Actuary Hourly Pay in Federal Way, WA: $68.65 (2026)
Quick Answer:Hourly pay for a actuary working in Federal Way, WA runs $68.65 at the median for 2026 — annualizing to $142,786 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Federal Way's regional price level (BEA RPP 107.4, 7% above national), each hour of work buys what $63.92 nationally would. A 24-hour part-time schedule grosses $85,674 per year.
Based on BLS state-level estimates · View source
In 2026, actuaries in Federal Way, Washington, are projected to earn a median hourly rate of $68.65, which surpasses the national median hourly pay of $64.50. This favorable rate indicates the potential for significant earnings, especially for part-time sectors, including those working three days a week in environments like insurance company pricing departments or actuarial consulting firms. For these part-time professionals, the hourly compensation can translate into a stable income even with reduced weekly hours. The hourly pay range for actuaries in this area extends from $41.59 at the entry-level to $106.40 for the most experienced professionals, providing a broad spectrum of earnings opportunities.
About the Federal Way Market
Salary estimated from Washington average ($132,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $41.59 | $332.72 |
| Lower Range (P25) | $51.25 | $409.99 |
| Median (P50) | $68.65 | $549.19 |
| Upper Range (P75) | $87.86 | $702.92 |
| Top Earners (P90) | $106.40 | $851.19 |
Estimated Annual Income by Work Schedule in Federal Way
Based on $68.65/hr median hourly rate · 2026 est.
At $68.65/hr, a actuary working full-time (40 hr/wk) in Federal Way, WA can expect to earn approximately $142,789 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $82,378. With a cost-of-living index of 107.40 (above the national average), these earnings may be offset by higher expenses in Federal Way.
Hourly Rate Calculator
Schedule Comparison in Federal Way
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,745.95 | $11,899 | $142,789 |
| Part-Time (24 hrs) | $1,647.57 | $7,139 | $85,674 |
| Per Diem (16 hrs) | $1,098.38 | $4,760 | $57,116 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Federal Way) | $68.65 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Federal Way, WA earn a median of $142,786 per year (2026 est.), which is 6.43% higher than the national median of $134,160 and 0.90% below the Washington state average of $144,083.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $68.65/hr = $85,674/year (purchasing power: $79,770).
Working 40h/week (full-time) = $142,789/year (purchasing power: $132,951).
CoL index: 107.4 (100 = national average).
2019 BLS Actual
$55.44/hr
2025 BLS Actual
$66.52/hr
2026 Current Est.
$68.65/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Federal Way (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $55.44/hr | Actual |
| 2020 | $56.81/hr | Actual |
| 2021 | $54.19/hr | Actual |
| 2022 | $58.33/hr | Actual |
| 2023 | $61.40/hr | Actual |
| 2024 | $67.54/hr | Actual |
| 2025 | $66.52/hr | Actual |
| 2026(current) | $68.65/hr | Estimated |
| 2027 | $70.85/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Federal Way grew 20.0% from $55.44/hr (2019) to $66.52/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $70.85/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 Federal Way 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 Federal Way
When considering part-time earnings, an actuary working 24 hours a week could realistically see an annual income that reflects the higher end of the scale, allowing for financial stability even outside of full-time engagement. The landscape for per diem actuary pay in Federal Way is particularly varied; consulting engagements for fully credentialed actuaries, such as those holding Fellow of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) titles, can command rates between $250 and $500 per hour. Expert witness testimony can drive hourly earnings even higher, reaching $400 to $800. Actuaries in Federal Way may find that the type of employer significantly affects their pay, with life insurance entities and large consulting firms often offering competitive pay structures that include benefits. Understanding the nuances between consulting roles and in-house positions can inform negotiations; many opt for slightly lower hourly rates to secure health insurance and other benefits. This dynamic compensation environment highlights the importance of being strategic in discussions regarding hourly pay when entering or advancing in the profession.
More salary data for Federal Way, WA:
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 Federal Way. 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 Federal Way 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