Actuary Hourly Pay in Cranston, RI: $63.41 (2026)
Quick Answer:Hourly pay for a actuary working in Cranston, RI runs $63.41 at the median for 2026 — annualizing to $131,887 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Cranston's regional price level (BEA RPP 100.5, 1% above national), each hour of work buys what $63.09 nationally would. A 24-hour part-time schedule grosses $79,131 per year.
Based on BLS state-level estimates · View source
In Cranston, Rhode Island, the projected median hourly pay for actuaries in 2026 is $63.41, slightly below the national median of $64.50 per hour. This rate makes the profession attractive for part-time work or per-diem opportunities, especially in settings like insurance company actuarial pricing departments or consulting firm client engagements. Part-time actuaries, working three days a week, can still secure a competitive hourly rate, benefiting from flexibility without sacrificing financial stability. For entry-level positions, hourly pay starts at approximately $39.88, while experienced professionals can earn up to $98.28 per hour, showcasing the significant disparity possible within the field. These hourly figures are derived from annual salary data, allowing for a clear perspective on earning potential in the region.
About the Cranston Market
Salary estimated from Rhode Island average ($120,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $39.88 | $319.01 |
| Lower Range (P25) | $48.34 | $386.71 |
| Median (P50) | $63.41 | $507.25 |
| Upper Range (P75) | $81.16 | $649.25 |
| Top Earners (P90) | $98.28 | $786.22 |
Estimated Annual Income by Work Schedule in Cranston
Based on $63.41/hr median hourly rate · 2026 est.
At $63.41/hr, a actuary working full-time (40 hr/wk) in Cranston, RI can expect to earn approximately $131,885 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $76,087. With a cost-of-living index of 100.50 (above the national average), these earnings may be offset by higher expenses in Cranston.
Hourly Rate Calculator
Schedule Comparison in Cranston
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,536.24 | $10,990 | $131,885 |
| Part-Time (24 hrs) | $1,521.75 | $6,594 | $79,131 |
| Per Diem (16 hrs) | $1,014.50 | $4,396 | $52,754 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Cranston) | $63.41 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Cranston, RI earn a median of $131,887 per year (2026 est.), which is 1.69% lower than the national median of $134,160 and 2.20% below the Rhode Island state average of $134,853.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $63.41/hr = $79,131/year (purchasing power: $78,737).
Working 40h/week (full-time) = $131,885/year (purchasing power: $131,229).
CoL index: 100.5 (100 = national average).
2019 BLS Actual
$51.21/hr
2025 BLS Actual
$61.44/hr
2026 Current Est.
$63.41/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Cranston (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $51.21/hr | Actual |
| 2020 | $52.47/hr | Actual |
| 2021 | $50.05/hr | Actual |
| 2022 | $53.87/hr | Actual |
| 2023 | $56.71/hr | Actual |
| 2024 | $56.71/hr | Actual |
| 2025 | $61.44/hr | Actual |
| 2026(current) | $63.41/hr | Estimated |
| 2027 | $65.44/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Cranston grew 20.0% from $51.21/hr (2019) to $61.44/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $65.44/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 Cranston 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 Cranston
Considering part-time arrangements, an actuary working 24 hours a week might expect to earn about $78,976 annually, significantly less than a full-time peer, who would earn around $131,887 based on a typical schedule. Per-diem work, while less common for junior staff, can be incredibly lucrative for experienced actuaries, particularly those holding FSA or FCAS designations. Per diem actuary pay in Cranston often varies widely, with consultancy work billing anywhere from $250 to $500 per hour, while expert witness testimony can command rates as high as $800 per hour. Depending on the employer type, hourly rates can differ; firms focused on life insurance, health insurance, and property and casualty insurance may offer different compensation structures. Taking health benefits into account, some may opt for a lower hourly rate at companies that provide comprehensive health insurance. Actuaries in Cranston should prioritize negotiating hourly rates that reflect their qualifications, especially as they progress through the SOA or CAS exams, since each passed exam can add noticeable value to their market worth.
More salary data for Cranston, RI:
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 Cranston. 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 Cranston 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