Actuary Hourly Pay in Franklin, MA: $66.72 (2026)
Quick Answer:Hourly pay for a actuary working in Franklin, MA runs $66.72 at the median for 2026 — annualizing to $138,785 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Franklin's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $61.49 nationally would. A 24-hour part-time schedule grosses $83,265 per year.
Based on BLS state-level estimates · View source
In Franklin, Massachusetts, the median hourly pay for actuaries is projected to be $66.72 in 2026, which positions it above the national median of $64.50. This rate is noteworthy for professionals working part-time, such as those in consulting roles or insurance firms, where a typical schedule might consist of three days a week. For those pursuing per-diem opportunities, actuaries in settings such as pricing departments and pension plan meetings can expect varied compensation depending on their expertise and client engagement. The hourly range extends from approximately $42.69 at the entry-level to around $103.42 for top earners. These figures reflect estimated hourly wages derived from annual salary data, revealing a lucrative option for both full-time and contingent workers in the Franklin area.
About the Franklin 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) | $42.69 | $341.55 |
| Lower Range (P25) | $49.74 | $397.94 |
| Median (P50) | $66.72 | $533.75 |
| Upper Range (P75) | $85.41 | $683.27 |
| Top Earners (P90) | $103.42 | $827.33 |
Estimated Annual Income by Work Schedule in Franklin
Based on $66.72/hr median hourly rate · 2026 est.
At $66.72/hr, a actuary working full-time (40 hr/wk) in Franklin, MA can expect to earn approximately $138,775 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $80,063. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Franklin.
Hourly Rate Calculator
Schedule Comparison in Franklin
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,668.75 | $11,565 | $138,775 |
| Part-Time (24 hrs) | $1,601.25 | $6,939 | $83,265 |
| Per Diem (16 hrs) | $1,067.50 | $4,626 | $55,510 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Franklin) | $66.72 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Franklin, MA earn a median of $138,785 per year (2026 est.), which is 3.45% higher than the national median of $134,160 and 4.70% below the Massachusetts state average of $145,630.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $66.72/hr = $83,265/year (purchasing power: $76,742).
Working 40h/week (full-time) = $138,775/year (purchasing power: $127,903).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$53.88/hr
2025 BLS Actual
$64.65/hr
2026 Current Est.
$66.72/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $53.88/hr | Actual |
| 2020 | $55.22/hr | Actual |
| 2021 | $52.66/hr | Actual |
| 2022 | $56.69/hr | Actual |
| 2023 | $59.68/hr | Actual |
| 2024 | $70.62/hr | Actual |
| 2025 | $64.65/hr | Actual |
| 2026(current) | $66.72/hr | Estimated |
| 2027 | $68.85/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Franklin grew 20.0% from $53.88/hr (2019) to $64.65/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $68.85/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 Franklin 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 Franklin
Shifting focus to part-time work, a 24-hour workweek correlates to an annual income that presents a significant difference compared to full-time peers. Many who choose locum or agency roles in the actuarial field find that such opportunities often favor seasoned professionals, as per-diem work at junior levels remains uncommon. Experienced actuaries holding FSA or FCAS designations can charge clients $250 to $500 per hour for consulting engagements, while expert witness work can command rates from $400 to $800 per hour, making them even more lucrative. Within Franklin, salary variations exist based on the type of employer; life insurance companies and consulting firms tend to offer differing benefits that affect hourly pay. Professionals might decide to accept lower hourly compensation in exchange for comprehensive health benefits, or pursue high-paying opportunities devoid of any benefits. When negotiating hourly rates, actuaries in Franklin should aim for transparent discussions around compensation to find a balance that aligns with their professional goals and personal circumstances.
More salary data for Franklin, MA:
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 Franklin. 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 Franklin 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