Actuary Hourly Pay in Elizabeth, NJ: $74.99 (2026)
Quick Answer:Hourly pay for a actuary working in Elizabeth, NJ runs $74.99 at the median for 2026 — annualizing to $155,967 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Elizabeth's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $65.09 nationally would. A 24-hour part-time schedule grosses $93,581 per year.
Based on BLS state-level estimates · View source
An actuary in Elizabeth, NJ, enjoys a median hourly pay of $74.99, significantly higher than the national average of $64.50. This robust hourly rate opens up various opportunities for part-time professionals working in fields such as insurance company actuarial pricing departments, consultancy engagements, and remote actuarial modeling. For actuaries working three days per week, this translates to a compelling earning potential that supports a flexible work-life balance. The hourly compensation ranges from approximately $47.23 at the entry-level (P10) to $116.22 for seasoned experts (P90), reflecting the significant demand for actuarial talent in Elizabeth's job market.
About the Elizabeth 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) | $47.23 | $377.88 |
| Lower Range (P25) | $57.59 | $460.68 |
| Median (P50) | $74.99 | $599.88 |
| Upper Range (P75) | $95.98 | $767.81 |
| Top Earners (P90) | $116.22 | $929.79 |
Estimated Annual Income by Work Schedule in Elizabeth
Based on $74.99/hr median hourly rate · 2026 est.
At $74.99/hr, a actuary working full-time (40 hr/wk) in Elizabeth, NJ can expect to earn approximately $155,969 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $89,982. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Elizabeth.
Hourly Rate Calculator
Schedule Comparison in Elizabeth
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,999.40 | $12,997 | $155,969 |
| Part-Time (24 hrs) | $1,799.64 | $7,798 | $93,581 |
| Per Diem (16 hrs) | $1,199.76 | $5,199 | $62,388 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Elizabeth) | $74.99 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Elizabeth, NJ earn a median of $155,967 per year (2026 est.), which is 16.25% higher than the national median of $134,160 and 0.90% above the New Jersey state average of $154,576.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $74.99/hr = $93,581/year (purchasing power: $81,234).
Working 40h/week (full-time) = $155,969/year (purchasing power: $135,390).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$60.56/hr
2025 BLS Actual
$72.66/hr
2026 Current Est.
$74.99/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Elizabeth (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $60.56/hr | Actual |
| 2020 | $62.06/hr | Actual |
| 2021 | $59.19/hr | Actual |
| 2022 | $63.71/hr | Actual |
| 2023 | $67.07/hr | Actual |
| 2024 | $79.37/hr | Actual |
| 2025 | $72.66/hr | Actual |
| 2026(current) | $74.99/hr | Estimated |
| 2027 | $77.38/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Elizabeth grew 20.0% from $60.56/hr (2019) to $72.66/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $77.38/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 Elizabeth 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 Elizabeth
For those considering part-time opportunities, an actuary working a 24-hour week at the median hourly rate could potentially take home around $93,998 annually, a solid earnings figure compared to full-time peers. While traditional per-diem or agency work is less common for early-career actuaries, seasoned fellows—such as those with FSA or FCAS designations—can command rates ranging from $250 to $500 per hour for consulting engagements, not to mention expert witness testimonies that can yield between $400 and $800 per hour. These figures can vary widely based on employer types, from life insurance giants like Prudential and MetLife to consulting firms like Mercer and Aon. Actuaries in Elizabeth often weigh the trade-offs of accepting lower hourly pay for benefits like health insurance against higher rates without such perks. Those negotiating hourly contracts should emphasize not only their qualifications but also current market trends to secure competitive compensation.
More salary data for Elizabeth, 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 Elizabeth. 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 Elizabeth 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