Actuary Hourly Pay in Bowie, MD: $70.16 (2026)
Quick Answer:Hourly pay for a actuary working in Bowie, MD runs $70.16 at the median for 2026 — annualizing to $145,920 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Bowie's regional price level (BEA RPP 109.3, 9% above national), each hour of work buys what $64.19 nationally would. A 24-hour part-time schedule grosses $87,554 per year.
Based on BLS state-level estimates · View source
In Bowie, Maryland, the median hourly pay for actuaries is projected at $70.16 for 2026, notably higher than the national median of $64.50. This attractive rate reflects the demand for skilled professionals in various actuarial settings, including insurance companies, consulting firms, and remote modeling practices. Actuaries working part-time, such as those engaged three days per week, can expect to earn a substantial income that complements their schedules. The hourly pay range in Bowie spans from approximately $40.69 for entry-level positions to $108.74 for experienced professionals, providing a competitive landscape for both new entrants and seasoned actuaries looking to further their careers.
About the Bowie Market
Salary estimated from Maryland average ($130,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $40.69 | $325.53 |
| Lower Range (P25) | $50.71 | $405.70 |
| Median (P50) | $70.16 | $561.24 |
| Upper Range (P75) | $89.79 | $718.35 |
| Top Earners (P90) | $108.74 | $869.93 |
Estimated Annual Income by Work Schedule in Bowie
Based on $70.16/hr median hourly rate · 2026 est.
At $70.16/hr, a actuary working full-time (40 hr/wk) in Bowie, MD can expect to earn approximately $145,923 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $84,186. With a cost-of-living index of 109.30 (above the national average), these earnings may be offset by higher expenses in Bowie.
Hourly Rate Calculator
Schedule Comparison in Bowie
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,806.21 | $12,160 | $145,923 |
| Part-Time (24 hrs) | $1,683.73 | $7,296 | $87,554 |
| Per Diem (16 hrs) | $1,122.49 | $4,864 | $58,369 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Bowie) | $70.16 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Bowie, MD earn a median of $145,920 per year (2026 est.), which is 8.77% higher than the national median of $134,160 and 0.50% below the Maryland state average of $146,653.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $70.16/hr = $87,554/year (purchasing power: $80,104).
Working 40h/week (full-time) = $145,923/year (purchasing power: $133,507).
CoL index: 109.3 (100 = national average).
2019 BLS Actual
$56.66/hr
2025 BLS Actual
$67.98/hr
2026 Current Est.
$70.16/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Bowie (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $56.66/hr | Actual |
| 2020 | $58.06/hr | Actual |
| 2021 | $55.38/hr | Actual |
| 2022 | $59.61/hr | Actual |
| 2023 | $62.75/hr | Actual |
| 2024 | $67.98/hr | Actual |
| 2025 | $67.98/hr | Actual |
| 2026(current) | $70.16/hr | Estimated |
| 2027 | $72.40/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Bowie grew 20.0% from $56.66/hr (2019) to $67.98/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $72.40/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 Bowie 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 Bowie
Part-time actuaries working 24 hours a week in Bowie can realistically anticipate annual earnings of around $87,200, a figure that underscores an appealing income for those balancing other commitments. Although per-diem work is rarely available to junior actuaries, established professionals with FSA or FCAS credentials in consulting engagements may charge rates between $250 and $500 per hour. Additionally, expert witness roles can garner even higher compensation, ranging from $400 to $800 per hour, reflecting a lucrative market for highly experienced actuaries. Hourly rates can vary significantly across employer types in Bowie; reputable companies in life insurance, health care, and pensions, such as Prudential, UnitedHealth, and Mercer, provide diverse opportunities. While some actuaries might settle for lower pay for the sake of employee benefits, others favor higher hourly rates without benefits, emphasizing the need for diligent negotiation strategies, particularly given the city’s cost of living index at 109.3.
More salary data for Bowie, MD:
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 Bowie. 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 Bowie 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