Actuary Hourly Pay in Norristown, PA: $60.85 (2026)
Quick Answer:Hourly pay for a actuary working in Norristown, PA runs $60.85 at the median for 2026 — annualizing to $126,564 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Norristown's regional price level (BEA RPP 97.4, 3% below national), each hour of work buys what $62.47 nationally would. A 24-hour part-time schedule grosses $75,937 per year.
Based on BLS state-level estimates · View source
In Norristown, Pennsylvania, actuarial professionals can expect a median hourly pay of $60.85, which is slightly lower than the national median of $64.50. This hourly wage presents a viable opportunity for both part-time and per-diem workers, particularly in sectors such as insurance company actuarial pricing departments and consulting firms. For actuaries working three days a week, this translates into a solid income while allowing flexibility in their schedules. The range of hourly pay varies significantly, from approximately $35.42 for entry-level positions to around $94.31 for top earners. These figures, derived from estimated annual salary data, reflect a diverse landscape of opportunities for actuaries in Norristown, PA, providing a chance for professionals at different stages of their careers to thrive.
About the Norristown Market
Salary estimated from Pennsylvania average ($128,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $35.42 | $283.35 |
| Lower Range (P25) | $47.87 | $383.00 |
| Median (P50) | $60.85 | $486.77 |
| Upper Range (P75) | $77.54 | $620.36 |
| Top Earners (P90) | $94.31 | $754.52 |
Estimated Annual Income by Work Schedule in Norristown
Based on $60.85/hr median hourly rate · 2026 est.
At $60.85/hr, a actuary working full-time (40 hr/wk) in Norristown, PA can expect to earn approximately $126,561 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,016. With a cost-of-living index of 97.40 (below the national average), these earnings stretch further in Norristown.
Hourly Rate Calculator
Schedule Comparison in Norristown
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,433.87 | $10,547 | $126,561 |
| Part-Time (24 hrs) | $1,460.32 | $6,328 | $75,937 |
| Per Diem (16 hrs) | $973.55 | $4,219 | $50,624 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Norristown) | $60.85 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Norristown, PA earn a median of $126,564 per year (2026 est.), which is 5.66% lower than the national median of $134,160 and 3.10% below the Pennsylvania state average of $130,613.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $60.85/hr = $75,937/year (purchasing power: $77,964).
Working 40h/week (full-time) = $126,561/year (purchasing power: $129,940).
CoL index: 97.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$49.14/hr
2025 BLS Actual
$58.96/hr
2026 Current Est.
$60.85/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Norristown (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.14/hr | Actual |
| 2020 | $50.36/hr | Actual |
| 2021 | $48.03/hr | Actual |
| 2022 | $51.70/hr | Actual |
| 2023 | $54.42/hr | Actual |
| 2024 | $58.05/hr | Actual |
| 2025 | $58.96/hr | Actual |
| 2026(current) | $60.85/hr | Estimated |
| 2027 | $62.79/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Norristown grew 20.0% from $49.14/hr (2019) to $58.96/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $62.79/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 Norristown 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 Norristown
Part-time actuaries working in Norristown, if engaged for 24 hours a week, can anticipate an annual income that significantly diverges from that of their full-time counterparts, offering a comfortable lifestyle without the constraints of a traditional full-time role. Per diem opportunities, while scarce at the junior levels, can be lucrative for seasoned professionals; consulting engagements in roles like FSA or FCAS can command rates between $250 and $500 per hour, while expert testimonies related to insurance and pension litigation could yield hourly compensation of $400 to $800. Various employer types in the region, such as life and health insurers, property and casualty firms, and consulting agencies, often reflect different pay scales. While actuarial roles at companies like Prudential or MetLife may offer benefits that come with lower hourly rates, some professionals opt for higher pay rates without benefits for flexibility. Those negotiating their hourly pay should consider emphasizing their specialization and educational achievements to secure favorable terms, especially given the competitive compensation landscape in Norristown.
More salary data for Norristown, PA:
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 Norristown. 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 Norristown 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