Actuary Hourly Pay in Suffolk, VA: $65.45 (2026)
Quick Answer:Hourly pay for a actuary working in Suffolk, VA runs $65.45 at the median for 2026 — annualizing to $136,131 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Suffolk's regional price level (BEA RPP 103.2, 3% above national), each hour of work buys what $63.42 nationally would. A 24-hour part-time schedule grosses $81,681 per year.
Based on BLS state-level estimates · View source
In Suffolk, Virginia, actuaries earn a median hourly rate of $65.45, which is slightly above the national median of $64.50 for 2026. This competitive rate not only highlights the city’s appeal for actuarial professionals but also sets a favorable stage for both part-time and per-diem workers. Actuaries engaged in three-day-a-week roles—totaling around 24 hours—can expect a substantial income while enjoying flexible schedules. The hourly pay range for actuaries in Suffolk varies significantly, from $41.69 at the entry-level (10th percentile) to $101.45 for seasoned professionals (90th percentile). It’s important to remember that these hourly figures are derived from annual salary projections, indicating that actuaries in positions such as those in insurance company actuarial pricing departments or consulting firm client engagements have strong earning potential in the region.
About the Suffolk 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) | $41.69 | $333.54 |
| Lower Range (P25) | $50.29 | $402.31 |
| Median (P50) | $65.45 | $523.60 |
| Upper Range (P75) | $83.78 | $670.22 |
| Top Earners (P90) | $101.45 | $811.56 |
Estimated Annual Income by Work Schedule in Suffolk
Based on $65.45/hr median hourly rate · 2026 est.
At $65.45/hr, a actuary working full-time (40 hr/wk) in Suffolk, VA can expect to earn approximately $136,135 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $78,539. With a cost-of-living index of 103.20 (above the national average), these earnings may be offset by higher expenses in Suffolk.
Hourly Rate Calculator
Schedule Comparison in Suffolk
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,617.98 | $11,345 | $136,135 |
| Part-Time (24 hrs) | $1,570.79 | $6,807 | $81,681 |
| Per Diem (16 hrs) | $1,047.19 | $4,538 | $54,454 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Suffolk) | $65.45 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Suffolk, VA earn a median of $136,131 per year (2026 est.), which is 1.47% higher than the national median of $134,160 and 1.70% below the Virginia state average of $138,485.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $65.45/hr = $81,681/year (purchasing power: $79,148).
Working 40h/week (full-time) = $136,135/year (purchasing power: $131,914).
CoL index: 103.2 (100 = national average).
2019 BLS Actual
$52.86/hr
2025 BLS Actual
$63.42/hr
2026 Current Est.
$65.45/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Suffolk (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $52.86/hr | Actual |
| 2020 | $54.17/hr | Actual |
| 2021 | $51.66/hr | Actual |
| 2022 | $55.61/hr | Actual |
| 2023 | $58.54/hr | Actual |
| 2024 | $62.44/hr | Actual |
| 2025 | $63.42/hr | Actual |
| 2026(current) | $65.45/hr | Estimated |
| 2027 | $67.54/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Suffolk grew 20.0% from $52.86/hr (2019) to $63.42/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $67.54/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 Suffolk 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 Suffolk
At the part-time level, actuaries working 24 hours a week can expect to earn around $83,040 annually, which is significantly less than a full-time actuary's potential. The nature of work can vary widely; while junior actuaries rarely engage in per-diem or 1099 employment, more experienced professionals often command hourly rates ranging from $250 to $500 for consulting engagements, and even higher rates for expert testimony in litigation settings. In Suffolk, the hourly rates can also fluctuate based on the employer type, with life insurance companies and reinsurance firms typically offering different pay scales than consulting firms. Many actuaries accept lower hourly rates for roles that include health benefits, while those focused on higher hourly wages might forgo traditional benefits altogether. For local professionals, negotiating effectively by emphasizing specialized skills, particularly in predictive analytics or data science, can be essential for maximizing their hourly pay and career opportunities.
More salary data for Suffolk, VA:
Frequently Asked Questions
What is the hourly rate for actuaries in Suffolk in 2026?
How much do part-time actuaries make in Suffolk?
Are actuaries in Suffolk paid hourly or salary?
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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 Suffolk. 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 Suffolk 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