Actuary Hourly Pay in Randolph, MA: $69.56 (2026)
Quick Answer:Hourly pay for a actuary working in Randolph, MA runs $69.56 at the median for 2026 — annualizing to $144,670 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Randolph's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $64.11 nationally would. A 24-hour part-time schedule grosses $86,807 per year.
Based on BLS state-level estimates · View source
The actuary hourly pay in Randolph, Massachusetts, stands at $69.56, which is notably higher than the national hourly median of $64.50. This robust rate supports various working arrangements, including part-time roles typically involving three days a week. Actuaries in this setting can expect to see significant earnings even with reduced hours, reflecting the high value placed on their expertise in environments like insurance company actuarial pricing departments and consulting firms. The hourly range for actuaries in Randolph extends from $43.48 for entry-level positions to $107.80 for top earners, demonstrating the potential for substantial income based on experience and specialization. These figures, derived from annual salary projections, showcase the lucrative nature of this profession even in a part-time or flexible capacity.
About the Randolph 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) | $43.48 | $347.83 |
| Lower Range (P25) | $52.69 | $421.55 |
| Median (P50) | $69.56 | $556.45 |
| Upper Range (P75) | $89.03 | $712.25 |
| Top Earners (P90) | $107.80 | $862.42 |
Estimated Annual Income by Work Schedule in Randolph
Based on $69.56/hr median hourly rate · 2026 est.
At $69.56/hr, a actuary working full-time (40 hr/wk) in Randolph, MA can expect to earn approximately $144,678 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $83,468. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Randolph.
Hourly Rate Calculator
Schedule Comparison in Randolph
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,782.27 | $12,057 | $144,678 |
| Part-Time (24 hrs) | $1,669.36 | $7,234 | $86,807 |
| Per Diem (16 hrs) | $1,112.91 | $4,823 | $57,871 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Randolph) | $69.56 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Randolph, MA earn a median of $144,670 per year (2026 est.), which is 7.83% higher than the national median of $134,160 and 0.60% below the Massachusetts state average of $145,543.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $69.56/hr = $86,807/year (purchasing power: $80,006).
Working 40h/week (full-time) = $144,678/year (purchasing power: $133,344).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$56.18/hr
2025 BLS Actual
$67.40/hr
2026 Current Est.
$69.56/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Randolph (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $56.18/hr | Actual |
| 2020 | $57.56/hr | Actual |
| 2021 | $54.91/hr | Actual |
| 2022 | $59.10/hr | Actual |
| 2023 | $62.22/hr | Actual |
| 2024 | $73.62/hr | Actual |
| 2025 | $67.40/hr | Actual |
| 2026(current) | $69.56/hr | Estimated |
| 2027 | $71.78/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Randolph grew 20.0% from $56.18/hr (2019) to $67.40/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $71.78/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 Randolph 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 Randolph
When considering the annual take-home for part-time actuaries working 24 hours a week, the income would amount to around $86,553, which represents a well-compensated role compared to standard industry practices. The reality of per-diem work in Randolph is less common among junior-level actuaries, who often transition towards senior consulting engagements, where rates can soar to $250-$500 per hour. For those engaged in expert witness testimony, particularly in the areas of insurance or pension litigation, hourly rates might reach $400-$800. Different employers can offer varying hourly rates; life insurance companies, health insurers, and consulting firms each have their pay structures based on the specific expertise required. While some actuaries may choose slightly lower hourly compensation in exchange for benefits like healthcare insurance, others may prioritize higher pay without such advantages. Negotiating pay as an hourly worker can hinge on demonstrating specialized skill sets or advanced certifications, reflecting the dynamic market for actuaries in Randolph, MA.
More salary data for Randolph, 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 Randolph. 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 Randolph 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