Actuary Salary in Michigan
The median actuary salary in Michigan is $102,591 per year, which is 10% below the national median of $113,990.
Actuary Salary Overview in Michigan (2026)
Michigan ranks #36 out of 50 states for actuary compensation. Actuary salaries in Michigan are below the national median, though the lower cost of living can offset the difference. At $102,591 per year, actuarys in Michigan earn $11,399 less than the national median of $113,990.
A key advantage of working in Michigan is its below-average cost of living (90% of the national index). This means the $102,591 salary has the purchasing power of roughly $113,990 in an average-cost area.
The salary spread in Michigan is significant: actuarys at the 10th percentile earn $61,560, while those at the 90th percentile bring home $176,409 — a $114,849 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Michigan for this role is Ann Arbor, where the median reaches $119,690.
Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in Michigan and beyond.
Actuary Salary in Michigan by Experience
In Michigan, an entry-level actuary earns around $63,000, while experienced professionals earn up to $157,500 per year. The cost of living index in Michigan is 90% of the national average.
You May Qualify for Premium Rewards
Professionals earning $102,591+ often qualify for premium rewards cards with $500+ signup bonuses and 2–5% cashback on every purchase.
View Offers You Qualify For →Salary Percentiles in Michigan
| Percentile | MI Salary |
|---|---|
| 10th Percentile | $61,560 |
| 25th Percentile | $78,480 |
| Median (50th) | $102,591 |
| 75th Percentile | $135,900 |
| 90th Percentile | $176,409 |
Actuary Salary by City in Michigan
The largest employment areas for actuarys in Michigan include Detroit, Grand Rapids, Ann Arbor, and Warren. Salaries vary by city based on local cost of living and demand.
How to Become a Actuary in Michigan
Education
Most actuary positions require a bachelor's degree. Michigan has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Michigan
Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Michigan's demand may vary based on local industry trends.
Negotiate Your Way to Senior Pay
Data shows Actuarys who negotiate earn 7–15% more. A single negotiation could add $54,909 over your career trajectory.
Get Negotiation Scripts — $197 →Open to Actuary Roles in Michigan?
Get matched with recruiters hiring actuarys in Michigan at competitive salaries.
Or browse positions directly: