Actuary Hourly Pay in Rochester, MN: $63.95 (2026)
Quick Answer:Hourly pay for a actuary working in Rochester, MN runs $63.95 at the median for 2026 — annualizing to $133,026 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Rochester's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $64.93 nationally would. A 24-hour part-time schedule grosses $79,813 per year.
Based on BLS state-level estimates · View source
In Rochester, MN, actuaries are projected to earn a median hourly rate of $63.95 in 2026, which is slightly below the national median of $64.50. For those engaged in part-time roles, such as working three days a week, this rate translates into a lucrative income, especially in settings like insurance companies, consulting firms, or remote actuarial modeling. Entry-level positions can expect hourly pay starting at around $40.30, while top earners in the profession can command as much as $99.13 per hour. Keep in mind that these hourly figures are derived from annual salary estimates, providing a flexible structure for actuaries in various employment scenarios, including part-time and per-diem work.
About the Rochester 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) | $40.30 | $322.40 |
| Lower Range (P25) | $48.93 | $391.42 |
| Median (P50) | $63.95 | $511.62 |
| Upper Range (P75) | $81.86 | $654.87 |
| Top Earners (P90) | $99.13 | $793.07 |
Estimated Annual Income by Work Schedule in Rochester
Based on $63.95/hr median hourly rate · 2026 est.
At $63.95/hr, a actuary working full-time (40 hr/wk) in Rochester, MN can expect to earn approximately $133,022 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $76,744. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Rochester.
Hourly Rate Calculator
Schedule Comparison in Rochester
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,558.12 | $11,085 | $133,022 |
| Part-Time (24 hrs) | $1,534.87 | $6,651 | $79,813 |
| Per Diem (16 hrs) | $1,023.25 | $4,434 | $53,209 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Rochester) | $63.95 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Rochester, MN earn a median of $133,026 per year (2026 est.), which is 0.85% lower than the national median of $134,160 and 0.70% above the Minnesota state average of $132,101.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $63.95/hr = $79,813/year (purchasing power: $81,029).
Working 40h/week (full-time) = $133,022/year (purchasing power: $135,048).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$51.65/hr
2025 BLS Actual
$61.97/hr
2026 Current Est.
$63.95/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Rochester (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $51.65/hr | Actual |
| 2020 | $52.93/hr | Actual |
| 2021 | $50.48/hr | Actual |
| 2022 | $54.34/hr | Actual |
| 2023 | $57.20/hr | Actual |
| 2024 | $61.02/hr | Actual |
| 2025 | $61.97/hr | Actual |
| 2026(current) | $63.95/hr | Estimated |
| 2027 | $66.00/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Rochester grew 20.0% from $51.65/hr (2019) to $61.97/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $66.00/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 Rochester 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 Rochester
Many actuaries in Rochester may opt for part-time positions, earning a respectable income while balancing their professional and personal lives. A 24-hour workweek could yield an annual income around $79,830 when calculated with the hourly rate of $63.95, a figure that reflects a solid earning potential compared to a full-time salary scenario. While per-diem work or 1099 arrangements are less common for entry-level actuaries, seasoned professionals such as FSAs or FCAS with consulting roles can invoice clients at rates ranging from $250 to $500 per hour. Specialized roles, like expert witness testimony in insurance or pension litigation, may command between $400 to $800 per hour, emphasizing the disparity in earnings depending on experience and specialization. In Rochester, hourly pay can vary significantly based on the employer; life insurance firms like Prudential or health insurance companies such as UnitedHealth tend to offer competitive rates, though actuaries may accept lower wages in exchange for employee benefits, particularly health insurance. Negotiating appropriately is key; understanding the local market and articulating your value can enhance compensation while navigating the conversations surrounding pay.
More salary data for Rochester, MN:
Frequently Asked Questions
What is the hourly rate for actuaries in Rochester in 2026?
How much do part-time actuaries make in Rochester?
Are actuaries in Rochester paid hourly or salary?
How much does a full-time actuary make per year in Rochester?
Do actuaries earn more per hour working part-time in Rochester?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Minnesota
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 Rochester. 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 Rochester 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