Actuary Hourly Pay in Owensboro, KY: $52.13 (2026)
Quick Answer:Hourly pay for a actuary working in Owensboro, KY runs $52.13 at the median for 2026 — annualizing to $108,414 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Owensboro's regional price level (BEA RPP 89.3, 11% below national), each hour of work buys what $58.37 nationally would. A 24-hour part-time schedule grosses $65,054 per year.
Based on BLS state-level estimates · View source
In Owensboro, KY, actuaries earn a median hourly rate of $52.13, which is significantly lower than the national median of $64.50. This pay scale reflects the regional economic context and the relatively low cost of living in Owensboro, which has a cost of living index of 89.3. For actuaries working part-time, perhaps three days a week, this hourly rate could translate to approximately $41,707 annually, assuming a standard 24-hour work schedule. Those at the entry-level can expect to start around $31.14 per hour, while the more experienced professionals might command rates up to $80.78. These figures help frame the earning potential for actuarial roles across various settings, including insurance firms, consulting agencies, and remote work environments, where many actuaries collaborate on pricing models, risk assessments, and pension planning.
About the Owensboro 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) | $31.14 | $249.08 |
| Lower Range (P25) | $38.50 | $308.03 |
| Median (P50) | $52.13 | $417.01 |
| Upper Range (P75) | $66.72 | $533.75 |
| Top Earners (P90) | $80.78 | $646.28 |
Estimated Annual Income by Work Schedule in Owensboro
Based on $52.13/hr median hourly rate · 2026 est.
At $52.13/hr, a actuary working full-time (40 hr/wk) in Owensboro, KY can expect to earn approximately $108,423 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $62,552. With a cost-of-living index of 89.30 (below the national average), these earnings stretch further in Owensboro.
Hourly Rate Calculator
Schedule Comparison in Owensboro
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,085.05 | $9,035 | $108,423 |
| Part-Time (24 hrs) | $1,251.03 | $5,421 | $65,054 |
| Per Diem (16 hrs) | $834.02 | $3,614 | $43,369 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Owensboro) | $52.13 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Owensboro, KY earn a median of $108,414 per year (2026 est.), which is 19.19% lower than the national median of $134,160 and 0.80% above the Kentucky state average of $107,553.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $52.13/hr = $65,054/year (purchasing power: $72,848).
Working 40h/week (full-time) = $108,423/year (purchasing power: $121,414).
CoL index: 89.3 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$42.10/hr
2025 BLS Actual
$50.51/hr
2026 Current Est.
$52.13/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Owensboro (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $42.10/hr | Actual |
| 2020 | $43.14/hr | Actual |
| 2021 | $41.15/hr | Actual |
| 2022 | $44.29/hr | Actual |
| 2023 | $46.62/hr | Actual |
| 2024 | $46.75/hr | Actual |
| 2025 | $50.51/hr | Actual |
| 2026(current) | $52.13/hr | Estimated |
| 2027 | $53.79/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Owensboro grew 20.0% from $42.10/hr (2019) to $50.51/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $53.79/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 Owensboro 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 Owensboro
Examining the part-time earning potential reveals that an actuary working 24 hours a week can effectively balance work with other commitments while still bringing home a reasonable income. Although per diem actuary pay in Owensboro is not as common for junior practitioners, seasoned actuaries with Fellowship-designated credentials can expect to bill between $250 to $500 per hour for consulting work. Opportunities for expert testimony in litigation related to insurance or pensions can yield between $400 to $800 per hour, depending on the complexity of the case. Employers in Owensboro range from life insurance companies like Prudential and Northwestern Mutual to larger health insurers such as Cigna and UnitedHealth. It's crucial for actuaries to weigh the benefits of steady employment against the potential of higher hourly rates found in consulting roles. Those seeking hourly positions may want to leverage negotiation tactics to ensure compensation aligns with the industry standards while considering the balance between hourly pay and benefits, particularly health insurance coverage, which is often vital for many professionals in this field.
More salary data for Owensboro, 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 Owensboro. 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 Owensboro 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