Actuary Hourly Pay in Akron, OH: $58.27 (2026)
Quick Answer:Hourly pay for a actuary working in Akron, OH runs $58.27 at the median for 2026 — annualizing to $121,188 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Akron's regional price level (BEA RPP 93.4, 7% below national), each hour of work buys what $62.40 nationally would. A 24-hour part-time schedule grosses $72,717 per year.
Official BLS data · View source
Actuaries in Akron, Ohio, are expected to earn a median hourly rate of $58.27 in 2026, which is slightly below the national median hourly rate of $64.50. This figure indicates that professionals in this region can expect a competitive pay scale, particularly if working part-time in settings such as insurance company actuarial pricing departments or consulting firm environments. For those working three days a week, this hourly wage translates into a significant income, allowing for flexibility while maintaining financial stability. The hourly pay range for actuaries in Akron extends from $37.99 for entry-level positions to as high as $82.98 for top earners, showcasing a variety of opportunities available in this profession.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $37.99 | $303.90 |
| Lower Range (P25) | $41.83 | $334.62 |
| Median (P50) | $58.27 | $466.13 |
| Upper Range (P75) | $62.92 | $503.37 |
| Top Earners (P90) | $82.98 | $663.86 |
Estimated Annual Income by Work Schedule in Akron
Based on $58.27/hr median hourly rate · 2026 est.
At $58.27/hr, a actuary working full-time (40 hr/wk) in Akron, OH can expect to earn approximately $121,195 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $69,920. With a cost-of-living index of 93.37 (below the national average), these earnings stretch further in Akron.
Hourly Rate Calculator
Schedule Comparison in Akron
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,330.67 | $10,100 | $121,195 |
| Part-Time (24 hrs) | $1,398.40 | $6,060 | $72,717 |
| Per Diem (16 hrs) | $932.27 | $4,040 | $48,478 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Akron) | $58.27 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Akron, OH earn a median of $121,188 per year (2026 est.), which is 9.67% lower than the national median of $134,160 and 0.40% below the Ohio state average of $121,674.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $58.27/hr = $72,717/year (purchasing power: $77,880).
Working 40h/week (full-time) = $121,195/year (purchasing power: $129,801).
CoL index: 93.37 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$39.01/hr
2025 BLS Actual
$56.46/hr
2026 Current Est.
$58.27/hr
2019–2027 Growth
+54.1%
Hourly Rate Trajectory for Actuaries in Akron (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $39.01/hr | Actual |
| 2020 | $36.40/hr | Actual |
| 2021 | $47.56/hr | Actual |
| 2022 | $49.51/hr | Actual |
| 2023 | $48.89/hr | Actual |
| 2024 | $56.75/hr | Actual |
| 2025 | $56.46/hr | Actual |
| 2026(current) | $58.27/hr | Estimated |
| 2027 | $60.13/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Akron grew 44.7% from $39.01/hr (2019) to $56.46/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $60.13/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 Akron 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 Akron
In terms of annual earnings, a part-time actuary working 24 hours a week can expect to take home approximately $72,000, compared to full-time counterparts who earn significantly more. While per-diem and agency work is less common for junior actuaries, established professionals can find lucrative opportunities, particularly in consulting. For instance, consultants billing at $250-$500 per hour are more likely to be FSAs or FCAS, while experts providing testimony in litigation can command fees ranging from $400 to $800 an hour. Additionally, hourly rates can vary across employer types in Akron, with life insurance companies typically offering solid benefits packages that may result in less hourly compensation compared to consulting firms, which attract FSAs through higher pay but often lack similar incentives. Negotiation strategies can also emphasize the value of benefits against hourly rates, especially for those in the process of pursuing credentials through SOA or CAS, as achieving designations can substantially increase earning potential.
More salary data for Akron, OH:
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 Akron. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 6-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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