Actuary Hourly Pay in Malden, MA: $70.21 (2026)
Quick Answer:Hourly pay for a actuary working in Malden, MA runs $70.21 at the median for 2026 — annualizing to $146,027 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Malden's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $64.71 nationally would. A 24-hour part-time schedule grosses $87,618 per year.
Based on BLS state-level estimates · View source
In Malden, Massachusetts, actuaries earn a median hourly pay of $70.21, which exceeds the national median of $64.50 by approximately 8.85%. This competitive rate is attractive for part-time professionals, such as those working three days a week, allowing them to balance their schedules while still earning a respectable income. Per-diem actuary roles often cater to specialized projects within insurance companies, consulting firms, and reinsurance teams. The hourly compensation varies significantly, ranging from $41.37 at the entry level to $108.81 for experienced professionals, reflecting the diverse demands and responsibilities of positions available in Malden.
About the Malden 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) | $41.37 | $330.98 |
| Lower Range (P25) | $51.43 | $411.48 |
| Median (P50) | $70.21 | $561.66 |
| Upper Range (P75) | $89.87 | $718.93 |
| Top Earners (P90) | $108.81 | $870.51 |
Estimated Annual Income by Work Schedule in Malden
Based on $70.21/hr median hourly rate · 2026 est.
At $70.21/hr, a actuary working full-time (40 hr/wk) in Malden, MA can expect to earn approximately $146,030 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $84,248. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Malden.
Hourly Rate Calculator
Schedule Comparison in Malden
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,808.28 | $12,169 | $146,030 |
| Part-Time (24 hrs) | $1,684.97 | $7,302 | $87,618 |
| Per Diem (16 hrs) | $1,123.31 | $4,868 | $58,412 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Malden) | $70.21 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Malden, MA earn a median of $146,027 per year (2026 est.), which is 8.85% higher than the national median of $134,160 and 0.30% above the Massachusetts state average of $145,590.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $70.21/hr = $87,618/year (purchasing power: $80,754).
Working 40h/week (full-time) = $146,030/year (purchasing power: $134,590).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$56.70/hr
2025 BLS Actual
$68.03/hr
2026 Current Est.
$70.21/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Malden (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $56.70/hr | Actual |
| 2020 | $58.10/hr | Actual |
| 2021 | $55.42/hr | Actual |
| 2022 | $59.65/hr | Actual |
| 2023 | $62.80/hr | Actual |
| 2024 | $74.31/hr | Actual |
| 2025 | $68.03/hr | Actual |
| 2026(current) | $70.21/hr | Estimated |
| 2027 | $72.45/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Malden grew 20.0% from $56.70/hr (2019) to $68.03/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $72.45/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 Malden 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 Malden
Part-time actuaries working 24 hours a week would take home about $87,153 annually, compared to their full-time colleagues earning significantly more. For those interested in per-diem work, rates can differ widely; while entry-level positions may not offer this flexibility, seasoned actuaries with FSA or FCAS credentials often find opportunities billed at rates between $250 to $500 per hour. Additionally, expert witness roles within insurance or pension litigation can command premium rates, ranging from $400 to $800 per hour. Actuaries in Malden can see variations in hourly pay depending on their employer type—life insurance companies, health insurers, and consulting firms all present unique compensation structures. The trade-off between higher hourly rates without benefits and lower rates that include health insurance could influence job choices. For those negotiating hourly contracts, understanding the market standards and demonstrating value through skills gained in exam progression can significantly impact earning potential.
More salary data for Malden, 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 Malden. 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 Malden 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