Actuary Hourly Pay in Piscataway, NJ: $73.89 (2026)
Quick Answer:Hourly pay for a actuary working in Piscataway, NJ runs $73.89 at the median for 2026 — annualizing to $153,686 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Piscataway's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $64.14 nationally would. A 24-hour part-time schedule grosses $92,216 per year.
Based on BLS state-level estimates · View source
Actuaries in Piscataway, New Jersey, enjoy a substantial median hourly rate of $73.89, which significantly surpasses the national average of $64.50. This competitive rate translates to attractive opportunities for both part-time professionals and per-diem workers across various actuarial settings, including insurance companies, consulting firms, and pension plans. For those working three days a week, a part-time actuary can earn a solid income, while per-diem actuaries have the potential to leverage their skills in specific projects or client engagements. The hourly earnings for entry-level positions start at approximately $42.86, while top specialists can earn up to $114.53 per hour, illustrating a wide range of compensation that allows actuaries to negotiate based on their expertise and credentials.
About the Piscataway 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) | $42.86 | $342.87 |
| Lower Range (P25) | $53.34 | $426.75 |
| Median (P50) | $73.89 | $591.13 |
| Upper Range (P75) | $94.57 | $756.58 |
| Top Earners (P90) | $114.53 | $916.25 |
Estimated Annual Income by Work Schedule in Piscataway
Based on $73.89/hr median hourly rate · 2026 est.
At $73.89/hr, a actuary working full-time (40 hr/wk) in Piscataway, NJ can expect to earn approximately $153,694 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $88,669. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Piscataway.
Hourly Rate Calculator
Schedule Comparison in Piscataway
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,955.65 | $12,808 | $153,694 |
| Part-Time (24 hrs) | $1,773.39 | $7,685 | $92,216 |
| Per Diem (16 hrs) | $1,182.26 | $5,123 | $61,477 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Piscataway) | $73.89 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Piscataway, NJ earn a median of $153,686 per year (2026 est.), which is 14.55% higher than the national median of $134,160 and 0.60% below the New Jersey state average of $154,614.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $73.89/hr = $92,216/year (purchasing power: $80,049).
Working 40h/week (full-time) = $153,694/year (purchasing power: $133,415).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$59.68/hr
2025 BLS Actual
$71.60/hr
2026 Current Est.
$73.89/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Piscataway (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $59.68/hr | Actual |
| 2020 | $61.15/hr | Actual |
| 2021 | $58.33/hr | Actual |
| 2022 | $62.78/hr | Actual |
| 2023 | $66.09/hr | Actual |
| 2024 | $78.21/hr | Actual |
| 2025 | $71.60/hr | Actual |
| 2026(current) | $73.89/hr | Estimated |
| 2027 | $76.26/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Piscataway grew 20.0% from $59.68/hr (2019) to $71.60/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $76.26/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 Piscataway 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 Piscataway
Exploring the earning potential of part-time roles reveals that a three-day workweek (24 hours) yields roughly $58,918 annually, which is a steady income compared to full-time positions. For actuaries engaged in per-diem work, particularly those with Fellowship credentials, the engagement rates can elevate to between $250 and $500 per hour for consulting gigs, while expert witness work in litigation can reach premiums of $400 to $800 per hour. Employers in Piscataway vary significantly, from life and health insurance firms like MetLife and UnitedHealth to consulting powerhouses such as Mercer and Aon. Those securing roles within life insurance companies may find slightly lower hourly rates with additional benefits, while consulting firms often offer higher pay but may lack comprehensive benefits. When negotiating hourly rates, actuaries should present not only their exam progressions—each passing exam can add $3,000 to $8,000 to their pay—but also emphasize relevant experience and niche skills in areas like predictive analytics to maximize their earnings in the competitive Piscataway job market.
More salary data for Piscataway, 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 Piscataway. 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 Piscataway 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