Actuary Hourly Pay in Waco, TX: $62.25 (2026)
Quick Answer:Hourly pay for a actuary working in Waco, TX runs $62.25 at the median for 2026 — annualizing to $129,483 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Waco's regional price level (BEA RPP 96.0, 4% below national), each hour of work buys what $64.84 nationally would. A 24-hour part-time schedule grosses $77,688 per year.
Based on BLS state-level estimates · View source
In Waco, Texas, the actuary hourly pay is projected to sit at $62.25 in 2026, slightly below the national hourly median of $64.50. This figure reflects the compensation landscape for both full-time and part-time actuaries, who often find work within insurance company actuarial pricing departments, consulting firms, and pension plan client meetings. For those taking on a part-time workload of three days a week, this hourly rate could still yield significant earnings, making it an attractive option for professionals seeking flexibility. The hourly wage range in Waco shows a broad spectrum, with entry-level actuaries starting at approximately $37.32, and top-tier earners potentially getting up to $96.49 per hour. It’s important to note that these hourly rates are estimated based on annual salary figures, thus providing a comprehensive view of expected pay across experience levels in this region.
About the Waco 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) | $37.32 | $298.54 |
| Lower Range (P25) | $46.18 | $369.46 |
| Median (P50) | $62.25 | $498.00 |
| Upper Range (P75) | $79.68 | $637.45 |
| Top Earners (P90) | $96.49 | $771.94 |
Estimated Annual Income by Work Schedule in Waco
Based on $62.25/hr median hourly rate · 2026 est.
At $62.25/hr, a actuary working full-time (40 hr/wk) in Waco, TX can expect to earn approximately $129,480 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $74,700. With a cost-of-living index of 96.00 (below the national average), these earnings stretch further in Waco.
Hourly Rate Calculator
Schedule Comparison in Waco
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,490.01 | $10,790 | $129,480 |
| Part-Time (24 hrs) | $1,494.01 | $6,474 | $77,688 |
| Per Diem (16 hrs) | $996.00 | $4,316 | $51,792 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Waco) | $62.25 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Waco, TX earn a median of $129,483 per year (2026 est.), which is 3.49% lower than the national median of $134,160 and 0.50% above the Texas state average of $128,839.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $62.25/hr = $77,688/year (purchasing power: $80,925).
Working 40h/week (full-time) = $129,480/year (purchasing power: $134,876).
CoL index: 96 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$50.27/hr
2025 BLS Actual
$60.32/hr
2026 Current Est.
$62.25/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Waco (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $50.27/hr | Actual |
| 2020 | $51.52/hr | Actual |
| 2021 | $49.14/hr | Actual |
| 2022 | $52.89/hr | Actual |
| 2023 | $55.68/hr | Actual |
| 2024 | $59.39/hr | Actual |
| 2025 | $60.32/hr | Actual |
| 2026(current) | $62.25/hr | Estimated |
| 2027 | $64.24/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Waco grew 20.0% from $50.27/hr (2019) to $60.32/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $64.24/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 Waco 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 Waco
Part-time actuaries in Waco working a three-day week, clocking in 24 hours, would earn about $63,072 annually, compared to their full-time counterparts who typically work 40 hours and can make more than $129,483. While per diem work is not widely available for junior actuaries, those at the Fellowship level can command significantly higher rates, with consulting engagements billing from $250 to $500 per hour. Expert witness roles, particularly in insurance or pension litigation, might yield even more—between $400 and $800 per hour. Various employer types affect pay scales significantly; life insurance carriers, health care organizations, property and casualty insurers, and consulting firms all offer differing compensation structures. Many professionals in Waco may find that accepting a lower hourly rate in exchange for health benefits and stability can be a worthwhile trade-off. When negotiating hourly rates, actuaries should consider local market dynamics and the competitive nature of firms in Waco, ensuring they advocate for compensation that reflects their credentials and experience level in the profession.
More salary data for Waco, 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 Waco. 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 Waco 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