Business & Finance Ann Arbor, MI Pop. 123,851

Actuary Salary in Ann Arbor, Michigan

The median actuary salary in Ann Arbor, MI is $119,690 per year, which is 5.0% above the national median and 16.7% above the Michigan state average.

City Median
$119,690
vs State Avg
+$17,099
vs National
+$5,700
Cost of Living
105%

Actuary Salary in Ann Arbor by Experience

In Ann Arbor, an entry-level actuary earns around $73,500, while experienced professionals earn up to $183,750 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$73,500
+$3,500 vs national
Mid Level (3-7 yrs)
$120,750
+$5,750 vs national
Senior Level (8+ yrs)
$183,750
+$8,750 vs national

Salary Percentiles in Ann Arbor, MI

Percentile Ann Arbor
10th Percentile $71,820
25th Percentile $91,560
Median (50th) $119,690
75th Percentile $158,550
90th Percentile $205,811

Actuary Salary in Other Michigan Cities

Grand Rapids, MI
$102,591
Pop. 198,917
Detroit, MI
$100,311
Pop. 639,111
Warren, MI
$100,311
Pop. 139,387
Lansing, MI
$98,031
Pop. 112,644

How to Become a Actuary in Ann Arbor

Education

Most actuary positions require a bachelor's degree. Ann Arbor and the surrounding Michigan area have institutions offering relevant programs.

Key Skills

Statistical ModelingRisk AssessmentFinancial MathematicsExcel/VBASQLActuarial Exams

Job Outlook

Nationally, actuary employment is projected to grow 21% over the next decade (much faster than average). Demand in Ann Arbor may vary based on local industry and population growth.