P25) | $44.62 | $356.99 |
| Median (P50) | $56.91 | $455.32 |
| Upper Range (P75) | $72.36 | $578.91 |
| Top Earners (P90) | $88.22 | $705.72 |
Estimated Annual Income by Work Schedule in Marion
Based on $56.91/hr median hourly rate · 2026 est.
At $56.91/hr, a actuary working full-time (40 hr/wk) in Marion, IN can expect to earn approximately $118,383 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $68,298. With a cost-of-living index of 91.30 (below the national average), these earnings stretch further in Marion.
Hourly Rate Calculator
Schedule Comparison in Marion
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,276.59 | $9,865 | $118,383 |
| Part-Time (24 hrs) | $1,365.96 | $5,919 | $71,030 |
| Per Diem (16 hrs) | $910.64 | $3,946 | $47,353 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Marion) | $56.91 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Marion, IN earn a median of $118,381 per year (2026 est.), which is 11.76% lower than the national median of $134,160 and 3.40% below the Indiana state average of $122,547.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $56.91/hr = $71,030/year (purchasing power: $77,798).
Working 40h/week (full-time) = $118,383/year (purchasing power: $129,664).
CoL index: 91.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$45.97/hr
2025 BLS Actual
$55.15/hr
2026 Current Est.
$56.91/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Marion (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $45.97/hr | Actual |
| 2020 | $47.10/hr | Actual |
| 2021 | $44.93/hr | Actual |
| 2022 | $48.36/hr | Actual |
| 2023 | $50.91/hr | Actual |
| 2024 | $48.79/hr | Actual |
| 2025 | $55.15/hr | Actual |
| 2026(current) | $56.91/hr | Estimated |
| 2027 | $58.74/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Marion grew 20.0% from $45.97/hr (2019) to $55.15/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $58.74/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 Marion 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 Marion
For actuaries considering part-time work in Marion, those working 24 hours a week can expect to take home significantly less than their full-time counterparts. Depending on their level of experience and type of employer—ranging from life insurance firms like Prudential and MetLife to consulting giants like Milliman and Aon—there are various opportunities affecting hourly compensation. While per-diem actuarial work is generally rare for entry-level positions, seasoned professionals, particularly those holding FSA or FCAS designations, can command rates between $250 and $500 per hour for consulting. Additionally, actuaries providing expert testimony can earn even higher fees, between $400 and $800 per hour. Many professionals in the region choose a slightly lower hourly rate with benefits from employers like health insurance companies over higher pay without benefits. Crafting strong negotiation strategies is crucial in discussions about hourly pay, especially to account for local market conditions and individual qualifications, including progress on actuarial exams, which often result in notable increases in pay.
More salary data for Marion, 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 Marion. 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 Marion 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