Actuary Hourly Pay in Marion, IA: $57.34 (2026)
Quick Answer:Hourly pay for a actuary working in Marion, IA runs $57.34 at the median for 2026 — annualizing to $119,256 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 90.4, 10% below national), each hour of work buys what $63.43 nationally would. A 24-hour part-time schedule grosses $71,558 per year.
Based on BLS state-level estimates · View source
In Marion, IA, the actuary hourly pay is projected to be $57.34 in 2026, which reflects an 11.11% decrease compared to the national median of $64.50. This rate allows for flexible work arrangements, making it feasible for part-time actuaries or those considering per diem roles. For actuaries working three days a week, translating this rate into a typical 24-hour workweek can significantly impact income compared to full-time positions. The hourly pay range for this profession varies widely, from $34.81 at the entry-level to $88.87 for those among the highest earners. It's important to understand that these hourly estimates rely on annual salary data, providing a framework for understanding how actuaries in Marion can navigate their compensation.
About the Marion Market
Salary estimated from Iowa average ($120,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $34.81 | $278.47 |
| Lower Range (P25) | $42.67 | $341.39 |
| Median (P50) | $57.34 | $458.70 |
| Upper Range (P75) | $73.39 | $587.08 |
| Top Earners (P90) | $88.87 | $710.92 |
Estimated Annual Income by Work Schedule in Marion
Based on $57.34/hr median hourly rate · 2026 est.
At $57.34/hr, a actuary working full-time (40 hr/wk) in Marion, IA can expect to earn approximately $119,263 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $68,806. With a cost-of-living index of 90.40 (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) | $2,293.52 | $9,939 | $119,263 |
| Part-Time (24 hrs) | $1,376.11 | $5,963 | $71,558 |
| Per Diem (16 hrs) | $917.41 | $3,975 | $47,705 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Marion) | $57.34 |
| 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, IA earn a median of $119,256 per year (2026 est.), which is 11.11% lower than the national median of $134,160 and 1.70% below the Iowa state average of $121,318.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $57.34/hr = $71,558/year (purchasing power: $79,157).
Working 40h/week (full-time) = $119,263/year (purchasing power: $131,928).
CoL index: 90.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.31/hr
2025 BLS Actual
$55.56/hr
2026 Current Est.
$57.34/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 | $46.31/hr | Actual |
| 2020 | $47.45/hr | Actual |
| 2021 | $45.26/hr | Actual |
| 2022 | $48.72/hr | Actual |
| 2023 | $51.29/hr | Actual |
| 2024 | $51.28/hr | Actual |
| 2025 | $55.56/hr | Actual |
| 2026(current) | $57.34/hr | Estimated |
| 2027 | $59.17/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Marion grew 20.0% from $46.31/hr (2019) to $55.56/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $59.17/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 those considering part-time hours, an actuary working three days a week could take home an annual income considerably lower than full-time counterparts. Given a 24-hour workweek, the gross earnings would only approximate $70,292, which is a significant adjustment from full-time annual figures. Per-diem actuarial roles are less common for newer professionals; however, experienced actuaries, especially those with FSA or FCAS credentials in consulting or expert witness roles, can command fees between $250 and $800 per hour depending on the complexity of the work. In Marion, hourly pay can also fluctuate based on employer type, whether that’s life or health insurance, property and casualty firms, or consulting outfits. Many actuaries opt for positions with established benefits over higher hourly rates due to the overall trade-offs involved in securing health insurance and retirement plans, which might lead to lower hourly compensation. Understanding the local job market and knowing how to negotiate effectively based on specific skills can enhance earning potential for both part-time and full-time actuaries in this evolving field.
More salary data for Marion, IA:
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