Actuary Hourly Pay in Lakewood, NJ: $73.73 (2026)
Quick Answer:Hourly pay for a actuary working in Lakewood, NJ runs $73.73 at the median for 2026 — annualizing to $153,344 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Lakewood's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $64.00 nationally would. A 24-hour part-time schedule grosses $92,010 per year.
Based on BLS state-level estimates · View source
In 2026, actuaries in Lakewood, New Jersey, are expected to earn a median hourly rate of $73.73, significantly outpacing the national median hourly rate of $64.50. This discrepancy presents ample opportunities for both part-time and per-diem workers within this profession, especially in environments such as insurance company actuarial pricing departments or remote actuarial modeling roles. For instance, working part-time for three days a week could lead to substantial earnings for individuals involved in various projects, with hourly rates ranging from $44.80 for entry-level positions to $114.27 for top earners. These hourly rates are estimates derived from annual salary data, providing a clear perspective on both entry and senior-level earnings across a range of actuarial settings.
About the Lakewood 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) | $44.80 | $358.39 |
| Lower Range (P25) | $55.15 | $441.20 |
| Median (P50) | $73.73 | $589.81 |
| Upper Range (P75) | $94.37 | $754.93 |
| Top Earners (P90) | $114.27 | $914.19 |
Estimated Annual Income by Work Schedule in Lakewood
Based on $73.73/hr median hourly rate · 2026 est.
At $73.73/hr, a actuary working full-time (40 hr/wk) in Lakewood, NJ can expect to earn approximately $153,350 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $88,471. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Lakewood.
Hourly Rate Calculator
Schedule Comparison in Lakewood
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,949.04 | $12,779 | $153,350 |
| Part-Time (24 hrs) | $1,769.43 | $7,668 | $92,010 |
| Per Diem (16 hrs) | $1,179.62 | $5,112 | $61,340 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Lakewood) | $73.73 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Lakewood, NJ earn a median of $153,344 per year (2026 est.), which is 14.30% higher than the national median of $134,160 and 0.80% below the New Jersey state average of $154,580.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $73.73/hr = $92,010/year (purchasing power: $79,870).
Working 40h/week (full-time) = $153,350/year (purchasing power: $133,117).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$59.54/hr
2025 BLS Actual
$71.44/hr
2026 Current Est.
$73.73/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Lakewood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $59.54/hr | Actual |
| 2020 | $61.02/hr | Actual |
| 2021 | $58.20/hr | Actual |
| 2022 | $62.64/hr | Actual |
| 2023 | $65.94/hr | Actual |
| 2024 | $78.03/hr | Actual |
| 2025 | $71.44/hr | Actual |
| 2026(current) | $73.73/hr | Estimated |
| 2027 | $76.09/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Lakewood grew 20.0% from $59.54/hr (2019) to $71.44/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $76.09/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 Lakewood 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 Lakewood
Exploring the earning potential for part-time actuaries reveals interesting trends; if someone were to work a 3-day week totaling 24 hours, they could anticipate a take-home income significantly lower than a full-time counterpart. Per-diem or 1099 actuarial work is typically less common for those starting their careers, yet seasoned professionals, particularly Fellows of the Society of Actuaries (FSA) or Fellows of the Casualty Actuarial Society (FCAS), engaging in consulting work can command rates anywhere from $250 to $500 per hour. Additionally, expert witness testimonies can yield even higher returns, ranging from $400 to $800 per hour. Hourly pay in Lakewood varies across employer types, with life and health insurance companies often offering stability and benefits, while consulting firms may provide higher hourly rates but with less security. Actuaries weighing these options should consider negotiation strategies that reflect the specific demands of their work environment in Lakewood, as well as the overall trade-offs between hourly pay and health benefits.
More salary data for Lakewood, 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 Lakewood. 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 Lakewood 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