Actuary Salary in Michigan
Median annual pay in Michigan
$100,640
$48.38/hour
BLS OEWS, May 2025
Adjusted for cost of living in Michigan
$104,597
Regional Price Parity: 96.217 (U.S. = 100)
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Difference from the U.S. median ($130,000): −$29,360 (−22.6%)
Michigan ranks 35th of 36 states by median pay, and 35th of 36 after adjusting for cost of living.
Pay
| Annual | Hourly | |
|---|---|---|
| 10th percentile | $65,240 | $31.37 |
| 25th percentile | $78,510 | $37.75 |
| Median | $100,640 | $48.38 |
| 75th percentile | $134,460 | $64.64 |
| 90th percentile | $170,450 | $81.95 |
Employment
- Employment in Michigan
- 570
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Comparison
Compared with the U.S.
- Median annual pay in Michigan
- $100,640
- Median annual pay in the U.S.
- $130,000
- Difference
- −$29,360 (−22.6%)
Cost of living
$100,640 ÷ 96.217 × 100 = $104,597
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Ranking
| Rank | Median annual pay | Adjusted for cost of living (annual) |
|---|---|---|
| Nebraska | ||
| 33rd | $102,790 | $114,081 31st |
| Indiana | ||
| 34th | $100,690 | $107,887 34th |
| Michigan This page | ||
| 35th | $100,640 | $104,597 35th |
| Louisiana | ||
| 36th | $80,860 | $91,671 36th |
Similar occupations
Related occupations from O*NET, in O*NET's order, with their BLS median pay. Each figure shows the place it is for.
- Personal Financial Advisor salary in the U.S.
$105,070/year U.S.
- Financial Risk Specialist salary in the U.S.
$117,330/year U.S.
- Accountant and Auditor salary in Michigan
$78,820/year Michigan
- Economist salary in the U.S.
$124,720/year U.S.
- Insurance Underwriter salary in the U.S.
$81,370/year U.S.
- Statistical Assistant salary in the U.S.
$50,330/year U.S.
Outlook
- Projected employment change, 2025–35 (U.S.)
- +9.2%
- Typical education needed for entry (U.S.)
- Bachelor's degree
BLS publishes employment projections only for the U.S. as a whole. BLS Employment Projections, 2025–35
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Actuary salary in nearby places
- Actuary salary in Illinois
$115,430/year Illinois
- Actuary salary in Indiana
$100,690/year Indiana
- Actuary salary in Minnesota
$128,100/year Minnesota
- Actuary salary in Ohio
$110,980/year Ohio
- Actuary salary in Wisconsin
$131,640/year Wisconsin
- Actuary salary in the U.S.
$130,000/year U.S.
Sources and update
- Wages and employment: BLS Occupational Employment and Wage Statistics (OEWS), May 2025.
- Cost of living: BEA Regional Price Parities, 2024.
- Related occupations: O*NET® 31.0 Database, CC BY 4.0. Attributions
- Employment projections and typical education: BLS Employment Projections, 2025–35.
- Neighboring states: U.S. Census Bureau, County Adjacency File, 2024.
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