Actuary Hourly Pay in Schenectady, NY: $72.41 (2026)
Quick Answer:Hourly pay for a actuary working in Schenectady, NY runs $72.41 at the median for 2026 — annualizing to $150,593 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Schenectady's regional price level (BEA RPP 115.9, 16% above national), each hour of work buys what $62.47 nationally would. A 24-hour part-time schedule grosses $90,362 per year.
Based on BLS state-level estimates · View source
In Schenectady, NY, actuaries earn a median hourly rate of $72.41, significantly above the national hourly median of $64.50. This figure demonstrates the health of the local actuarial market, offering lucrative opportunities for those considering part-time positions, such as working three days a week. For professionals operating on a per-diem basis, this hourly pay can be rather appealing, especially in typical settings like insurance company actuarial pricing departments and consulting firms. The hourly earnings in this field vary widely, with entry-level positions starting at approximately $44.41 and top earners making up to $112.22 per hour. Given that these hourly rates are derived from annual salary data, they highlight the strong earning potential and demand for actuaries in this area.
About the Schenectady Market
Salary estimated from New York average ($152,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $44.41 | $355.26 |
| Lower Range (P25) | $54.35 | $434.76 |
| Median (P50) | $72.41 | $579.24 |
| Upper Range (P75) | $92.67 | $741.39 |
| Top Earners (P90) | $112.22 | $897.76 |
Estimated Annual Income by Work Schedule in Schenectady
Based on $72.41/hr median hourly rate · 2026 est.
At $72.41/hr, a actuary working full-time (40 hr/wk) in Schenectady, NY can expect to earn approximately $150,603 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $86,886. With a cost-of-living index of 115.90 (above the national average), these earnings may be offset by higher expenses in Schenectady.
Hourly Rate Calculator
Schedule Comparison in Schenectady
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,896.20 | $12,550 | $150,603 |
| Part-Time (24 hrs) | $1,737.72 | $7,530 | $90,362 |
| Per Diem (16 hrs) | $1,158.48 | $5,020 | $60,241 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Schenectady) | $72.41 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Schenectady, NY earn a median of $150,593 per year (2026 est.), which is 12.25% higher than the national median of $134,160 and 3.20% below the New York state average of $155,571.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $72.41/hr = $90,362/year (purchasing power: $77,965).
Working 40h/week (full-time) = $150,603/year (purchasing power: $129,942).
CoL index: 115.9 (100 = national average).
2019 BLS Actual
$58.48/hr
2025 BLS Actual
$70.16/hr
2026 Current Est.
$72.41/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Schenectady (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $58.48/hr | Actual |
| 2020 | $59.92/hr | Actual |
| 2021 | $57.15/hr | Actual |
| 2022 | $61.52/hr | Actual |
| 2023 | $64.76/hr | Actual |
| 2024 | $82.03/hr | Actual |
| 2025 | $70.16/hr | Actual |
| 2026(current) | $72.41/hr | Estimated |
| 2027 | $74.72/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Schenectady grew 20.0% from $58.48/hr (2019) to $70.16/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $74.72/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 Schenectady 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 Schenectady
Taking a closer look at part-time work, an actuary in Schenectady who works 24 hours a week would bring home about $56,917 annually, a significant sum for a part-time role that reflects the high hourly rate in the market. For those engaging in per-diem or freelance work, it's more common to encounter FSA or FCAS credentials billing $250-$500 per hour for consulting engagements; senior roles in litigation cases can demand fees of $400-$800 per hour. Hourly compensation can vary widely depending on the employer type in Schenectady, from life and health insurers like Prudential and UnitedHealth, to consulting firms such as Mercer and Aon. While some may prioritize benefits over higher pay, practical negotiation strategies can also be beneficial. Understanding the distinct employer requirements and being aware of the consulting vs insurer pay gradient is essential for actuaries seeking to optimize their hourly pay in Schenectady.
More salary data for Schenectady, NY:
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 Schenectady. 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 Schenectady 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