Actuary Hourly Pay in Vermillion, SD: $46.88 (2026)
Quick Answer:Hourly pay for a actuary working in Vermillion, SD runs $46.88 at the median for 2026 — annualizing to $97,513 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Vermillion's regional price level (BEA RPP 92.8, 7% below national), each hour of work buys what $50.52 nationally would. A 24-hour part-time schedule grosses $58,511 per year.
Based on BLS state-level estimates · View source
In 2026, the median actuary hourly pay in Vermillion, South Dakota, stands at $46.88, significantly lower than the national median of $64.50. This disparity implies that professionals in the area may find themselves needing to adjust their expectations regarding compensation, particularly if they are considering part-time work, such as a 3-day work schedule. For those engaging in per-diem roles or remote actuarial modeling, the hourly rate can fluctuate between $30.93 at entry-level positions and reach up to $72.56 for top earners. Many actuaries in Vermillion work within insurance companies, consulting firms, or pension plans, where these hourly estimates are reflective of the broader compensation framework derived from annual salary projections rather than direct hourly work reports.
About the Vermillion Market
Salary estimated from South Dakota average ($105,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $30.93 | $247.43 |
| Lower Range (P25) | $36.54 | $292.34 |
| Median (P50) | $46.88 | $375.07 |
| Upper Range (P75) | $60.01 | $480.09 |
| Top Earners (P90) | $72.56 | $580.48 |
Estimated Annual Income by Work Schedule in Vermillion
Based on $46.88/hr median hourly rate · 2026 est.
At $46.88/hr, a actuary working full-time (40 hr/wk) in Vermillion, SD can expect to earn approximately $97,518 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $56,261. With a cost-of-living index of 92.80 (below the national average), these earnings stretch further in Vermillion.
Hourly Rate Calculator
Schedule Comparison in Vermillion
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $1,875.35 | $8,127 | $97,518 |
| Part-Time (24 hrs) | $1,125.21 | $4,876 | $58,511 |
| Per Diem (16 hrs) | $750.14 | $3,251 | $39,007 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Vermillion) | $46.88 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Vermillion, SD earn a median of $97,513 per year (2026 est.), which is 27.32% lower than the national median of $134,160 and 7.60% below the South Dakota state average of $105,533.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $46.88/hr = $58,511/year (purchasing power: $63,051).
Working 40h/week (full-time) = $97,518/year (purchasing power: $105,084).
CoL index: 92.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$37.86/hr
2025 BLS Actual
$45.43/hr
2026 Current Est.
$46.88/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Vermillion (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $37.86/hr | Actual |
| 2020 | $38.80/hr | Actual |
| 2021 | $37.01/hr | Actual |
| 2022 | $39.84/hr | Actual |
| 2023 | $41.94/hr | Actual |
| 2024 | $43.27/hr | Actual |
| 2025 | $45.43/hr | Actual |
| 2026(current) | $46.88/hr | Estimated |
| 2027 | $48.38/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Vermillion grew 20.0% from $37.86/hr (2019) to $45.43/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $48.38/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 Vermillion 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 Vermillion
When assessing the earning potential of a part-time actuary in Vermillion, working just three days a week (24 hours) can yield a notably lower annual income compared to a full-time role. Although per-diem actuaries might operate at rates ranging from $250 to $500 per hour for specialized consulting engagements, such opportunities are generally more accessible to seasoned professionals with FCAS or FSA credentials. Companies across various sectors, including life insurance and health benefits, typically pay less per hour while offering comprehensive benefits, prompting many in these fields to weigh the trade-offs between higher hourly rates without benefits and lower rates that include health insurance. For those negotiating hourly contracts in Vermillion, highlighting specialized skills—especially in predictive analytics—can be a strong bargaining tool, as these capabilities are increasingly sought after in the actuarial field.
More salary data for Vermillion, SD:
Frequently Asked Questions
What is the hourly rate for actuaries in Vermillion in 2026?
How much do part-time actuaries make in Vermillion?
Are actuaries in Vermillion paid hourly or salary?
How much does a full-time actuary make per year in Vermillion?
Do actuaries earn more per hour working part-time in Vermillion?
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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 Vermillion. 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 Vermillion 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