Actuary Hourly Pay in Chelsea, MA: $69.34 (2026)
Quick Answer:Hourly pay for a actuary working in Chelsea, MA runs $69.34 at the median for 2026 — annualizing to $144,229 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Chelsea's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $63.91 nationally would. A 24-hour part-time schedule grosses $86,536 per year.
Based on BLS state-level estimates · View source
Actuaries in Chelsea, Massachusetts, can expect a median hourly pay of $69.34, which exceeds the national hourly median of $64.50. This competitive rate suggests that both part-time workers and per-diem actuaries can find rewarding opportunities within local insurance and consulting environments. Actuaries participating in three-day workweeks would still earn a substantial income, while those working on a per-diem basis might find their rates vary significantly based on experience and the specific demands of the project. The hourly range for actuaries in this area spans from approximately $42.99 for entry-level positions to $107.48 for top earners, reflecting a robust job market that benefits from various sectors including insurance pricing, consulting, and pension evaluations. Rates are derived from annual salary projections, highlighting the versatility and financial viability of actuarial work in Chelsea.
About the Chelsea Market
Salary estimated from Massachusetts average ($142,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $42.99 | $343.94 |
| Lower Range (P25) | $52.27 | $418.17 |
| Median (P50) | $69.34 | $554.72 |
| Upper Range (P75) | $88.75 | $710.02 |
| Top Earners (P90) | $107.48 | $859.86 |
Estimated Annual Income by Work Schedule in Chelsea
Based on $69.34/hr median hourly rate · 2026 est.
At $69.34/hr, a actuary working full-time (40 hr/wk) in Chelsea, MA can expect to earn approximately $144,227 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $83,208. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Chelsea.
Hourly Rate Calculator
Schedule Comparison in Chelsea
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,773.60 | $12,019 | $144,227 |
| Part-Time (24 hrs) | $1,664.16 | $7,211 | $86,536 |
| Per Diem (16 hrs) | $1,109.44 | $4,808 | $57,691 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Chelsea) | $69.34 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Chelsea, MA earn a median of $144,229 per year (2026 est.), which is 7.51% higher than the national median of $134,160 and 0.90% below the Massachusetts state average of $145,539.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $69.34/hr = $86,536/year (purchasing power: $79,757).
Working 40h/week (full-time) = $144,227/year (purchasing power: $132,928).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$56.00/hr
2025 BLS Actual
$67.19/hr
2026 Current Est.
$69.34/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Chelsea (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $56.00/hr | Actual |
| 2020 | $57.39/hr | Actual |
| 2021 | $54.73/hr | Actual |
| 2022 | $58.92/hr | Actual |
| 2023 | $62.02/hr | Actual |
| 2024 | $73.39/hr | Actual |
| 2025 | $67.19/hr | Actual |
| 2026(current) | $69.34/hr | Estimated |
| 2027 | $71.56/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Chelsea grew 20.0% from $56.00/hr (2019) to $67.19/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $71.56/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 Chelsea 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 Chelsea
Part-time actuaries in Chelsea working a 24-hour week could take home around $85,753 annually. In contrast, full-time actuaries significantly increase their earnings potential, emphasizing the benefits of full-time roles, such as access to health insurance and retirement plans. The landscape for per-diem actuary pay in Chelsea shows fewer opportunities for entry-level positions, while experienced actuaries like FSA or FCAS often secure rates between $250-$500 for consulting projects and can reach as high as $400-$800 per hour in expert witness cases. Hourly rates can vary considerably depending on the employer type—including life insurers like Prudential, health organizations such as UnitedHealth, or reinsurance firms like Munich Re—creating a diverse compensation environment. Actuaries must consider the trade-off between potentially lower hourly rates with benefits versus higher pay without them. Moreover, those negotiating hourly contracts should prepare for discussions that reflect their qualifications in the context of local market conditions and the demand for applied analytics skills in today’s data-driven environment.
More salary data for Chelsea, MA:
Frequently Asked Questions
What is the hourly rate for actuaries in Chelsea in 2026?
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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 Chelsea. 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 Chelsea 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