Actuary Hourly Pay in South Milwaukee, WI: $57.23 (2026)
Quick Answer:Hourly pay for a actuary working in South Milwaukee, WI runs $57.23 at the median for 2026 — annualizing to $119,045 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against South Milwaukee's regional price level (BEA RPP 93.4, 7% below national), each hour of work buys what $61.28 nationally would. A 24-hour part-time schedule grosses $71,429 per year.
Based on BLS state-level estimates · View source
Actuaries in South Milwaukee, Wisconsin, are projected to earn a median hourly rate of $57.23 in 2026, which is notably lower than the national median of $64.50. This hourly figure reflects opportunities in various actuarial settings such as insurance company pricing departments, consulting firms, and reinsurance pricing teams. For those considering part-time work, such as three days a week, this equates to a stable income that can be very advantageous for individuals balancing other commitments. The hourly range for actuaries in South Milwaukee varies significantly, from an entry-level pay of $35.62 to as much as $88.71 for top earners, illustrating a robust potential for career advancement and specialization within the profession. These estimates illustrate how actuarial hourly pay in South Milwaukee stands in relation to the wider industry, and they provide a clear picture for aspiring actuaries seeking out occupational opportunities in the area.
About the South Milwaukee Market
Salary estimated from Wisconsin average ($122,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $35.62 | $285.00 |
| Lower Range (P25) | $43.07 | $344.52 |
| Median (P50) | $57.23 | $457.88 |
| Upper Range (P75) | $71.35 | $570.82 |
| Top Earners (P90) | $88.71 | $709.69 |
Estimated Annual Income by Work Schedule in South Milwaukee
Based on $57.23/hr median hourly rate · 2026 est.
At $57.23/hr, a actuary working full-time (40 hr/wk) in South Milwaukee, WI can expect to earn approximately $119,048 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $68,682. With a cost-of-living index of 93.40 (below the national average), these earnings stretch further in South Milwaukee.
Hourly Rate Calculator
Schedule Comparison in South Milwaukee
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,289.39 | $9,921 | $119,048 |
| Part-Time (24 hrs) | $1,373.63 | $5,952 | $71,429 |
| Per Diem (16 hrs) | $915.76 | $3,968 | $47,619 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (South Milwaukee) | $57.23 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in South Milwaukee, WI earn a median of $119,045 per year (2026 est.), which is 11.27% lower than the national median of $134,160 and 5.00% below the Wisconsin state average of $125,311.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $57.23/hr = $71,429/year (purchasing power: $76,476).
Working 40h/week (full-time) = $119,048/year (purchasing power: $127,461).
CoL index: 93.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.22/hr
2025 BLS Actual
$55.46/hr
2026 Current Est.
$57.23/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in South Milwaukee (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.22/hr | Actual |
| 2020 | $47.37/hr | Actual |
| 2021 | $45.18/hr | Actual |
| 2022 | $48.63/hr | Actual |
| 2023 | $51.19/hr | Actual |
| 2024 | $52.05/hr | Actual |
| 2025 | $55.46/hr | Actual |
| 2026(current) | $57.23/hr | Estimated |
| 2027 | $59.07/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in South Milwaukee grew 20.0% from $46.22/hr (2019) to $55.46/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $59.07/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 South Milwaukee 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 South Milwaukee
Turning to the earning potential for part-time actuaries, working just three days a week equates to about 24 hours, which can yield a respectable income when calculated annually compared to full-time roles. Per-diem work is less common for those at junior levels but can be lucrative for seasoned actuaries with credentials like FSA or FCAS, where rates can range from $250 to $500 per hour in consulting engagements. Specialized tasks such as expert witness testimony can command rates between $400 and $800. Different employer types in South Milwaukee contribute to variable hourly rates: life insurance firms like Prudential and reinsurance companies such as Munich Re often pay differently compared to health insurers like UnitedHealth. Actuaries sometimes face trade-offs between higher hourly pay without benefits and lower rates that include extensive health insurance packages. For those negotiating hourly wages, understanding the local market, current demand for skills in predictive analytics and data science, and firm-specific pay practices can drive beneficial negotiations in South Milwaukee’s actuarial landscape.
More salary data for South Milwaukee, WI:
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 South Milwaukee. 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 South Milwaukee 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