Actuary Hourly Pay in Norfolk, NE: $54.96 (2026)
Quick Answer:Hourly pay for a actuary working in Norfolk, NE runs $54.96 at the median for 2026 — annualizing to $114,325 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Norfolk's regional price level (BEA RPP 91.5, 8% below national), each hour of work buys what $60.07 nationally would. A 24-hour part-time schedule grosses $68,595 per year.
Based on BLS state-level estimates · View source
Actuaries in Norfolk, NE, can expect a median hourly pay of $54.96 in 2026, which reflects a competitive wage in the regional job market but falls below the national median of $64.50. This pay translates into meaningful compensation for those who may work part-time, such as over three days a week. For actuaries working just 24 hours weekly, they can still secure a solid income while enjoying flexibility. Entry-level positions may start at approximately $36.79 per hour, while seasoned professionals, particularly in specialized roles or consulting, can earn up to $85.19 per hour, making the profession attractive for various working arrangements in settings such as insurance companies and pension consulting.
About the Norfolk Market
Salary estimated from Nebraska average ($118,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $36.79 | $294.33 |
| Lower Range (P25) | $43.40 | $347.16 |
| Median (P50) | $54.96 | $439.71 |
| Upper Range (P75) | $70.35 | $562.81 |
| Top Earners (P90) | $85.19 | $681.53 |
Estimated Annual Income by Work Schedule in Norfolk
Based on $54.96/hr median hourly rate · 2026 est.
At $54.96/hr, a actuary working full-time (40 hr/wk) in Norfolk, NE can expect to earn approximately $114,326 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $65,957. With a cost-of-living index of 91.50 (below the national average), these earnings stretch further in Norfolk.
Hourly Rate Calculator
Schedule Comparison in Norfolk
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,198.57 | $9,527 | $114,326 |
| Part-Time (24 hrs) | $1,319.14 | $5,716 | $68,595 |
| Per Diem (16 hrs) | $879.43 | $3,811 | $45,730 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Norfolk) | $54.96 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Norfolk, NE earn a median of $114,325 per year (2026 est.), which is 14.78% lower than the national median of $134,160 and 6.90% below the Nebraska state average of $122,798.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $54.96/hr = $68,595/year (purchasing power: $74,968).
Working 40h/week (full-time) = $114,326/year (purchasing power: $124,946).
CoL index: 91.5 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$44.39/hr
2025 BLS Actual
$53.26/hr
2026 Current Est.
$54.96/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Norfolk (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $44.39/hr | Actual |
| 2020 | $45.49/hr | Actual |
| 2021 | $43.39/hr | Actual |
| 2022 | $46.70/hr | Actual |
| 2023 | $49.16/hr | Actual |
| 2024 | $48.34/hr | Actual |
| 2025 | $53.26/hr | Actual |
| 2026(current) | $54.96/hr | Estimated |
| 2027 | $56.72/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Norfolk grew 20.0% from $44.39/hr (2019) to $53.26/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $56.72/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 Norfolk 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 Norfolk
Considering part-time work, a 24-hour work week for an actuary could yield an annual income of around $42,768, which is a significant trade-off for those seeking flexibility over full-time commitments. On the consulting side, hourly earnings for per-diem or locum actuaries may vary widely; while less experienced professionals might earn a lower rate, FSAs and FCAS can command between $250 to $500 per hour for high-level consulting, and expert witness testimony can lead to substantial payouts between $400 and $800 per hour. Employers range from life insurers like Prudential and MetLife to consulting firms such as Mercer and Aon, each contributing to a varied pay scale that reflects the company's resources and benefits offered. Consequently, some actuaries may opt for lower hourly rates at firms providing comprehensive health insurance, recognizing that certain benefits come at the cost of higher pay rates elsewhere. In Norfolk, actuaries negotiating hourly contracts should emphasize their specific skill sets and industry demand trends to secure desirable terms.
More salary data for Norfolk, NE:
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 Norfolk. 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 Norfolk 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