Actuary Hourly Pay in Apple Valley, MN: $61.60 (2026)
Quick Answer:Hourly pay for a actuary working in Apple Valley, MN runs $61.60 at the median for 2026 — annualizing to $128,121 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Apple Valley's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $62.54 nationally would. A 24-hour part-time schedule grosses $76,877 per year.
Based on BLS state-level estimates · View source
In Apple Valley, Minnesota, actuaries earn a median hourly rate of $61.60, which is slightly below the national median of $64.50. This pay structure provides a stable foundation for both full-time and part-time workers in the actuarial field. For those considering part-time work, earning this rate three days a week could yield a respectable income, especially in environments like insurance company actuarial pricing departments or reinsurance pricing teams. The hourly range spans from $37.87 at entry-level positions to $95.47 for the top earners, suggesting a wide variance based on experience and expertise. These figures derive from annual salary data but translate effectively into the hourly context that many professionals prefer, particularly in contract roles or consulting.
About the Apple Valley Market
Salary estimated from Minnesota average ($128,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $37.87 | $303.00 |
| Lower Range (P25) | $46.31 | $370.45 |
| Median (P50) | $61.60 | $492.80 |
| Upper Range (P75) | $78.84 | $630.76 |
| Top Earners (P90) | $95.47 | $763.76 |
Estimated Annual Income by Work Schedule in Apple Valley
Based on $61.60/hr median hourly rate · 2026 est.
At $61.60/hr, a actuary working full-time (40 hr/wk) in Apple Valley, MN can expect to earn approximately $128,128 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,920. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Apple Valley.
Hourly Rate Calculator
Schedule Comparison in Apple Valley
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,464.00 | $10,677 | $128,128 |
| Part-Time (24 hrs) | $1,478.40 | $6,406 | $76,877 |
| Per Diem (16 hrs) | $985.60 | $4,271 | $51,251 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Apple Valley) | $61.60 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Apple Valley, MN earn a median of $128,121 per year (2026 est.), which is 4.50% lower than the national median of $134,160 and 3.00% below the Minnesota state average of $132,083.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $61.60/hr = $76,877/year (purchasing power: $78,048).
Working 40h/week (full-time) = $128,128/year (purchasing power: $130,079).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$49.75/hr
2025 BLS Actual
$59.69/hr
2026 Current Est.
$61.60/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Apple Valley (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.75/hr | Actual |
| 2020 | $50.98/hr | Actual |
| 2021 | $48.62/hr | Actual |
| 2022 | $52.34/hr | Actual |
| 2023 | $55.10/hr | Actual |
| 2024 | $58.77/hr | Actual |
| 2025 | $59.69/hr | Actual |
| 2026(current) | $61.60/hr | Estimated |
| 2027 | $63.57/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Apple Valley grew 20.0% from $49.75/hr (2019) to $59.69/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $63.57/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 Apple Valley 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 Apple Valley
When evaluating the earning potential of part-time actuaries in Apple Valley, a professional working 24 hours a week could earn significantly less than their full-time counterparts, even with the same hourly rate. Per-diem work, while less common for entry-level actuaries, takes on new dimensions for those with FSA or FCAS designations, where consulting engagements can command between $250 and $500 per hour. Additionally, positions in areas like expert witness testimony may yield even higher compensation, ranging from $400 to $800 per hour. Actuarial roles across employer types present different hourly rates; while life insurance companies may offer steady pay with benefits, consulting firms often provide higher hourly rates at the cost of health coverage. Those negotiating hourly rates in Apple Valley may benefit from emphasizing their exam progress and predictive analytics skills, as these increasingly desirable competencies can contribute to better compensation packages.
More salary data for Apple Valley, MN:
Frequently Asked Questions
What is the hourly rate for actuaries in Apple Valley in 2026?
How much do part-time actuaries make in Apple Valley?
Are actuaries in Apple Valley paid hourly or salary?
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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 Apple Valley. 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 Apple Valley 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