Actuary Hourly Pay in Hagerstown, MD: $68.18 (2026)
Quick Answer:Hourly pay for a actuary working in Hagerstown, MD runs $68.18 at the median for 2026 — annualizing to $141,823 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Hagerstown's regional price level (BEA RPP 109.3, 9% above national), each hour of work buys what $62.38 nationally would. A 24-hour part-time schedule grosses $85,094 per year.
Based on BLS state-level estimates · View source
In Hagerstown, Maryland, the actuary hourly pay is projected to be $68.18 in 2026, significantly above the national median of $64.50. This competitive rate reflects the city’s demand for actuarial expertise, particularly within insurance companies, consulting firms, and pension planning organizations. For part-time actuaries working three days a week, or those engaged in per-diem roles, the hourly rate translates into potential earnings that support a balanced work-life structure. Depending on experience and specialization, hourly pay in Hagerstown can range from $43.17 for entry-level positions to $105.69 for top earners, signaling a rewarding career path for actuaries in various sectors. Employers in the area typically include a mix of life and health insurance providers, as well as consulting firms, optimizing opportunities for flexible work while still achieving solid compensation.
About the Hagerstown 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) | $43.17 | $345.35 |
| Lower Range (P25) | $52.01 | $416.10 |
| Median (P50) | $68.18 | $545.47 |
| Upper Range (P75) | $87.28 | $698.21 |
| Top Earners (P90) | $105.69 | $845.50 |
Estimated Annual Income by Work Schedule in Hagerstown
Based on $68.18/hr median hourly rate · 2026 est.
At $68.18/hr, a actuary working full-time (40 hr/wk) in Hagerstown, MD can expect to earn approximately $141,823 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $81,821. With a cost-of-living index of 109.30 (above the national average), these earnings may be offset by higher expenses in Hagerstown.
Hourly Rate Calculator
Schedule Comparison in Hagerstown
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,727.37 | $11,819 | $141,823 |
| Part-Time (24 hrs) | $1,636.42 | $7,091 | $85,094 |
| Per Diem (16 hrs) | $1,090.95 | $4,727 | $56,729 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Hagerstown) | $68.18 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Hagerstown, MD earn a median of $141,823 per year (2026 est.), which is 5.71% higher than the national median of $134,160 and 3.30% below the Maryland state average of $146,662.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.18/hr = $85,094/year (purchasing power: $77,854).
Working 40h/week (full-time) = $141,823/year (purchasing power: $129,756).
CoL index: 109.3 (100 = national average).
2019 BLS Actual
$55.07/hr
2025 BLS Actual
$66.07/hr
2026 Current Est.
$68.18/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Hagerstown (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $55.07/hr | Actual |
| 2020 | $56.43/hr | Actual |
| 2021 | $53.82/hr | Actual |
| 2022 | $57.93/hr | Actual |
| 2023 | $60.99/hr | Actual |
| 2024 | $66.07/hr | Actual |
| 2025 | $66.07/hr | Actual |
| 2026(current) | $68.18/hr | Estimated |
| 2027 | $70.37/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Hagerstown grew 20.0% from $55.07/hr (2019) to $66.07/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $70.37/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 Hagerstown 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 Hagerstown
Evaluating the earning potential for part-time actuaries working a 24-hour week highlights the trade-offs in this profession. For those in Hagerstown, this translates to an approximate annual take-home income of around $84,899, which contrasts sharply with a full-time actuary's potential earnings. Engaging in per-diem or 1099 work is atypical for junior actuaries, yet seasoned professionals holding FSA or FCAS credentials can command rates between $250 and $500 per hour in consulting engagements. Additionally, expert witness roles in insurance or pension litigation can bring in between $400 and $800 per hour, significantly elevating earnings. In Hagerstown, hourly rates can also vary based on the type of employer; life insurance firms, health insurers, and consulting companies may offer different compensation structures and benefits. Many actuaries must balance the lure of higher hourly rates with the security of health benefits from full-time positions. Negotiating effectively requires understanding the local market demands, demonstrating strong analytical skills, and showcasing any relevant certifications or advances in exam progression.
More salary data for Hagerstown, 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 Hagerstown. 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 Hagerstown 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