Actuary Hourly Pay in Somerville, MA: $70.94 (2026)
Quick Answer:Hourly pay for a actuary working in Somerville, MA runs $70.94 at the median for 2026 — annualizing to $147,549 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Somerville's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $65.38 nationally would. A 24-hour part-time schedule grosses $88,533 per year.
Based on BLS state-level estimates · View source
In Somerville, Massachusetts, actuaries see a median hourly pay of $70.94, which surpasses the national median of $64.50. This competitive rate reflects the demand for skilled professionals in sectors like insurance and consulting, where actuaries frequently engage in specialized tasks such as risk assessment and data analysis. For those seeking part-time opportunities, a schedule of three days a week could yield substantial earnings, particularly when factoring in the hourly range that extends from $43.00 at the entry-level to a high of $109.95 for top-tier earners. Actuaries in the region can typically expect their hourly rates to be estimated from broader annual salary data, illustrating both the potential for lucrative pay and the essential expertise required in various actuarial settings.
About the Somerville 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) | $43.00 | $344.03 |
| Lower Range (P25) | $52.87 | $422.95 |
| Median (P50) | $70.94 | $567.52 |
| Upper Range (P75) | $90.80 | $726.36 |
| Top Earners (P90) | $109.95 | $879.59 |
Estimated Annual Income by Work Schedule in Somerville
Based on $70.94/hr median hourly rate · 2026 est.
At $70.94/hr, a actuary working full-time (40 hr/wk) in Somerville, MA can expect to earn approximately $147,555 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $85,128. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Somerville.
Hourly Rate Calculator
Schedule Comparison in Somerville
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,837.59 | $12,296 | $147,555 |
| Part-Time (24 hrs) | $1,702.55 | $7,378 | $88,533 |
| Per Diem (16 hrs) | $1,135.03 | $4,918 | $59,022 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Somerville) | $70.94 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Somerville, MA earn a median of $147,549 per year (2026 est.), which is 9.98% higher than the national median of $134,160 and 1.40% above the Massachusetts state average of $145,512.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $70.94/hr = $88,533/year (purchasing power: $81,597).
Working 40h/week (full-time) = $147,555/year (purchasing power: $135,995).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$57.29/hr
2025 BLS Actual
$68.74/hr
2026 Current Est.
$70.94/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Somerville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $57.29/hr | Actual |
| 2020 | $58.71/hr | Actual |
| 2021 | $56.00/hr | Actual |
| 2022 | $60.27/hr | Actual |
| 2023 | $63.45/hr | Actual |
| 2024 | $75.08/hr | Actual |
| 2025 | $68.74/hr | Actual |
| 2026(current) | $70.94/hr | Estimated |
| 2027 | $73.21/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Somerville grew 20.0% from $57.29/hr (2019) to $68.74/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $73.21/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 Somerville 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 Somerville
Considering the part-time earning capacity, an actuary working 24 hours a week may take home around $55,442 annually, which can be attractive for those balancing other commitments. While per-diem roles and consulting positions commonly exist, they are usually reserved for more experienced candidates. Actuaries with Fellowship credentials often see per diem rates ranging from $250 to $500 for consulting engagements, whereas expert testimony can command between $400 and $800 per hour. Different employer types in Somerville, such as life insurance firms and consulting giants, can influence hourly pay substantially, with some offering lower rates in exchange for comprehensive benefits packages like health insurance. This trade-off often becomes a topic of negotiation for actuaries, especially in a city where specialized skills like predictive analytics can further leverage their market value. Aspiring candidates are encouraged to research various employers and practice negotiation skills to secure favorable terms and make informed career choices.
More salary data for Somerville, MA:
Frequently Asked Questions
What is the hourly rate for actuaries in Somerville in 2026?
How much do part-time actuaries make in Somerville?
Are actuaries in Somerville paid hourly or salary?
How much does a full-time actuary make per year in Somerville?
Do actuaries earn more per hour working part-time in Somerville?
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 Somerville. 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 Somerville 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