Actuary Hourly Pay in Duluth, MN: $64.08 (2026)
Quick Answer:Hourly pay for a actuary working in Duluth, MN runs $64.08 at the median for 2026 — annualizing to $133,270 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Duluth's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $65.05 nationally would. A 24-hour part-time schedule grosses $79,968 per year.
Based on BLS state-level estimates · View source
In Duluth, Minnesota, actuaries can expect to earn a median hourly rate of $64.08, which is slightly below the national median of $64.50. This figure reveals that despite a generally favorable pay scale, local financial factors and employer types contribute to slight variations in compensation. For part-time actuaries working three days a week, averaging around 24 hours, this rate can translate into a solid income stream, particularly in typical actuarial environments like insurance firms or consulting offices. Entry-level positions start at approximately $37.16 per hour, while top earners in the field can command as much as $99.31 per hour, showcasing a robust range for professionals at differing stages of their careers.
About the Duluth 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) | $37.16 | $297.30 |
| Lower Range (P25) | $49.79 | $398.35 |
| Median (P50) | $64.08 | $512.62 |
| Upper Range (P75) | $82.01 | $656.10 |
| Top Earners (P90) | $99.31 | $794.47 |
Estimated Annual Income by Work Schedule in Duluth
Based on $64.08/hr median hourly rate · 2026 est.
At $64.08/hr, a actuary working full-time (40 hr/wk) in Duluth, MN can expect to earn approximately $133,280 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $76,892. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Duluth.
Hourly Rate Calculator
Schedule Comparison in Duluth
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,563.08 | $11,107 | $133,280 |
| Part-Time (24 hrs) | $1,537.85 | $6,664 | $79,968 |
| Per Diem (16 hrs) | $1,025.23 | $4,443 | $53,312 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Duluth) | $64.08 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Duluth, MN earn a median of $133,270 per year (2026 est.), which is 0.66% lower than the national median of $134,160 and 0.80% above the Minnesota state average of $132,213.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $64.08/hr = $79,968/year (purchasing power: $81,186).
Working 40h/week (full-time) = $133,280/year (purchasing power: $135,310).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$51.75/hr
2025 BLS Actual
$62.09/hr
2026 Current Est.
$64.08/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Duluth (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $51.75/hr | Actual |
| 2020 | $53.03/hr | Actual |
| 2021 | $50.58/hr | Actual |
| 2022 | $54.44/hr | Actual |
| 2023 | $57.31/hr | Actual |
| 2024 | $61.13/hr | Actual |
| 2025 | $62.09/hr | Actual |
| 2026(current) | $64.08/hr | Estimated |
| 2027 | $66.13/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Duluth grew 20.0% from $51.75/hr (2019) to $62.09/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $66.13/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 Duluth 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 Duluth
For those considering part-time or per-diem actuary work in Duluth, the earning potential becomes compelling. A three-day workweek at 24 hours could yield an annual income around $79,225, which is still significant compared to full-time wages but with a more manageable schedule. The freelance scenario is less common among entry-level actuaries; however, those with credentials such as Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) can see their rates soar for consulting projects, often billing between $250 and $500 per hour. High-stakes work like expert witness testimony in insurance or pension litigation can command even more, between $400 and $800 per hour. Actuary hourly pay in Duluth may vary based on employer type, with life insurance and consulting firms generally offering more substantial pay, often accompanied by benefits, while property and casualty insurers may present more limited financial incentives. Negotiating for hourly work can be advantageous; actuaries knowledgeable about the market and their worth, given the higher costs associated with healthcare benefits, can successfully leverage their skills to negotiate better terms.
More salary data for Duluth, MN:
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 Duluth. 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 Duluth 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