Actuary Hourly Pay in Concord, NC: $64.91 (2026)
Quick Answer:Hourly pay for a actuary working in Concord, NC runs $64.91 at the median for 2026 — annualizing to $135,023 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Concord's regional price level (BEA RPP 93.6, 6% below national), each hour of work buys what $69.35 nationally would. A 24-hour part-time schedule grosses $81,011 per year.
Based on BLS state-level estimates · View source
In Concord, North Carolina, the projected median hourly pay for actuaries in 2026 is $64.91, slightly surpassing the national median of $64.50. This favorable rate positions Concord's actuaries well against their peers across the United States. This hourly compensation opens various work arrangements, whether part-time, on a three-day workweek, or engaging in per-diem opportunities. Actuaries often find themselves in insurance company actuarial pricing departments, consulting firms, reinsurance pricing teams, or while conducting remote modeling work. The pay range for entry-level positions starts at approximately $37.81, rising to around $100.62 for top earners, providing a broad spectrum of earnings for different experience levels even in the Concord market.
About the Concord Market
Salary estimated from North Carolina average ($125,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $37.81 | $302.50 |
| Lower Range (P25) | $47.33 | $378.62 |
| Median (P50) | $64.91 | $519.30 |
| Upper Range (P75) | $83.09 | $664.69 |
| Top Earners (P90) | $100.62 | $804.96 |
Estimated Annual Income by Work Schedule in Concord
Based on $64.91/hr median hourly rate · 2026 est.
At $64.91/hr, a actuary working full-time (40 hr/wk) in Concord, NC can expect to earn approximately $135,019 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $77,895. With a cost-of-living index of 93.60 (below the national average), these earnings stretch further in Concord.
Hourly Rate Calculator
Schedule Comparison in Concord
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,596.51 | $11,252 | $135,019 |
| Part-Time (24 hrs) | $1,557.91 | $6,751 | $81,011 |
| Per Diem (16 hrs) | $1,038.60 | $4,501 | $54,007 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Concord) | $64.91 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Concord, NC earn a median of $135,023 per year (2026 est.), which is 0.64% higher than the national median of $134,160 and 7.50% above the North Carolina state average of $125,603.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $64.91/hr = $81,011/year (purchasing power: $86,550).
Working 40h/week (full-time) = $135,019/year (purchasing power: $144,251).
CoL index: 93.6 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$52.42/hr
2025 BLS Actual
$62.90/hr
2026 Current Est.
$64.91/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Concord (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $52.42/hr | Actual |
| 2020 | $53.72/hr | Actual |
| 2021 | $51.24/hr | Actual |
| 2022 | $55.15/hr | Actual |
| 2023 | $58.06/hr | Actual |
| 2024 | $57.74/hr | Actual |
| 2025 | $62.90/hr | Actual |
| 2026(current) | $64.91/hr | Estimated |
| 2027 | $66.99/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Concord grew 20.0% from $52.42/hr (2019) to $62.90/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $66.99/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 Concord 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 Concord
Examining the financial implications of part-time work reveals that a 24-hour workweek generates substantial annual earnings, particularly compared to full-time roles. For example, per-diem opportunities, although less common for junior actuaries, can become lucrative for those who have achieved Fellow status. Actuaries engaged in consulting projects often command rates between $250 and $500 per hour, while expert witness testimony in insurance or pension litigation can yield $400 to $800 per hour. The type of employer significantly impacts hourly rates in Concord, with life insurance companies and managed care providers generally offering different pay scales compared to property and casualty insurers or consulting firms. Many actuaries weigh the benefits of stable health insurance against higher hourly pay without benefits, further influencing their negotiation strategies. A competitive market like Concord necessitates an understanding of these dynamics to secure desired compensation packages.
More salary data for Concord, NC:
Frequently Asked Questions
What is the hourly rate for actuaries in Concord in 2026?
How much do part-time actuaries make in Concord?
Are actuaries in Concord paid hourly or salary?
How much does a full-time actuary make per year in Concord?
Do actuaries earn more per hour working part-time in Concord?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in North Carolina
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 Concord. 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 Concord 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