Actuary Hourly Pay in Ridgeland, MS: $53.08 (2026)
Quick Answer:Hourly pay for a actuary working in Ridgeland, MS runs $53.08 at the median for 2026 — annualizing to $110,390 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Ridgeland's regional price level (BEA RPP 85.7, 14% below national), each hour of work buys what $61.93 nationally would. A 24-hour part-time schedule grosses $66,239 per year.
Based on BLS state-level estimates · View source
In Ridgeland, Mississippi, the projected median hourly rate for actuaries in 2026 is $53.08, which reflects a notable contrast with the national median of $64.50 per hour. This difference suggests that actuaries in the area earn slightly less than their counterparts elsewhere in the U.S. For part-time actuaries working three days a week, this hourly rate can be attractive, translating to a consistent income while balancing other commitments such as study or family responsibilities. The hourly wage ranges from $33.94 at the lower end (P10) to $80.89 for top earners (P90), showing considerable potential for both entry-level and experienced professionals in various environments, including insurance companies, consulting agencies, and even remote actuarial modeling roles.
About the Ridgeland Market
Salary estimated from Mississippi average ($95,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $33.94 | $271.54 |
| Lower Range (P25) | $42.72 | $341.80 |
| Median (P50) | $53.08 | $424.61 |
| Upper Range (P75) | $66.86 | $534.91 |
| Top Earners (P90) | $80.89 | $647.11 |
Estimated Annual Income by Work Schedule in Ridgeland
Based on $53.08/hr median hourly rate · 2026 est.
At $53.08/hr, a actuary working full-time (40 hr/wk) in Ridgeland, MS can expect to earn approximately $110,398 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $63,691. With a cost-of-living index of 85.70 (below the national average), these earnings stretch further in Ridgeland.
Hourly Rate Calculator
Schedule Comparison in Ridgeland
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,123.03 | $9,200 | $110,398 |
| Part-Time (24 hrs) | $1,273.82 | $5,520 | $66,239 |
| Per Diem (16 hrs) | $849.21 | $3,680 | $44,159 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Ridgeland) | $53.08 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Ridgeland, MS earn a median of $110,390 per year (2026 est.), which is 17.72% lower than the national median of $134,160 and 4.00% below the Mississippi state average of $114,990.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $53.08/hr = $66,239/year (purchasing power: $77,291).
Working 40h/week (full-time) = $110,398/year (purchasing power: $128,819).
CoL index: 85.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$42.86/hr
2025 BLS Actual
$51.43/hr
2026 Current Est.
$53.08/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Ridgeland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $42.86/hr | Actual |
| 2020 | $43.93/hr | Actual |
| 2021 | $41.90/hr | Actual |
| 2022 | $45.10/hr | Actual |
| 2023 | $47.47/hr | Actual |
| 2024 | $37.58/hr | Actual |
| 2025 | $51.43/hr | Actual |
| 2026(current) | $53.08/hr | Estimated |
| 2027 | $54.77/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Ridgeland grew 20.0% from $42.86/hr (2019) to $51.43/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $54.77/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 Ridgeland 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 Ridgeland
Considering the part-time work perspective, an actuary working 24 hours a week at the $53.08 hourly rate could take home approximately $66,012 annually, a respectable income that allows for flexibility compared to a full-time position. The per diem actuary pay in Ridgeland offers diverse opportunities, although junior actuaries typically don’t work in 1099 roles; more experienced FSA and FCAS holders can command impressive hourly rates of $250-$500 when engaged in consulting projects or expert witness testimony, which can reach up to $800. In Ridgeland, actuaries tend to find greater earning potential in life insurance firms like Prudential or health insurance companies such as UnitedHealth. Nevertheless, many professionals trade off higher hourly wages for positions that provide benefits, a decision often based on individual circumstances. Actuaries considering these options should prepare to negotiate effectively based on their credentials and specializations to maximize their hourly compensation in the local market.
More salary data for Ridgeland, MS:
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 Ridgeland. 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 Ridgeland 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