Actuary Hourly Pay in Lynchburg, VA: $65.99 (2026)
Quick Answer:Hourly pay for a actuary working in Lynchburg, VA runs $65.99 at the median for 2026 — annualizing to $137,260 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Lynchburg's regional price level (BEA RPP 103.2, 3% above national), each hour of work buys what $63.94 nationally would. A 24-hour part-time schedule grosses $82,351 per year.
Based on BLS state-level estimates · View source
In Lynchburg, Virginia, actuaries earn a median hourly rate of $65.99, which is slightly above the national median of $64.50. This competitive hourly wage offers a solid pathway for actuaries considering part-time roles, such as those working three days a week. These professionals can likewise benefit from the flexibility of per-diem work arrangements often found within insurance company actuarial departments, consulting firms, and pension planning teams. Those entering the field can expect to earn around $38.28 to start, while top earners can make as much as $102.28 per hour. While these hourly figures are estimates derived from annual salary projections, they reflect the balance of work available and the demand for actuarial expertise in Lynchburg.
About the Lynchburg Market
Salary estimated from Virginia average ($128,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $38.28 | $306.22 |
| Lower Range (P25) | $51.36 | $410.90 |
| Median (P50) | $65.99 | $527.89 |
| Upper Range (P75) | $84.47 | $675.75 |
| Top Earners (P90) | $102.28 | $818.25 |
Estimated Annual Income by Work Schedule in Lynchburg
Based on $65.99/hr median hourly rate · 2026 est.
At $65.99/hr, a actuary working full-time (40 hr/wk) in Lynchburg, VA can expect to earn approximately $137,251 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $79,183. With a cost-of-living index of 103.20 (above the national average), these earnings may be offset by higher expenses in Lynchburg.
Hourly Rate Calculator
Schedule Comparison in Lynchburg
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,639.44 | $11,438 | $137,251 |
| Part-Time (24 hrs) | $1,583.67 | $6,863 | $82,351 |
| Per Diem (16 hrs) | $1,055.78 | $4,575 | $54,900 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Lynchburg) | $65.99 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Lynchburg, VA earn a median of $137,260 per year (2026 est.), which is 2.31% higher than the national median of $134,160 and 0.90% below the Virginia state average of $138,507.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $65.99/hr = $82,351/year (purchasing power: $79,797).
Working 40h/week (full-time) = $137,251/year (purchasing power: $132,995).
CoL index: 103.2 (100 = national average).
2019 BLS Actual
$53.29/hr
2025 BLS Actual
$63.94/hr
2026 Current Est.
$65.99/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Lynchburg (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $53.29/hr | Actual |
| 2020 | $54.61/hr | Actual |
| 2021 | $52.09/hr | Actual |
| 2022 | $56.07/hr | Actual |
| 2023 | $59.02/hr | Actual |
| 2024 | $62.96/hr | Actual |
| 2025 | $63.94/hr | Actual |
| 2026(current) | $65.99/hr | Estimated |
| 2027 | $68.10/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Lynchburg grew 20.0% from $53.29/hr (2019) to $63.94/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $68.10/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 Lynchburg 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 Lynchburg
Exploring part-time earning potential, a 24-hour workweek translates to about $82,457 annually for those in Lynchburg, a substantial figure compared to full-time earnings. However, per-diem actuary work remains largely uncommon for entry-level positions. Once gaining credentials like FSA or FCAS, consultants can command significantly higher hourly pay rates, often billing clients between $250-$500 per hour, while expert testimony roles can generate fees as high as $800 per hour. Hourly pay can also vary based on employer type; for example, life insurance companies may offer different rates than health care insurers or consulting firms. Many actuaries opt for stability and benefits associated with full-time positions, even if these roles come with lower hourly rates. Negotiation tips emphasize the importance of understanding the nuances of the local market and weighing the benefits against hourly compensation in Lynchburg.
More salary data for Lynchburg, VA:
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 Lynchburg. 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 Lynchburg 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