Actuary Hourly Pay in Severn, MD: $68.95 (2026)
Quick Answer:Hourly pay for a actuary working in Severn, MD runs $68.95 at the median for 2026 — annualizing to $143,422 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Severn's regional price level (BEA RPP 109.3, 9% above national), each hour of work buys what $63.08 nationally would. A 24-hour part-time schedule grosses $86,047 per year.
Based on BLS state-level estimates · View source
In Severn, Maryland, actuaries enjoy a median hourly pay of $68.95, reflecting a competitive advantage over the national median of $64.50. This hourly rate is particularly favorable for part-time actuaries working three days a week, or on a per-diem basis, providing substantial earning potential in commonly occupied settings such as insurance company actuarial pricing departments, consulting firm client engagement rooms, and remote modeling projects. The hourly pay range in Severn varies widely, from an entry-level rate of $43.28 to $106.87 for more experienced professionals, estimating earnings from annual salary data. Given that the total compensation for actuaries often reflects the demand for their analytic skills, this hourly structure creates appealing opportunities for both aspiring and seasoned actuaries in the area.
About the Severn 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) | $52.56 | $420.48 |
| Median (P50) | $68.95 | $551.58 |
| Upper Range (P75) | $88.26 | $706.05 |
| Top Earners (P90) | $106.87 | $854.99 |
Estimated Annual Income by Work Schedule in Severn
Based on $68.95/hr median hourly rate · 2026 est.
At $68.95/hr, a actuary working full-time (40 hr/wk) in Severn, MD can expect to earn approximately $143,412 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $82,738. With a cost-of-living index of 109.30 (above the national average), these earnings may be offset by higher expenses in Severn.
Hourly Rate Calculator
Schedule Comparison in Severn
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,757.92 | $11,951 | $143,412 |
| Part-Time (24 hrs) | $1,654.75 | $7,171 | $86,047 |
| Per Diem (16 hrs) | $1,103.17 | $4,780 | $57,365 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Severn) | $68.95 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Severn, MD earn a median of $143,422 per year (2026 est.), which is 6.90% higher than the national median of $134,160 and 2.20% below the Maryland state average of $146,648.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.95/hr = $86,047/year (purchasing power: $78,726).
Working 40h/week (full-time) = $143,412/year (purchasing power: $131,209).
CoL index: 109.3 (100 = national average).
2019 BLS Actual
$55.68/hr
2025 BLS Actual
$66.81/hr
2026 Current Est.
$68.95/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Severn (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $55.68/hr | Actual |
| 2020 | $57.06/hr | Actual |
| 2021 | $54.42/hr | Actual |
| 2022 | $58.58/hr | Actual |
| 2023 | $61.67/hr | Actual |
| 2024 | $66.81/hr | Actual |
| 2025 | $66.81/hr | Actual |
| 2026(current) | $68.95/hr | Estimated |
| 2027 | $71.15/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Severn grew 20.0% from $55.68/hr (2019) to $66.81/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $71.15/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 Severn 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 Severn
Examining the financial implications for part-time actuaries reveals significant differences in income, with someone working 24 hours a week earning substantially less annually compared to their full-time counterparts. Given the scarcity of per-diem work for junior-level positions, actuaries at more advanced levels, such as FSA or FCAS credential holders, often engage in consulting or expert witness testimony, commanding hourly rates that can soar higher than typical salaries in the insurance sector. For example, actuaries involved in litigation may charge between $400-$800 per hour for their expertise in insurance and pension cases. Furthermore, pay structures can differ based on employment type, with life insurance firms and health insurance companies offering typically lower hourly rates accompanied by benefits, while consulting firms may present higher rates but without additional perks. As actuaries seek to negotiate their hourly pay in Severn, it is crucial to weigh the benefits of job security against the allure of higher compensation in specific roles, fostering informed career decisions in a competitive market.
More salary data for Severn, 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 Severn. 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 Severn 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