Actuary Hourly Pay in Cookeville, TN: $56.26 (2026)
Quick Answer:Hourly pay for a actuary working in Cookeville, TN runs $56.26 at the median for 2026 — annualizing to $117,023 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Cookeville's regional price level (BEA RPP 91.8, 8% below national), each hour of work buys what $61.29 nationally would. A 24-hour part-time schedule grosses $70,218 per year.
Based on BLS state-level estimates · View source
In Cookeville, Tennessee, the actuary hourly pay is projected to be $56.26 in 2026, which falls below the national hourly median of $64.50. This difference suggests that actuaries working in Cookeville may face lower earning potential compared to their counterparts in other regions. For those considering part-time work or per-diem positions, such as in consulting engagements or actuarial modeling projects, the hourly wage can be pivotal. The hourly range for actuaries in the area spans from $35.69 for entry-level positions to $87.20 for the top earners, providing various opportunities for both junior and seasoned professionals. Employers in Cookeville often include insurance companies, consulting firms, and reinsurance teams, each presenting unique compensation structures and work environments.
About the Cookeville Market
Salary estimated from Tennessee average ($115,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $35.69 | $285.49 |
| Lower Range (P25) | $42.96 | $343.70 |
| Median (P50) | $56.26 | $450.12 |
| Upper Range (P75) | $72.01 | $576.10 |
| Top Earners (P90) | $87.20 | $697.63 |
Estimated Annual Income by Work Schedule in Cookeville
Based on $56.26/hr median hourly rate · 2026 est.
At $56.26/hr, a actuary working full-time (40 hr/wk) in Cookeville, TN can expect to earn approximately $117,030 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $67,518. With a cost-of-living index of 91.80 (below the national average), these earnings stretch further in Cookeville.
Hourly Rate Calculator
Schedule Comparison in Cookeville
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,250.59 | $9,753 | $117,030 |
| Part-Time (24 hrs) | $1,350.35 | $5,852 | $70,218 |
| Per Diem (16 hrs) | $900.23 | $3,901 | $46,812 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Cookeville) | $56.26 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Cookeville, TN earn a median of $117,023 per year (2026 est.), which is 12.77% lower than the national median of $134,160 and 5.00% below the Tennessee state average of $123,182.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $56.26/hr = $70,218/year (purchasing power: $76,490).
Working 40h/week (full-time) = $117,030/year (purchasing power: $127,484).
CoL index: 91.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$45.44/hr
2025 BLS Actual
$54.52/hr
2026 Current Est.
$56.26/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Cookeville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $45.44/hr | Actual |
| 2020 | $46.56/hr | Actual |
| 2021 | $44.41/hr | Actual |
| 2022 | $47.81/hr | Actual |
| 2023 | $50.33/hr | Actual |
| 2024 | $48.23/hr | Actual |
| 2025 | $54.52/hr | Actual |
| 2026(current) | $56.26/hr | Estimated |
| 2027 | $58.07/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Cookeville grew 20.0% from $45.44/hr (2019) to $54.52/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $58.07/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 Cookeville 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 Cookeville
When examining the part-time earning potential for a 3-day workweek, an actuary in Cookeville may take home a salary that reflects $56.26 multiplied by their hours, resulting in a reasonable annual income while still enjoying the work-life balance that part-time roles offer. However, per-diem actuarial work is not common at the entry level, as most of the per-diem or 1099 opportunities—typically reserved for experienced professionals—command significantly higher rates. For instance, Fellows of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) can see rates of $250 to $500 for consulting, while expert witness engagements can reach $800 per hour. Actuaries in Cookeville need to consider the benefits trade-off carefully; while some may accept lower hourly pay for positions with comprehensive benefits packages, others might lean towards higher hourly rates that do not offer the same fringe benefits. To negotiate effectively, professionals should present their examination credentials and unique skills, especially in predictive analytics or modern data science—attributes sought after in the local market.
More salary data for Cookeville, TN:
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 Cookeville. 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 Cookeville 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