Actuary Hourly Pay in Lancaster, OH: $58.11 (2026)
Quick Answer:Hourly pay for a actuary working in Lancaster, OH runs $58.11 at the median for 2026 — annualizing to $120,870 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Lancaster's regional price level (BEA RPP 90.7, 9% below national), each hour of work buys what $64.07 nationally would. A 24-hour part-time schedule grosses $72,524 per year.
Based on BLS state-level estimates · View source
Actuaries in Lancaster, OH can anticipate a median hourly pay of $58.11 in 2026, which falls below the national median of $64.50. This hourly rate caters well to professionals considering part-time options, such as working three days a week, and offers substantial income for per-diem roles typical within consulting firms and insurance companies. Entry-level actuaries might earn around $36.34 per hour, while seasoned professionals can push their rates to $90.07. Note that these hourly estimates derive from projected annual salary data, reflecting the profession's diverse working environments, including actuarial pricing departments and remote modeling roles.
About the Lancaster 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) | $36.34 | $290.69 |
| Lower Range (P25) | $43.98 | $351.87 |
| Median (P50) | $58.11 | $464.90 |
| Upper Range (P75) | $74.39 | $595.09 |
| Top Earners (P90) | $90.07 | $720.58 |
Estimated Annual Income by Work Schedule in Lancaster
Based on $58.11/hr median hourly rate · 2026 est.
At $58.11/hr, a actuary working full-time (40 hr/wk) in Lancaster, OH can expect to earn approximately $120,873 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $69,734. With a cost-of-living index of 90.70 (below the national average), these earnings stretch further in Lancaster.
Hourly Rate Calculator
Schedule Comparison in Lancaster
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,324.48 | $10,073 | $120,873 |
| Part-Time (24 hrs) | $1,394.69 | $6,044 | $72,524 |
| Per Diem (16 hrs) | $929.79 | $4,029 | $48,349 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Lancaster) | $58.11 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Lancaster, OH earn a median of $120,870 per year (2026 est.), which is 9.91% lower than the national median of $134,160 and 0.70% below the Ohio state average of $121,722.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $58.11/hr = $72,524/year (purchasing power: $79,960).
Working 40h/week (full-time) = $120,873/year (purchasing power: $133,267).
CoL index: 90.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.93/hr
2025 BLS Actual
$56.31/hr
2026 Current Est.
$58.11/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Lancaster (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.93/hr | Actual |
| 2020 | $48.09/hr | Actual |
| 2021 | $45.87/hr | Actual |
| 2022 | $49.38/hr | Actual |
| 2023 | $51.98/hr | Actual |
| 2024 | $51.98/hr | Actual |
| 2025 | $56.31/hr | Actual |
| 2026(current) | $58.11/hr | Estimated |
| 2027 | $59.97/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Lancaster grew 20.0% from $46.93/hr (2019) to $56.31/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $59.97/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 Lancaster 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 Lancaster
Exploring part-time opportunities further reveals that an actuary working 24 hours a week could take home a projected annual income significantly lower than their full-time counterparts. For example, a three-day workweek results in approximately $72,000 annually, emphasizing the financial implications of reduced hours. On the other hand, experienced actuaries engaged in per-diem or consulting work can earn considerably higher rates, with some specialists billing $250 to $500 per hour for their expertise in insurance or pension-related engagements. Within Lancaster, hourly rates can vary across employer types, with life insurance companies like Prudential and health insurers like UnitedHealth typically offering competitive compensation packages. While some actuaries may opt for lower hourly pay in exchange for comprehensive health benefits, others may pursue higher rates without additional benefits, making contract negotiations vital in this market. Understanding the local actuarial job landscape, particularly how to adjust rates based on experience and employer type, can be key for maximizing earnings in Lancaster.
More salary data for Lancaster, 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 Lancaster. 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 Lancaster 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