How much does a Actuaries make in Michigan?
Last updated: 2024 data from the Bureau of Labor Statistics
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.
Source: O*NET OnLine, U.S. Department of Labor
Salaries for Actuaries in Michigan range from $63,320 at the 10th percentile (entry level) to $169,350 at the 90th percentile (experienced). The middle 50% earn between $78,520 and $144,770.
| Percentile | Annual Salary | Hourly Rate | Monthly |
|---|---|---|---|
| 10th Percentile (Entry Level) | $63,320 | $30.44 | $5,276 |
| 25th Percentile | $78,520 | $37.75 | $6,543 |
| Median (50th) | $105,750 | $50.84 | $8,812 |
| 75th Percentile | $144,770 | $69.60 | $12,064 |
| 90th Percentile (Experienced) | $169,350 | $81.42 | $14,112 |
Note: The mean (average) salary of $112,140 differs from the median because salary distributions are typically skewed by high earners.
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What does this salary really buy? See Actuaries salary in Michigan adjusted for cost of living →
Compare Actuaries pay across states — sorted by highest median salary.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
Our Methodology · Data Sources · Source: BLS OEWS