Actuary Hourly Pay in Savage, MN: $61.42 (2026)
Quick Answer:Hourly pay for a actuary working in Savage, MN runs $61.42 at the median for 2026 — annualizing to $127,768 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Savage's regional price level (BEA RPP 98.5, 1% below national), each hour of work buys what $62.36 nationally would. A 24-hour part-time schedule grosses $76,658 per year.
Based on BLS state-level estimates · View source
In Savage, Minnesota, the actuary hourly pay stands at a median rate of $61.42, which is slightly below the national median of $64.50. This rate allows individual professionals in the field to earn a respectable income, especially for those seeking part-time roles, such as working three days a week in settings like insurance company actuarial pricing departments or consulting firm client engagement rooms. The hourly wage range for actuaries in this area spans from approximately $40.71 for entry-level positions to $95.21 for those at the top of their profession. It’s essential to keep in mind that these hourly rates are estimated from annual salary data, emphasizing the potential flexibility for part-time and per-diem workers engaged in various aspects of actuarial work.
About the Savage 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) | $40.71 | $325.70 |
| Lower Range (P25) | $48.19 | $385.56 |
| Median (P50) | $61.42 | $491.40 |
| Upper Range (P75) | $78.63 | $629.02 |
| Top Earners (P90) | $95.21 | $761.70 |
Estimated Annual Income by Work Schedule in Savage
Based on $61.42/hr median hourly rate · 2026 est.
At $61.42/hr, a actuary working full-time (40 hr/wk) in Savage, MN can expect to earn approximately $127,763 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,710. With a cost-of-living index of 98.50 (below the national average), these earnings stretch further in Savage.
Hourly Rate Calculator
Schedule Comparison in Savage
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,456.99 | $10,647 | $127,763 |
| Part-Time (24 hrs) | $1,474.19 | $6,388 | $76,658 |
| Per Diem (16 hrs) | $982.79 | $4,259 | $51,105 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Savage) | $61.42 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Savage, MN earn a median of $127,768 per year (2026 est.), which is 4.76% lower than the national median of $134,160 and 3.30% below the Minnesota state average of $132,128.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $61.42/hr = $76,658/year (purchasing power: $77,825).
Working 40h/week (full-time) = $127,763/year (purchasing power: $129,709).
CoL index: 98.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$49.61/hr
2025 BLS Actual
$59.52/hr
2026 Current Est.
$61.42/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Savage (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.61/hr | Actual |
| 2020 | $50.83/hr | Actual |
| 2021 | $48.49/hr | Actual |
| 2022 | $52.19/hr | Actual |
| 2023 | $54.94/hr | Actual |
| 2024 | $58.61/hr | Actual |
| 2025 | $59.52/hr | Actual |
| 2026(current) | $61.42/hr | Estimated |
| 2027 | $63.39/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Savage grew 20.0% from $49.61/hr (2019) to $59.52/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $63.39/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 Savage 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 Savage
Considering part-time work further, an actuary in Savage working a three-day week at 24 hours would take home around $49,701 annually, compared to full-time earnings, which significantly boost potential compensation. Per-diem and locum actuarial positions might not be as common at junior levels; however, experienced fellows, particularly in consulting environments, can see billing rates ranging from $250 to $500 per hour, and expert witness work can command an even higher rate of $400 to $800 per hour. Working across different employer types—such as life insurance companies like Prudential or health insurers like UnitedHealth—can result in varied compensation strategies. While some actuaries might earn lower hourly rates in exchange for benefits, negotiating skills become paramount in this landscape. Understanding the local market dynamics in Savage, alongside individual skills and credentials, will significantly influence earning potential in hourly pay negotiations.
More salary data for Savage, MN:
Frequently Asked Questions
What is the hourly rate for actuaries in Savage in 2026?
How much do part-time actuaries make in Savage?
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How much does a full-time actuary make per year in Savage?
Do actuaries earn more per hour working part-time in Savage?
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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 Savage. 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 Savage 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