Actuary Hourly Pay in Lawrence, MA: $68.25 (2026)
Quick Answer:Hourly pay for a actuary working in Lawrence, MA runs $68.25 at the median for 2026 — annualizing to $141,958 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Lawrence's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $62.90 nationally would. A 24-hour part-time schedule grosses $85,171 per year.
Based on BLS state-level estimates · View source
In Lawrence, Massachusetts, actuaries earn a median hourly rate of $68.25, which surpasses the national median of $64.50. This advantageous position allows part-time workers operating on a three-day workweek to take home significant income while maintaining flexibility in their schedules. Typically engaged in settings such as insurance company pricing departments, consulting firms, and pension plan meetings, actuaries in Lawrence benefit from a range of hourly pay rates, from $42.60 for entry-level positions to $105.79 for the top earners in the field. Given that these hourly estimates are derived from projected annual salary data, they offer a valuable lens through which to assess the earning potential in this growing profession for both full-time and per-diem roles.
About the Lawrence 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) | $42.60 | $340.81 |
| Lower Range (P25) | $51.79 | $414.29 |
| Median (P50) | $68.25 | $545.97 |
| Upper Range (P75) | $87.36 | $698.87 |
| Top Earners (P90) | $105.79 | $846.32 |
Estimated Annual Income by Work Schedule in Lawrence
Based on $68.25/hr median hourly rate · 2026 est.
At $68.25/hr, a actuary working full-time (40 hr/wk) in Lawrence, MA can expect to earn approximately $141,952 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $81,895. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Lawrence.
Hourly Rate Calculator
Schedule Comparison in Lawrence
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,729.85 | $11,829 | $141,952 |
| Part-Time (24 hrs) | $1,637.91 | $7,098 | $85,171 |
| Per Diem (16 hrs) | $1,091.94 | $4,732 | $56,781 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Lawrence) | $68.25 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Lawrence, MA earn a median of $141,958 per year (2026 est.), which is 5.81% higher than the national median of $134,160 and 2.50% below the Massachusetts state average of $145,598.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.25/hr = $85,171/year (purchasing power: $78,499).
Working 40h/week (full-time) = $141,952/year (purchasing power: $130,831).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$55.12/hr
2025 BLS Actual
$66.13/hr
2026 Current Est.
$68.25/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Lawrence (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $55.12/hr | Actual |
| 2020 | $56.48/hr | Actual |
| 2021 | $53.87/hr | Actual |
| 2022 | $57.99/hr | Actual |
| 2023 | $61.04/hr | Actual |
| 2024 | $72.24/hr | Actual |
| 2025 | $66.13/hr | Actual |
| 2026(current) | $68.25/hr | Estimated |
| 2027 | $70.43/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Lawrence grew 20.0% from $55.12/hr (2019) to $66.13/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $70.43/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 Lawrence 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 Lawrence
For those considering part-time positions, working 24 hours a week translates into an annual income that remains competitive, especially when contrasted with full-time salaries. Per-diem opportunities, while less common for junior actuaries, become more attractive for experienced candidates, particularly in specialized consulting roles where billing rates can reach $250 to $500 per hour for FSA or FCAS actuaries. Expert witness roles in litigation confidently demand rates upwards of $400 to $800 per hour. Businesses in Lawrence include major life and health insurers such as Prudential and UnitedHealth, among others, which may offer different hourly rates based on their focus and benefits packages. Actuaries may weigh these factors when deciding between jobs, trading off higher hourly wages against the security of employer-provided benefits. Negotiators should emphasize their credential progressions to leverage their worth effectively, as credentials from the Society of Actuaries or the Casualty Actuarial Society can significantly affect pay scales.
More salary data for Lawrence, MA:
Frequently Asked Questions
What is the hourly rate for actuaries in Lawrence in 2026?
How much do part-time actuaries make in Lawrence?
Are actuaries in Lawrence paid hourly or salary?
How much does a full-time actuary make per year in Lawrence?
Do actuaries earn more per hour working part-time in Lawrence?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Massachusetts
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 Lawrence. 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 Lawrence 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