Actuary Hourly Pay in Manalapan, NJ: $71.82 (2026)
Quick Answer:Hourly pay for a actuary working in Manalapan, NJ runs $71.82 at the median for 2026 — annualizing to $149,382 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Manalapan's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $62.34 nationally would. A 24-hour part-time schedule grosses $89,627 per year.
Based on BLS state-level estimates · View source
In Manalapan, New Jersey, the median hourly pay for actuaries is projected to reach $71.82 in 2026, notably higher than the national median of $64.50. This elevated rate reflects the unique demands of the local job market, where actuaries typically find themselves engaged in roles at insurance companies, consulting firms, and various financial institutions. For part-time actuaries working three days a week, this hourly pay translates to a substantial income, allowing for flexibility in balancing professional and personal commitments. The hourly range spans from $47.48 for entry-level positions to $111.32 for highly experienced top earners in specialized roles or consulting engagements. These figures are derived from annual salary data, and as such, they serve as a critical indicator of the profession's earning potential in the area.
About the Manalapan 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) | $47.48 | $379.86 |
| Lower Range (P25) | $56.32 | $450.53 |
| Median (P50) | $71.82 | $574.54 |
| Upper Range (P75) | $91.93 | $735.44 |
| Top Earners (P90) | $111.32 | $890.57 |
Estimated Annual Income by Work Schedule in Manalapan
Based on $71.82/hr median hourly rate · 2026 est.
At $71.82/hr, a actuary working full-time (40 hr/wk) in Manalapan, NJ can expect to earn approximately $149,379 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $86,180. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Manalapan.
Hourly Rate Calculator
Schedule Comparison in Manalapan
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,872.68 | $12,448 | $149,379 |
| Part-Time (24 hrs) | $1,723.61 | $7,469 | $89,627 |
| Per Diem (16 hrs) | $1,149.07 | $4,979 | $59,752 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Manalapan) | $71.82 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Manalapan, NJ earn a median of $149,382 per year (2026 est.), which is 11.35% higher than the national median of $134,160 and 3.30% below the New Jersey state average of $154,480.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $71.82/hr = $89,627/year (purchasing power: $77,802).
Working 40h/week (full-time) = $149,379/year (purchasing power: $129,669).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$58.00/hr
2025 BLS Actual
$69.59/hr
2026 Current Est.
$71.82/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Manalapan (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $58.00/hr | Actual |
| 2020 | $59.44/hr | Actual |
| 2021 | $56.69/hr | Actual |
| 2022 | $61.02/hr | Actual |
| 2023 | $64.24/hr | Actual |
| 2024 | $76.02/hr | Actual |
| 2025 | $69.59/hr | Actual |
| 2026(current) | $71.82/hr | Estimated |
| 2027 | $74.12/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Manalapan grew 20.0% from $58.00/hr (2019) to $69.59/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $74.12/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 Manalapan 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 Manalapan
Actuaries considering part-time opportunities in Manalapan may find an impressive annual income even while working just 24 hours a week. For instance, with a median hourly pay of $71.82, part-time workers can earn approximately $56,880 annually, which is competitive compared to full-time peers. Per diem work can present lucrative opportunities, especially for seasoned professionals engaged in consulting roles, where rates can range from $250 to $500 per hour. For those involved in expert witness testimony, the compensation can soar to between $400 and $800 per hour. Different employer types affect pay scales significantly, with life insurance firms often compensating lower compared to consulting firms that demand specific credentials like FSA or FCAS for higher rates. Benefits are a key trade-off; while some may accept lower hourly rates with health benefits, others pursue higher pay without traditional support. Negotiating these differences is vital for actuaries in NJ, especially in a market like Manalapan where specialized skills in predictive analytics or data science can further enhance their hourly earning power.
More salary data for Manalapan, 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 Manalapan. 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 Manalapan 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