Actuary Hourly Pay in Lakewood, OH: $58.20 (2026)
Quick Answer:Hourly pay for a actuary working in Lakewood, OH runs $58.20 at the median for 2026 — annualizing to $121,069 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Lakewood's regional price level (BEA RPP 90.7, 9% below national), each hour of work buys what $64.17 nationally would. A 24-hour part-time schedule grosses $72,640 per year.
Based on BLS state-level estimates · View source
In Lakewood, OH, actuaries earn a median hourly rate of $58.20, which is lower than the national median of $64.50. This figure provides a framework for understanding what part-time and per-diem actuaries can expect, especially in environments such as insurance pricing departments or consulting firms. For those working three days a week, the hourly pay could translate into a respectable income, benefiting from flexibility that can accommodate various personal commitments. The hourly rate for entry-level positions starts at approximately $33.76, while more experienced actuaries can earn up to $90.22, illustrating a broad range that reflects both expertise and the complexity of the tasks performed in settings such as reinsurance and pension consulting.
About the Lakewood Market
Salary estimated from Ohio average ($120,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $33.76 | $270.05 |
| Lower Range (P25) | $42.06 | $336.51 |
| Median (P50) | $58.20 | $465.64 |
| Upper Range (P75) | $74.50 | $596.00 |
| Top Earners (P90) | $90.22 | $721.74 |
Estimated Annual Income by Work Schedule in Lakewood
Based on $58.20/hr median hourly rate · 2026 est.
At $58.20/hr, a actuary working full-time (40 hr/wk) in Lakewood, OH can expect to earn approximately $121,066 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $69,846. With a cost-of-living index of 90.70 (below the national average), these earnings stretch further in Lakewood.
Hourly Rate Calculator
Schedule Comparison in Lakewood
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,328.19 | $10,089 | $121,066 |
| Part-Time (24 hrs) | $1,396.92 | $6,053 | $72,640 |
| Per Diem (16 hrs) | $931.28 | $4,036 | $48,426 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Lakewood) | $58.20 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Lakewood, OH earn a median of $121,069 per year (2026 est.), which is 9.76% lower than the national median of $134,160 and 0.50% below the Ohio state average of $121,677.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $58.20/hr = $72,640/year (purchasing power: $80,088).
Working 40h/week (full-time) = $121,066/year (purchasing power: $133,480).
CoL index: 90.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.01/hr
2025 BLS Actual
$56.40/hr
2026 Current Est.
$58.20/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Lakewood (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.01/hr | Actual |
| 2020 | $48.17/hr | Actual |
| 2021 | $45.94/hr | Actual |
| 2022 | $49.45/hr | Actual |
| 2023 | $52.06/hr | Actual |
| 2024 | $52.06/hr | Actual |
| 2025 | $56.40/hr | Actual |
| 2026(current) | $58.20/hr | Estimated |
| 2027 | $60.07/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Lakewood grew 20.0% from $47.01/hr (2019) to $56.40/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $60.07/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 Lakewood 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 Lakewood
For those considering part-time work as actuaries in Lakewood, a typical schedule of three days per week—totaling around 24 hours—would result in an annual income of approximately $72,000, compared to full-time earnings. However, many experienced actuaries find themselves engaged in per diem or consulting roles, which are less common at entry levels but significantly more lucrative. Senior actuaries with qualifications such as FSA or FCAS may command billing rates between $250 and $500 per hour for consulting, and even higher for expert witness roles in litigation cases. Actuaries in Lakewood may find differing hourly rates depending on employer type; life insurers, health managed care, and reinsurance firms often present varied compensation structures. While higher hourly pay might attract many, the opportunity for benefits such as health insurance can lead some to prefer positions offering lower hourly rates. Negotiating for competitive pay remains a crucial skill, particularly in an environment where actuarial expertise is increasingly tied to advanced analytical capabilities.
More salary data for Lakewood, 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 Lakewood. 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 Lakewood 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