Actuary Hourly Pay in Bridgewater, NJ: $73.17 (2026)
Quick Answer:Hourly pay for a actuary working in Bridgewater, NJ runs $73.17 at the median for 2026 — annualizing to $152,200 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Bridgewater's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $63.51 nationally would. A 24-hour part-time schedule grosses $91,315 per year.
Based on BLS state-level estimates · View source
In Bridgewater, New Jersey, actuaries command a median hourly pay of $73.17, significantly above the national average of $64.50. This premium hourly rate is indicative of the high demand for actuaries in the region, particularly within sectors such as insurance and consulting. For part-time actuaries working three days a week, this translates into substantial earnings, providing flexibility without sacrificing financial stability. Per-diem opportunities are less common for junior professionals, but for seasoned actuaries engaged in consulting or specialized projects, hourly rates can range dramatically, from entry-level positions starting around $44.38 to top-tier consultants earning up to $113.42. The hourly figures presented are estimates based on annual salary data, reflecting the competitive landscape for actuarial roles within Bridgewater.
About the Bridgewater 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) | $44.38 | $355.01 |
| Lower Range (P25) | $54.60 | $436.82 |
| Median (P50) | $73.17 | $585.35 |
| Upper Range (P75) | $93.07 | $744.53 |
| Top Earners (P90) | $113.42 | $907.33 |
Estimated Annual Income by Work Schedule in Bridgewater
Based on $73.17/hr median hourly rate · 2026 est.
At $73.17/hr, a actuary working full-time (40 hr/wk) in Bridgewater, NJ can expect to earn approximately $152,191 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $87,803. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Bridgewater.
Hourly Rate Calculator
Schedule Comparison in Bridgewater
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,926.75 | $12,683 | $152,191 |
| Part-Time (24 hrs) | $1,756.05 | $7,610 | $91,315 |
| Per Diem (16 hrs) | $1,170.70 | $5,073 | $60,876 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Bridgewater) | $73.17 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Bridgewater, NJ earn a median of $152,200 per year (2026 est.), which is 13.45% higher than the national median of $134,160 and 1.50% below the New Jersey state average of $154,518.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $73.17/hr = $91,315/year (purchasing power: $79,266).
Working 40h/week (full-time) = $152,191/year (purchasing power: $132,110).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$59.09/hr
2025 BLS Actual
$70.90/hr
2026 Current Est.
$73.17/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Bridgewater (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $59.09/hr | Actual |
| 2020 | $60.55/hr | Actual |
| 2021 | $57.76/hr | Actual |
| 2022 | $62.17/hr | Actual |
| 2023 | $65.45/hr | Actual |
| 2024 | $77.45/hr | Actual |
| 2025 | $70.90/hr | Actual |
| 2026(current) | $73.17/hr | Estimated |
| 2027 | $75.51/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Bridgewater grew 20.0% from $59.09/hr (2019) to $70.90/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $75.51/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 Bridgewater 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 Bridgewater
Focusing on part-time and per-diem earnings reveals a unique picture of the actuarial profession in NJ. If an actuary works part-time at 24 hours weekly, they could potentially bring home around $91,138 annually, compared to the full-time median that exceeds $150,000. This stark contrast highlights the viability of flexible work arrangements in this field. Although per-diem actuarial work generally requires advanced credentials and experience, when consultants with Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) status engage in expert witness testimony or strategic consulting, rates can escalate to $250-$800 per hour. Actuaries in Bridgewater find varied hourly rates depending on their employer type; life insurance firms, health insurance companies, and consulting agencies each present distinct compensation structures. While some may accept lower hourly rates for the benefits of health insurance, others prioritize higher pay when contracting out. Effective negotiation strategies are vital for hourly actuaries; emphasizing experience, specialization, and the increasing reliance on predictive analytics can lead to more favorable agreements in Bridgewater's competitive job market.
More salary data for Bridgewater, 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 Bridgewater. 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 Bridgewater 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