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Actuaries Salary in Michigan
Last updated: 2025 BLS data · Page refreshed:
How much do Actuaries make in Michigan?
Last updated: 2025 data from the Bureau of Labor Statistics
$100,640
Median Annual Salary
▼
-4.8% vs 2024
$108,630
Mean Salary
$100,640
Median Salary
$48.38
Hourly Rate
570 people work as Actuaries in Michigan
Actuaries salary by percentile in Michigan
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Actuaries in Michigan earn a median salary of $100,640 per year ($8,386/month).
This is 19.3% below the national average of $124,781.
Michigan ranks #35 out of 36 states for Actuaries pay.
Approximately 570 people work in this occupation across Michigan.
Salaries decreased by 4.8% compared to 2024.
About This Job: Actuaries
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.
Top Skills
Reading Comprehension
4.25
Mathematics
4.25
Critical Thinking
4.25
Judgment and Decision Making
4.25
Active Listening
4.0
Key Knowledge Areas
Mathematics
4.93
Computers and Electronics
3.96
Economics and Accounting
3.78
English Language
3.7
Law and Government
3.0
Typical Education: Bachelor's Degree
(78.6% of workers)
Salaries for Actuaries in Michigan range from $65,240 at the 10th percentile (entry level) to $170,450 at the 90th percentile (experienced). The middle 50% earn between $78,510 and $134,460.
The median annual salary for Actuaries in Michigan is $100,640 as of 2025. The average (mean) salary is $108,630.
What is the salary range for a Actuaries in Michigan?
Salaries for Actuaries in Michigan range from $65,240 at the 10th percentile to $170,450 at the 90th percentile. The middle 50% earn between $78,510 and $134,460.
What is the starting salary for a Actuaries in Michigan?
Entry-level Actuaries positions in Michigan typically start around $65,240 (10th percentile). With some experience, salaries rise to $78,510 (25th percentile).
How many people work as Actuaries in Michigan?
According to 2025 BLS data, approximately 570 people are employed as Actuaries in Michigan.
What is the hourly rate for a Actuaries in Michigan?
Based on a standard 2,080-hour work year, the median hourly rate for a Actuaries in Michigan is approximately $48.38 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 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.
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