Actuary Hourly Pay in Medford, MA: $69.15 (2026)
Quick Answer:Hourly pay for a actuary working in Medford, MA runs $69.15 at the median for 2026 — annualizing to $143,837 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Medford's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $63.74 nationally would. A 24-hour part-time schedule grosses $86,305 per year.
Based on BLS state-level estimates · View source
In Medford, Massachusetts, the actuary hourly rate is projected to be $69.15 in 2026, which is significantly above the national median of $64.50. This competitive pay offers promising opportunities for both full-time actuaries and those considering part-time or per-diem work arrangements. For part-time professionals working three days a week, the ability to earn close to $69.15 per hour allows for substantial annual earnings while maintaining a flexible schedule. Additionally, entry-level actuaries in Medford may start at around $44.53 per hour, while top earners can reach $107.18 per hour. These estimates are derived from annual salary projections and provide a clear overview of the financial landscape for actuaries in the city, encompassing various work environments from insurance companies to consulting firms.
About the Medford 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) | $44.53 | $356.25 |
| Lower Range (P25) | $53.55 | $428.40 |
| Median (P50) | $69.15 | $553.23 |
| Upper Range (P75) | $88.51 | $708.12 |
| Top Earners (P90) | $107.18 | $857.47 |
Estimated Annual Income by Work Schedule in Medford
Based on $69.15/hr median hourly rate · 2026 est.
At $69.15/hr, a actuary working full-time (40 hr/wk) in Medford, MA can expect to earn approximately $143,841 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $82,985. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Medford.
Hourly Rate Calculator
Schedule Comparison in Medford
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,766.17 | $11,987 | $143,841 |
| Part-Time (24 hrs) | $1,659.70 | $7,192 | $86,305 |
| Per Diem (16 hrs) | $1,106.47 | $4,795 | $57,536 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Medford) | $69.15 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Medford, MA earn a median of $143,837 per year (2026 est.), which is 7.21% higher than the national median of $134,160 and 1.20% below the Massachusetts state average of $145,584.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $69.15/hr = $86,305/year (purchasing power: $79,543).
Working 40h/week (full-time) = $143,841/year (purchasing power: $132,572).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$55.85/hr
2025 BLS Actual
$67.01/hr
2026 Current Est.
$69.15/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Medford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $55.85/hr | Actual |
| 2020 | $57.23/hr | Actual |
| 2021 | $54.59/hr | Actual |
| 2022 | $58.76/hr | Actual |
| 2023 | $61.86/hr | Actual |
| 2024 | $73.19/hr | Actual |
| 2025 | $67.01/hr | Actual |
| 2026(current) | $69.15/hr | Estimated |
| 2027 | $71.37/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Medford grew 20.0% from $55.85/hr (2019) to $67.01/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $71.37/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 Medford 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 Medford
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Actuaries in Medford looking at part-time opportunities with a 24-hour work week could expect to take home about $86,208 annually, a significant income compared to many other professions. However, per-diem actuary pay, while less common for those just beginning their careers, can be lucrative for more experienced professionals. Consulting engagements for FSAs or FCAS can bill at rates ranging from $250 to $500 per hour, while expert witness testimony in insurance or pension cases could command between $400 and $800 per hour. Employers vary widely across sectors, with large life insurance companies, managed care providers, and consulting firms each presenting different hourly pay structures. For instance, actuaries may accept lower hourly pay in exchange for benefits when working for health insurance companies. Negotiation strategies should focus on clarifying value added through experience, exam progression, and additional skills in predictive analytics, crucial to the current job market in Medford.
More salary data for Medford, 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 Medford. 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 Medford 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