Actuary Hourly Pay in Murphy, TX: $57.25 (2026)
Quick Answer:Hourly pay for a actuary working in Murphy, TX runs $57.25 at the median for 2026 — annualizing to $119,066 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Murphy's regional price level (BEA RPP 96.0, 4% below national), each hour of work buys what $59.63 nationally would. A 24-hour part-time schedule grosses $71,442 per year.
Based on BLS state-level estimates · View source
In Murphy, TX, actuaries earn a median hourly rate of $57.25, which is notably lower than the national median of $64.50. This hourly pay reflects the context in which actuaries operate, including part-time roles in insurance company pricing departments or consulting engagements that may only require a few days of work per week. For those working three days a week, this hourly rate translates to a significant opportunity for income balance as actuaries can often enjoy flexible schedules, working in dynamic environments such as client meetings or remote actuarial modeling. The hourly wage in Murphy spans a range from $37.85 for entry-level positions to $88.73 for the top earners in the field, illustrating the potential for advancement through experience and continuing education such as attaining the ASA or FSA designations, which can substantially increase earning capacity.
About the Murphy Market
Salary estimated from Texas average ($128,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $37.85 | $302.83 |
| Lower Range (P25) | $44.69 | $357.48 |
| Median (P50) | $57.25 | $457.96 |
| Upper Range (P75) | $73.27 | $586.18 |
| Top Earners (P90) | $88.73 | $709.85 |
Estimated Annual Income by Work Schedule in Murphy
Based on $57.25/hr median hourly rate · 2026 est.
At $57.25/hr, a actuary working full-time (40 hr/wk) in Murphy, TX can expect to earn approximately $119,070 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $68,694. With a cost-of-living index of 96.00 (below the national average), these earnings stretch further in Murphy.
Hourly Rate Calculator
Schedule Comparison in Murphy
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,289.80 | $9,922 | $119,070 |
| Part-Time (24 hrs) | $1,373.88 | $5,953 | $71,442 |
| Per Diem (16 hrs) | $915.92 | $3,969 | $47,628 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Murphy) | $57.25 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Murphy, TX earn a median of $119,066 per year (2026 est.), which is 11.25% lower than the national median of $134,160 and 7.60% below the Texas state average of $128,859.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $57.25/hr = $71,442/year (purchasing power: $74,419).
Working 40h/week (full-time) = $119,070/year (purchasing power: $124,031).
CoL index: 96 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.23/hr
2025 BLS Actual
$55.47/hr
2026 Current Est.
$57.25/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Murphy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.23/hr | Actual |
| 2020 | $47.38/hr | Actual |
| 2021 | $45.19/hr | Actual |
| 2022 | $48.64/hr | Actual |
| 2023 | $51.20/hr | Actual |
| 2024 | $54.61/hr | Actual |
| 2025 | $55.47/hr | Actual |
| 2026(current) | $57.25/hr | Estimated |
| 2027 | $59.08/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Murphy grew 20.0% from $46.23/hr (2019) to $55.47/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $59.08/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 Murphy 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 Murphy
Given the local job market, actuaries choosing to work part-time can expect to take home considerably different annual incomes compared to their full-time counterparts. For a 24-hour work week, the annual earnings are significantly less, potentially drawing in only about $44,952, in contrast to what full-time employees make. Furthermore, while per diem actuary pay in Murphy is less common at the junior level, experienced professionals billing at rates of $250 to $500 per hour for consulting engagements or expert witness testimony can dramatically increase their overall income. However, hourly rates vary considerably across different employer types in the area, with large firms in life and health insurance offering different trade-offs between hourly pay and benefits. Actuaries often find themselves navigating these variables by weighing higher pay against essential benefits like health coverage, while also employing strategic negotiation tactics that enhance their compensation based on education and experience.
More salary data for Murphy, TX:
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 Murphy. 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 Murphy 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