Actuary salary in Michigan
Actuaries in Michigan earn a median of $100,640 a year ($48.38 an hour), based on BLS data for 570 workers.
Pay ranges from $65,240 for the lowest-paid 10% to $170,450 for the top 10%. That is 23% lower than the national median of $130,000. Michigan ranks 35th of 36 states for actuaries pay. There are 0.13 actuaries per 1,000 jobs here — the job is less common than nationally (location quotient 0.75). The average (mean) salary is $108,630, above the median because a few high earners pull it up.
Pay range for actuaries in Michigan
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $65,240 | $31.37 |
| 25th percentile | $78,510 | $37.75 |
| Median | $100,640 | $48.38 |
| 75th percentile | $134,460 | $64.64 |
| 90th percentile (top earners) | $170,450 | $81.95 |
| Average (mean) | $108,630 | $52.22 |
Half of actuaries earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $8,386.67 |
| Semi-monthly (24 a year) | $4,193.33 |
| Biweekly (26 a year) | $3,870.77 |
| Weekly | $1,935.38 |
| Hourly | $48.38 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Actuary salary in cities in Michigan
| Metro area | Median salary | Workers |
|---|---|---|
| Detroit-Warren-Dearborn, MI | $105,640 | 240 |
| Grand Rapids-Wyoming-Kentwood, MI | $97,210 | 60 |
| Lansing-East Lansing, MI | $80,910 | 180 |
Highest-paying states for actuaries
| State | Median salary |
|---|---|
| Connecticut | $166,800 |
| District of Columbia | $166,230 |
| New York | $156,480 |
| New Jersey | $142,800 |
| Alabama | $136,950 |
| Arizona | $135,870 |
| Washington | $134,720 |
| Utah | $132,720 |
| Nevada | $132,370 |
| Florida | $132,110 |
Related jobs in Michigan
| Job | Median salary | Hourly |
|---|---|---|
| Data Scientist | $100,590 | $48.36 |
| Operations Research Analyst | $83,480 | $40.13 |
| Statistician | $102,710 | $49.38 |
| Mathematician | $65,510 | $31.50 |
| Software Developer | $125,570 | $60.37 |
| Computer User Support Specialist | $56,240 | $27.04 |
| Computer Systems Analyst | $103,410 | $49.72 |
| Computer Occupations, All Other | $105,680 | $50.81 |
| Network and Computer Systems Administrators | $92,750 | $44.59 |
| Computer Programmer | $65,860 | $31.67 |
| Software Quality Assurance Analysts and Testers | $98,720 | $47.46 |
| Information Security Analyst | $106,230 | $51.07 |
| Computer Network Architect | $112,040 | $53.87 |
| Computer Network Support Specialist | $65,900 | $31.68 |
More: Computer and Mathematical Occupations · all salaries in Michigan
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 15-2011. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a actuary make in Michigan?
The median salary for actuaries in Michigan is $100,640 a year, or $48.38 an hour. Pay ranges from $65,240 for the lowest-paid 10% to $170,450 for the top 10%.
How much do the highest-paid actuaries make in Michigan?
The top 10% of actuaries in Michigan earn at least $170,450 a year. The top 25% earn $134,460 or more.
What is the starting pay for actuaries in Michigan?
Entry-level pay (the 10th percentile) is about $65,240 a year, and a quarter of actuaries earn $78,510 or less.
How many actuaries work in Michigan?
About 570 actuaries are employed in Michigan, not counting the self-employed.