Actuary Hourly Pay in Rahway, NJ: $70.29 (2026)
Quick Answer:Hourly pay for a actuary working in Rahway, NJ runs $70.29 at the median for 2026 — annualizing to $146,203 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Rahway's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $61.02 nationally would. A 24-hour part-time schedule grosses $87,721 per year.
Based on BLS state-level estimates · View source
In 2026, the actuary hourly pay in Rahway, New Jersey is projected to be $70.29, which notably exceeds the national median hourly rate of $64.50. This competitive pay can significantly benefit part-time actuaries working three days a week in various settings, such as insurance companies and consulting firms, where their expertise is invaluable for pricing models and client evaluations. The hourly range for actuaries in Rahway varies from approximately $44.01 at lower percentiles to $108.95 at higher percentiles, thus presenting a clear trajectory for entry-level positions steadily advancing toward senior roles. Such figures illustrate the potential for part-time work, allowing actuaries to balance professional engagements with other life commitments while still enjoying a lucrative hourly wage.
About the Rahway 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) | $44.01 | $352.12 |
| Lower Range (P25) | $53.30 | $426.42 |
| Median (P50) | $70.29 | $562.32 |
| Upper Range (P75) | $89.97 | $719.76 |
| Top Earners (P90) | $108.95 | $871.59 |
Estimated Annual Income by Work Schedule in Rahway
Based on $70.29/hr median hourly rate · 2026 est.
At $70.29/hr, a actuary working full-time (40 hr/wk) in Rahway, NJ can expect to earn approximately $146,202 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $84,347. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Rahway.
Hourly Rate Calculator
Schedule Comparison in Rahway
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,811.58 | $12,184 | $146,202 |
| Part-Time (24 hrs) | $1,686.95 | $7,310 | $87,721 |
| Per Diem (16 hrs) | $1,124.63 | $4,873 | $58,481 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Rahway) | $70.29 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Rahway, NJ earn a median of $146,203 per year (2026 est.), which is 8.98% higher than the national median of $134,160 and 5.40% below the New Jersey state average of $154,549.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $70.29/hr = $87,721/year (purchasing power: $76,147).
Working 40h/week (full-time) = $146,202/year (purchasing power: $126,912).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$56.77/hr
2025 BLS Actual
$68.11/hr
2026 Current Est.
$70.29/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Rahway (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $56.77/hr | Actual |
| 2020 | $58.17/hr | Actual |
| 2021 | $55.48/hr | Actual |
| 2022 | $59.72/hr | Actual |
| 2023 | $62.87/hr | Actual |
| 2024 | $74.40/hr | Actual |
| 2025 | $68.11/hr | Actual |
| 2026(current) | $70.29/hr | Estimated |
| 2027 | $72.54/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Rahway grew 20.0% from $56.77/hr (2019) to $68.11/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $72.54/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 Rahway 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 Rahway
A part-time actuary working 24 hours per week in Rahway would earn around $86,376 annually, which illustrates the substantial earning potential in this field. For those pursuing per diem actuary pay in Rahway, opportunities are generally confined to seasoned professionals holding FSA or FCAS credentials, who can charge rates significantly higher than the median, often billed at $250 to $500 per hour, particularly for consulting engagements. This marks a distinct difference from the more junior positions, where per-diem work is rare. Employer type also influences pay; life insurers and consulting firms tend to provide higher rates compared to other sectors like property and casualty. Furthermore, the trade-off between hourly pay and benefits—such as health insurance—often leads professionals to accept lower hourly wages in exchange for comprehensive benefits. Actuaries should approach negotiation with clarity about their worth and understanding of the broader market dynamics in Rahway to secure compensation that meets their professional and personal needs.
More salary data for Rahway, 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 Rahway. 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 Rahway 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