Actuary Hourly Pay in Clifton, NJ: $72.93 (2026)
Quick Answer:Hourly pay for a actuary working in Clifton, NJ runs $72.93 at the median for 2026 — annualizing to $151,691 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Clifton's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $63.31 nationally would. A 24-hour part-time schedule grosses $91,018 per year.
Based on BLS state-level estimates · View source
In Clifton, New Jersey, the actuary hourly pay stands at a noteworthy $72.93, comfortably above the national median of $64.50. This rate significantly enhances the appeal for part-time actuaries working three days a week, allowing them to balance their professional and personal lives while earning a competitive hourly wage. For those engaged in per diem work within actuarial pricing departments, consulting engagements, or hybrid modeling assignments, the hourly rate presents lucrative opportunities. Entry-level positions typically start at around $46.25, while top earners can achieve rates up to $113.03 based on their expertise and the complexity of their work. These estimates reflect the annual salary data analyzed for 2026, signaling robust compensation opportunities in Clifton for actuaries across various settings.
About the Clifton 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) | $46.25 | $370.03 |
| Lower Range (P25) | $55.88 | $447.06 |
| Median (P50) | $72.93 | $583.45 |
| Upper Range (P75) | $93.34 | $746.76 |
| Top Earners (P90) | $113.03 | $904.28 |
Estimated Annual Income by Work Schedule in Clifton
Based on $72.93/hr median hourly rate · 2026 est.
At $72.93/hr, a actuary working full-time (40 hr/wk) in Clifton, NJ can expect to earn approximately $151,697 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $87,518. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Clifton.
Hourly Rate Calculator
Schedule Comparison in Clifton
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,917.26 | $12,641 | $151,697 |
| Part-Time (24 hrs) | $1,750.35 | $7,585 | $91,018 |
| Per Diem (16 hrs) | $1,166.90 | $5,057 | $60,679 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Clifton) | $72.93 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Clifton, NJ earn a median of $151,691 per year (2026 est.), which is 13.07% higher than the national median of $134,160 and 1.90% below the New Jersey state average of $154,629.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $72.93/hr = $91,018/year (purchasing power: $79,009).
Working 40h/week (full-time) = $151,697/year (purchasing power: $131,682).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$58.90/hr
2025 BLS Actual
$70.67/hr
2026 Current Est.
$72.93/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Clifton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $58.90/hr | Actual |
| 2020 | $60.36/hr | Actual |
| 2021 | $57.57/hr | Actual |
| 2022 | $61.97/hr | Actual |
| 2023 | $65.23/hr | Actual |
| 2024 | $77.19/hr | Actual |
| 2025 | $70.67/hr | Actual |
| 2026(current) | $72.93/hr | Estimated |
| 2027 | $75.27/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Clifton grew 20.0% from $58.90/hr (2019) to $70.67/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $75.27/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 Clifton 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 Clifton
Exploring the earning potential for part-time actuaries reveals that working 24 hours a week would yield approximately $113,000 annually, a substantial income compared to many professions. However, per diem or contract work is less common for those early in their careers; seasoned professionals with Fellowship (FSA or FCAS) credentials often engage in consulting, billing rates ranging from $250 to $500 per hour. Moreover, expert witness roles in litigation may command up to $800 per hour, illustrating how hourly rates can differ widely across roles. In Clifton, the variance in hourly pay also reflects the nature of different employers, including life insurance firms, health insurance companies, and consulting organizations, each with unique compensation structures. Though some actuaries may opt for lower hourly rates in exchange for benefits such as health insurance, high hourly pay attracts those who prioritize income over company-provided perks. For those seeking to negotiate hourly rates effectively, emphasizing specialized skills, certifications from the Society of Actuaries, or the Casualty Actuarial Society can help secure better offers.
More salary data for Clifton, 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 Clifton. 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 Clifton 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