Actuary Hourly Pay in Ellicott City, MD: $70.81 (2026)
Quick Answer:Hourly pay for a actuary working in Ellicott City, MD runs $70.81 at the median for 2026 — annualizing to $147,266 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Ellicott City's regional price level (BEA RPP 109.3, 9% above national), each hour of work buys what $64.78 nationally would. A 24-hour part-time schedule grosses $88,365 per year.
Based on BLS state-level estimates · View source
In Ellicott City, Maryland, the actuary hourly pay is projected at $70.81 for 2026, which is significantly higher than the national hourly median of $64.50. This advantageous rate benefits both full-time and part-time professionals, particularly those working three days a week. Actuaries typically find employment within insurance companies, consulting firms, or government agencies, engaging in tasks such as risk assessment or financial modeling. For those just starting in the field, entry-level hourly rates are around $41.86, while top earners can command up to $109.74 per hour, reflecting the progression one can achieve through exam completions and experience. These figures, rooted in annual salary estimates, underscore the potential for both stable employment and lucrative consulting options in Ellicott City.
About the Ellicott City 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) | $41.86 | $334.86 |
| Lower Range (P25) | $51.96 | $415.69 |
| Median (P50) | $70.81 | $566.44 |
| Upper Range (P75) | $90.63 | $725.04 |
| Top Earners (P90) | $109.74 | $877.94 |
Estimated Annual Income by Work Schedule in Ellicott City
Based on $70.81/hr median hourly rate · 2026 est.
At $70.81/hr, a actuary working full-time (40 hr/wk) in Ellicott City, MD can expect to earn approximately $147,275 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $84,967. With a cost-of-living index of 109.30 (above the national average), these earnings may be offset by higher expenses in Ellicott City.
Hourly Rate Calculator
Schedule Comparison in Ellicott City
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,832.22 | $12,273 | $147,275 |
| Part-Time (24 hrs) | $1,699.33 | $7,364 | $88,365 |
| Per Diem (16 hrs) | $1,132.89 | $4,909 | $58,910 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Ellicott City) | $70.81 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Ellicott City, MD earn a median of $147,266 per year (2026 est.), which is 9.77% higher than the national median of $134,160 and 0.40% above the Maryland state average of $146,680.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $70.81/hr = $88,365/year (purchasing power: $80,847).
Working 40h/week (full-time) = $147,275/year (purchasing power: $134,744).
CoL index: 109.3 (100 = national average).
2019 BLS Actual
$57.18/hr
2025 BLS Actual
$68.61/hr
2026 Current Est.
$70.81/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Ellicott City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $57.18/hr | Actual |
| 2020 | $58.60/hr | Actual |
| 2021 | $55.89/hr | Actual |
| 2022 | $60.16/hr | Actual |
| 2023 | $63.33/hr | Actual |
| 2024 | $68.61/hr | Actual |
| 2025 | $68.61/hr | Actual |
| 2026(current) | $70.81/hr | Estimated |
| 2027 | $73.07/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Ellicott City grew 20.0% from $57.18/hr (2019) to $68.61/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $73.07/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 Ellicott City 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 Ellicott City
When considering a part-time actuary working 24 hours weekly, one could expect an annual income significantly lower than a full-time position yet still respectable. Consulting actuaries with Fellowship credentials—such as FSA or FCAS—often engage in per diem work that can bill between $250 and $500 per hour. For expert witness roles related to insurance or pension litigation, hourly compensation can soar to between $400 and $800. Various employer types in Ellicott City, including life and health insurance companies like UnitedHealth and Prudential, see variations in pay scales, with consulting firms often providing higher compensation due to their specialized needs. Those weighing lower hourly pay for stable health benefits against higher rates without such benefits should consider their personal circumstances and career aspirations. Negotiating pay effectively becomes vital, especially when discussing terms in Ellicott City’s specialized market; understanding the value one brings and the cost of living can strengthen bargaining positions.
More salary data for Ellicott City, 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 Ellicott City. 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 Ellicott City 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