Actuary Hourly Pay in Woodbridge, NJ: $75.31 (2026)
Quick Answer:Hourly pay for a actuary working in Woodbridge, NJ runs $75.31 at the median for 2026 — annualizing to $156,641 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Woodbridge's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $65.37 nationally would. A 24-hour part-time schedule grosses $93,981 per year.
Based on BLS state-level estimates · View source
In Woodbridge, NJ, the actuary hourly rate reaches $75.31, significantly exceeding the national hourly median of $64.50. This advantageous pay scale reflects the robust demand for skilled professionals in the actuarial sector, which often includes roles in insurance companies, consulting firms, and pension plans. For part-time actuaries working three days a week, or those pursuing per diem opportunities, this hourly rate can translate into an attractive income, allowing for a flexible work schedule. Entry-level positions can expect compensation starting at around $43.67, while top earners can earn upwards of $116.73 per hour, illustrating a substantial range that reflects both experience and expertise. These hourly rates are derived from annual salary estimates and highlight the dynamic environment for actuarial work in Woodbridge.
About the Woodbridge 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) | $43.67 | $349.39 |
| Lower Range (P25) | $58.23 | $465.80 |
| Median (P50) | $75.31 | $602.44 |
| Upper Range (P75) | $96.40 | $771.19 |
| Top Earners (P90) | $116.73 | $933.84 |
Estimated Annual Income by Work Schedule in Woodbridge
Based on $75.31/hr median hourly rate · 2026 est.
At $75.31/hr, a actuary working full-time (40 hr/wk) in Woodbridge, NJ can expect to earn approximately $156,634 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $90,366. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Woodbridge.
Hourly Rate Calculator
Schedule Comparison in Woodbridge
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $3,012.20 | $13,053 | $156,634 |
| Part-Time (24 hrs) | $1,807.32 | $7,832 | $93,981 |
| Per Diem (16 hrs) | $1,204.88 | $5,221 | $62,654 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Woodbridge) | $75.31 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Woodbridge, NJ earn a median of $156,641 per year (2026 est.), which is 16.76% higher than the national median of $134,160 and 1.40% above the New Jersey state average of $154,478.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $75.31/hr = $93,981/year (purchasing power: $81,580).
Working 40h/week (full-time) = $156,634/year (purchasing power: $135,967).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$60.82/hr
2025 BLS Actual
$72.97/hr
2026 Current Est.
$75.31/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Woodbridge (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $60.82/hr | Actual |
| 2020 | $62.32/hr | Actual |
| 2021 | $59.44/hr | Actual |
| 2022 | $63.98/hr | Actual |
| 2023 | $67.36/hr | Actual |
| 2024 | $79.71/hr | Actual |
| 2025 | $72.97/hr | Actual |
| 2026(current) | $75.31/hr | Estimated |
| 2027 | $77.71/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Woodbridge grew 20.0% from $60.82/hr (2019) to $72.97/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $77.71/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 Woodbridge 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 Woodbridge
For those considering part-time actuarial work, the financial implications can be significant. A part-time actuary working 24 hours per week could earn approximately $93,930 annually, markedly less than their full-time counterparts. While per diem roles are less common for junior actuaries, more experienced professionals, particularly Fellows of the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS), can tap into premium consulting engagements billing between $250 and $500 per hour. Additionally, expert testimony in legal settings can command fees reaching $800 per hour. Different employers in Woodbridge, such as life and health insurance firms or consulting giants like Mercer and Aon, tend to offer varying hourly rates, with benefits playing a crucial role in decision-making for many professionals. Some actuaries might accept lower pay for roles providing health insurance compared to the higher hourly rates found in independent consulting. To maximize earning potential, negotiation is key, and local market knowledge can give actuarial professionals an edge when discussing pay and benefits under various employment situations in Woodbridge.
More salary data for Woodbridge, 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 Woodbridge. 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 Woodbridge 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