Actuary Hourly Pay in Bayonne, NJ: $71.74 (2026)
Quick Answer:Hourly pay for a actuary working in Bayonne, NJ runs $71.74 at the median for 2026 — annualizing to $149,230 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Bayonne's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $62.28 nationally would. A 24-hour part-time schedule grosses $89,537 per year.
Based on BLS state-level estimates · View source
Actuaries in Bayonne, New Jersey, can expect to earn a median hourly rate of $71.74, which positions them favorably compared to the national median of $64.50. This rate reflects the competitive nature of the profession in a city where many actuaries engage with insurance companies, consulting firms, and reinsurance teams. For individuals working part-time, such as those on a three-day workweek, this rate translates into a substantial income, enabling them to balance work with other commitments. With entry-level positions starting at approximately $43.66 per hour and experienced professionals commanding up to $111.21 per hour, the range offers diverse opportunities for actuaries at various career stages.
About the Bayonne Market
Salary estimated from New Jersey average ($142,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $43.66 | $349.31 |
| Lower Range (P25) | $53.59 | $428.73 |
| Median (P50) | $71.74 | $573.96 |
| Upper Range (P75) | $91.84 | $734.70 |
| Top Earners (P90) | $111.21 | $889.67 |
Estimated Annual Income by Work Schedule in Bayonne
Based on $71.74/hr median hourly rate · 2026 est.
At $71.74/hr, a actuary working full-time (40 hr/wk) in Bayonne, NJ can expect to earn approximately $149,229 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $86,094. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Bayonne.
Hourly Rate Calculator
Schedule Comparison in Bayonne
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,869.79 | $12,436 | $149,229 |
| Part-Time (24 hrs) | $1,721.87 | $7,461 | $89,537 |
| Per Diem (16 hrs) | $1,147.91 | $4,974 | $59,692 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Bayonne) | $71.74 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Bayonne, NJ earn a median of $149,230 per year (2026 est.), which is 11.23% higher than the national median of $134,160 and 3.40% below the New Jersey state average of $154,483.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $71.74/hr = $89,537/year (purchasing power: $77,723).
Working 40h/week (full-time) = $149,229/year (purchasing power: $129,539).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$57.94/hr
2025 BLS Actual
$69.52/hr
2026 Current Est.
$71.74/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Bayonne (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $57.94/hr | Actual |
| 2020 | $59.38/hr | Actual |
| 2021 | $56.63/hr | Actual |
| 2022 | $60.96/hr | Actual |
| 2023 | $64.17/hr | Actual |
| 2024 | $75.94/hr | Actual |
| 2025 | $69.52/hr | Actual |
| 2026(current) | $71.74/hr | Estimated |
| 2027 | $74.04/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Bayonne grew 20.0% from $57.94/hr (2019) to $69.52/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $74.04/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 Bayonne 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 Bayonne
For those considering a part-time schedule of 24 hours per week, annual earnings can approach $89,645, providing nearly a full-time income without the typical commitment. Per-diem actuary work, while less common for junior staff, can be lucrative for seasoned professionals, especially those holding Fellowship in the Society of Actuaries or Property and Casualty (CAS) credentials. Billing rates for consultative projects can reach between $250 and $500 per hour, reflecting the increased demand for specialized expertise. In Bayonne, various industry sectors, including life and health insurance as well as pension consulting, affect hourly rates significantly; firms such as Prudential and UnitedHealth tend to offer more stable hourly rates with benefits compared to strictly commission-based or consulting roles. For actuaries negotiating their pay, emphasizing qualifications, ongoing education, and the value they bring can help in securing a more favorable hourly rate within the Bayonne job market.
More salary data for Bayonne, NJ:
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 Bayonne. 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 Bayonne 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