Actuary Hourly Pay in Cumberland, MD: $65.25 (2026)
Quick Answer:Hourly pay for a actuary working in Cumberland, MD runs $65.25 at the median for 2026 — annualizing to $135,727 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Cumberland's regional price level (BEA RPP 109.3, 9% above national), each hour of work buys what $59.70 nationally would. A 24-hour part-time schedule grosses $81,436 per year.
Based on BLS state-level estimates · View source
In Cumberland, MD, the actuary hourly pay is projected to be a median of $65.25 in 2026, slightly above the national median of $64.50. This solid hourly rate is beneficial for part-time actuaries working three days a week, enabling them to balance professional responsibilities with personal commitments. For per-diem workers, the industry's varied environments—from insurance company actuarial pricing departments to consulting firm client engagement rooms—allow for flexibility in work schedules. The hourly range for actuaries in Cumberland spans from $43.28 at the entry level to $101.09 for top earners, reflecting not only experience but also the complexity and specialization within the field. These figures, derived from 2026 salary estimates based on 2025 BLS data, are indicative of the importance of both experience and ongoing education in determining hourly pay in this profession.
About the Cumberland 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) | $43.28 | $346.26 |
| Lower Range (P25) | $51.03 | $408.26 |
| Median (P50) | $65.25 | $522.03 |
| Upper Range (P75) | $83.27 | $666.18 |
| Top Earners (P90) | $101.09 | $808.76 |
Estimated Annual Income by Work Schedule in Cumberland
Based on $65.25/hr median hourly rate · 2026 est.
At $65.25/hr, a actuary working full-time (40 hr/wk) in Cumberland, MD can expect to earn approximately $135,727 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $78,304. With a cost-of-living index of 109.30 (above the national average), these earnings may be offset by higher expenses in Cumberland.
Hourly Rate Calculator
Schedule Comparison in Cumberland
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,610.13 | $11,311 | $135,727 |
| Part-Time (24 hrs) | $1,566.08 | $6,786 | $81,436 |
| Per Diem (16 hrs) | $1,044.05 | $4,524 | $54,291 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Cumberland) | $65.25 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Cumberland, MD earn a median of $135,727 per year (2026 est.), which is 1.17% higher than the national median of $134,160 and 7.40% below the Maryland state average of $146,573.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $65.25/hr = $81,436/year (purchasing power: $74,507).
Working 40h/week (full-time) = $135,727/year (purchasing power: $124,178).
CoL index: 109.3 (100 = national average).
2019 BLS Actual
$52.70/hr
2025 BLS Actual
$63.23/hr
2026 Current Est.
$65.25/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Cumberland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $52.70/hr | Actual |
| 2020 | $54.00/hr | Actual |
| 2021 | $51.51/hr | Actual |
| 2022 | $55.44/hr | Actual |
| 2023 | $58.37/hr | Actual |
| 2024 | $63.23/hr | Actual |
| 2025 | $63.23/hr | Actual |
| 2026(current) | $65.25/hr | Estimated |
| 2027 | $67.34/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Cumberland grew 20.0% from $52.70/hr (2019) to $63.23/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $67.34/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 Cumberland 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 Cumberland
Considering the part-time earning potential, an actuary in Cumberland working 24 hours per week would take home an annual income of approximately $81,960, which highlights the substantial difference between full-time and part-time arrangements. Per-diem contracts and consulting opportunities are often more feasible for seasoned professionals, as junior roles may not typically offer these options. In highly specialized settings, such as actuarial consulting firms or reinsurance companies, more senior actuaries can command considerable rates, billing per diem work between $250 and $500 an hour. While those working with health insurance companies may accept a lower hourly rate in exchange for comprehensive benefits, higher hourly rates can be found in consulting roles lacking those perks. When negotiating hourly pay in Cumberland, actuaries should emphasize their qualifications, including passed exams and relevant credentials, to secure competitive compensation aligned with the local market standards.
More salary data for Cumberland, 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 Cumberland. 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 Cumberland 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