Actuary Hourly Pay in Franklin, TN: $58.38 (2026)
Quick Answer:Hourly pay for a actuary working in Franklin, TN runs $58.38 at the median for 2026 — annualizing to $121,421 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Franklin's regional price level (BEA RPP 91.8, 8% below national), each hour of work buys what $63.60 nationally would. A 24-hour part-time schedule grosses $72,859 per year.
Based on BLS state-level estimates · View source
In 2026, actuaries in Franklin, TN, can expect to earn a median hourly pay of $58.38, which is below the national median of $64.50. This median rate translates to a variety of working arrangements: actuaries working part-time, say three days a week or around 24 hours, would take home approximately $48,951 annually, making this career accessible for those seeking flexible employment options. The hourly range, spanning from $36.71 for entry-level positions to $90.49 for seasoned professionals, reflects the significant disparities in compensation based on experience and expertise. Actuarial professionals frequently work within insurance companies, consulting firms, and pension management settings, where they apply their analytical skills in pricing, modeling, and risk assessment.
About the Franklin 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) | $36.71 | $293.67 |
| Lower Range (P25) | $44.49 | $355.92 |
| Median (P50) | $58.38 | $467.04 |
| Upper Range (P75) | $74.72 | $597.73 |
| Top Earners (P90) | $90.49 | $723.89 |
Estimated Annual Income by Work Schedule in Franklin
Based on $58.38/hr median hourly rate · 2026 est.
At $58.38/hr, a actuary working full-time (40 hr/wk) in Franklin, TN can expect to earn approximately $121,431 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $70,056. With a cost-of-living index of 91.80 (below the national average), these earnings stretch further in Franklin.
Hourly Rate Calculator
Schedule Comparison in Franklin
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,335.21 | $10,119 | $121,431 |
| Part-Time (24 hrs) | $1,401.13 | $6,072 | $72,859 |
| Per Diem (16 hrs) | $934.08 | $4,048 | $48,572 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Franklin) | $58.38 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Franklin, TN earn a median of $121,421 per year (2026 est.), which is 9.50% lower than the national median of $134,160 and 1.40% below the Tennessee state average of $123,145.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $58.38/hr = $72,859/year (purchasing power: $79,367).
Working 40h/week (full-time) = $121,431/year (purchasing power: $132,278).
CoL index: 91.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.15/hr
2025 BLS Actual
$56.57/hr
2026 Current Est.
$58.38/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.15/hr | Actual |
| 2020 | $48.32/hr | Actual |
| 2021 | $46.08/hr | Actual |
| 2022 | $49.60/hr | Actual |
| 2023 | $52.22/hr | Actual |
| 2024 | $49.64/hr | Actual |
| 2025 | $56.57/hr | Actual |
| 2026(current) | $58.38/hr | Estimated |
| 2027 | $60.25/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Franklin grew 20.0% from $47.15/hr (2019) to $56.57/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $60.25/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 Franklin 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 Franklin
Exploring part-time opportunities in the Franklin area, actuaries need to consider the potential of per diem and contractual work. While it may be rare for junior actuaries to engage in per diem roles, more experienced professionals such as FSAs or FCAS can command rates upwards of $250 to $500 per hour in consulting sessions. For example, expert witness roles in insurance or pension-related litigations could yield hourly payments between $400 and $800, underscoring the profitability of specialization. The type of employer significantly impacts hourly pay; life insurance companies might offer stable salaries with benefits, while consulting firms like Mercer and Aon may provide higher pay at the cost of job security and benefits. Those in Franklin considering hourly work should weigh the trade-offs of higher pay against the security and benefits that larger employers offer, keeping in mind that successful salary negotiations often hinge on showcasing project experience and relevant credentials from the SOA or CAS.
More salary data for Franklin, 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 Franklin. 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 Franklin 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