Actuary Hourly Pay in Independence, KY: $51.29 (2026)
Quick Answer:Hourly pay for a actuary working in Independence, KY runs $51.29 at the median for 2026 — annualizing to $106,682 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Independence's regional price level (BEA RPP 89.3, 11% below national), each hour of work buys what $57.44 nationally would. A 24-hour part-time schedule grosses $64,010 per year.
Based on BLS state-level estimates · View source
In 2026, actuaries in Independence, Kentucky, can expect a median hourly pay of $51.29, which is considerably lower than the national median of $64.50. This financial landscape affects various employment structures, particularly for those working part-time or on a per-diem basis. For actuaries dedicating their efforts to just three days a week, the income can be substantial yet variable, particularly when factoring workloads typical in settings such as insurance pricing departments or consulting engagements. The hourly pay ranges from about $31.96 for entry-level positions to $79.49 for the industry’s top earners, illustrating significant earning potential depending on experience and specialization. This hourly figure, derived from annual salary projections, offers a clear perspective for those considering a career in this field or assessing their current pay in the context of local market conditions.
About the Independence Market
Salary estimated from Kentucky average ($108,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $31.96 | $255.69 |
| Lower Range (P25) | $38.74 | $309.93 |
| Median (P50) | $51.29 | $410.32 |
| Upper Range (P75) | $65.65 | $525.16 |
| Top Earners (P90) | $79.49 | $635.96 |
Estimated Annual Income by Work Schedule in Independence
Based on $51.29/hr median hourly rate · 2026 est.
At $51.29/hr, a actuary working full-time (40 hr/wk) in Independence, KY can expect to earn approximately $106,684 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $61,548. With a cost-of-living index of 89.30 (below the national average), these earnings stretch further in Independence.
Hourly Rate Calculator
Schedule Comparison in Independence
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,051.62 | $8,890 | $106,684 |
| Part-Time (24 hrs) | $1,230.97 | $5,334 | $64,010 |
| Per Diem (16 hrs) | $820.65 | $3,556 | $42,674 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Independence) | $51.29 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Independence, KY earn a median of $106,682 per year (2026 est.), which is 20.48% lower than the national median of $134,160 and 0.80% below the Kentucky state average of $107,542.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $51.29/hr = $64,010/year (purchasing power: $71,680).
Working 40h/week (full-time) = $106,684/year (purchasing power: $119,467).
CoL index: 89.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$41.42/hr
2025 BLS Actual
$49.70/hr
2026 Current Est.
$51.29/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Independence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $41.42/hr | Actual |
| 2020 | $42.45/hr | Actual |
| 2021 | $40.49/hr | Actual |
| 2022 | $43.58/hr | Actual |
| 2023 | $45.88/hr | Actual |
| 2024 | $46.00/hr | Actual |
| 2025 | $49.70/hr | Actual |
| 2026(current) | $51.29/hr | Estimated |
| 2027 | $52.93/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Independence grew 20.0% from $41.42/hr (2019) to $49.70/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $52.93/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 Independence 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 Independence
For part-time actuaries in Independence, working a 24-hour week could yield roughly $59,083 annually, significantly less than what full-time colleagues may see. Those keen on per-diem or 1099 opportunities might find options less common at the junior level, but experienced professionals holding Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) credentials can command fees upwards of $250 to $800 per hour for specialized consulting or expert testimony roles. The employer type also affects pay scales; actuaries at life insurance giants like MetLife and Northwestern Mutual often see different hourly compensation compared to peers in health insurance or consulting firms like Mercer and Aon. Although some might choose positions with lower hourly rates for the financial stability of benefits, others may prioritize higher immediate earnings. It’s essential for actuaries to negotiate their hourly pay effectively, considering the local autonomy and skill demands of Independence's job market, where actuarial expertise in data science and predictive analytics is increasingly sought after.
More salary data for Independence, KY:
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 Independence. 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 Independence 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