Actuary Hourly Pay in Shaker Heights, OH: $56.41 (2026)
Quick Answer:Hourly pay for a actuary working in Shaker Heights, OH runs $56.41 at the median for 2026 — annualizing to $117,331 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Shaker Heights's regional price level (BEA RPP 90.7, 9% below national), each hour of work buys what $62.19 nationally would. A 24-hour part-time schedule grosses $70,399 per year.
Based on BLS state-level estimates · View source
In Shaker Heights, Ohio, actuaries earn a median hourly pay of $56.41, which is notably below the national median of $64.50. This hourly rate allows for various employment structures, making it feasible for professionals who may prefer part-time arrangements or per-diem roles. For instance, an actuary working three days a week can still earn substantial income while maintaining flexibility in their schedule. The hourly wage can range from $37.07 for entry-level positions to as high as $87.43 for seasoned experts, illustrating a significant disparity based on experience and specialization within the actuarial field. Responsibilities may vary, with actuaries typically working in environments such as insurance company actuarial pricing departments or consulting firm client engagement rooms, and these settings increasingly accommodate remote and hybrid work models as well.
About the Shaker Heights 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) | $37.07 | $296.56 |
| Lower Range (P25) | $44.08 | $352.61 |
| Median (P50) | $56.41 | $451.27 |
| Upper Range (P75) | $71.59 | $572.72 |
| Top Earners (P90) | $87.43 | $699.45 |
Estimated Annual Income by Work Schedule in Shaker Heights
Based on $56.41/hr median hourly rate · 2026 est.
At $56.41/hr, a actuary working full-time (40 hr/wk) in Shaker Heights, OH can expect to earn approximately $117,331 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $67,691. With a cost-of-living index of 90.70 (below the national average), these earnings stretch further in Shaker Heights.
Hourly Rate Calculator
Schedule Comparison in Shaker Heights
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,256.36 | $9,778 | $117,331 |
| Part-Time (24 hrs) | $1,353.82 | $5,867 | $70,399 |
| Per Diem (16 hrs) | $902.55 | $3,911 | $46,932 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Shaker Heights) | $56.41 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Shaker Heights, OH earn a median of $117,331 per year (2026 est.), which is 12.54% lower than the national median of $134,160 and 3.60% below the Ohio state average of $121,713.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $56.41/hr = $70,399/year (purchasing power: $77,617).
Working 40h/week (full-time) = $117,331/year (purchasing power: $129,362).
CoL index: 90.7 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$45.56/hr
2025 BLS Actual
$54.66/hr
2026 Current Est.
$56.41/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Shaker Heights (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $45.56/hr | Actual |
| 2020 | $46.68/hr | Actual |
| 2021 | $44.53/hr | Actual |
| 2022 | $47.93/hr | Actual |
| 2023 | $50.46/hr | Actual |
| 2024 | $50.46/hr | Actual |
| 2025 | $54.66/hr | Actual |
| 2026(current) | $56.41/hr | Estimated |
| 2027 | $58.21/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Shaker Heights grew 20.0% from $45.56/hr (2019) to $54.66/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $58.21/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 Shaker Heights 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 Shaker Heights
When assessing part-time earning potential, it's clear that an actuary in Shaker Heights working a 24-hour week would generate income that can still compete favorably with full-time positions, but with reduced annual take-home pay. Per-diem or independent consulting roles, though less common for junior actuaries, have lucrative possibilities; advanced professionals holding FSA or FCAS designations can bill rates between $250 and $500 per hour, and those providing expert testimony may command even higher fees, from $400 up to $800 per hour. Interestingly, hourly rates often vary depending on the employer type—actuaries in life insurance companies like Prudential or health insurers such as UnitedHealth might encounter different pay scales compared to those at consulting firms like Mercer or Aon. While some actuaries may opt for slightly lower hourly rates with health benefits, others might prioritize higher pay per hour without such perks. For those negotiating their hourly pay in Shaker Heights, understanding market dynamics and being aware of compensation trends in consulting versus insurers can be instrumental in achieving favorable outcomes.
More salary data for Shaker Heights, 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 Shaker Heights. 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 Shaker Heights 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