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.

Find Actuary Jobs in Ann Arbor

Browse open actuary positions in Ann Arbor, MI:

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Frequently Asked Questions: Actuary Salary in Ann Arbor

How much does a Actuary make in Ann Arbor, MI? ▼
The median actuary salary in Ann Arbor, Michigan is $119,690 per year, which is 5.0% above the national median of $113,990. Salaries range from $71,820 (10th percentile) to $205,811 (90th percentile).
How much does a Actuary make per hour in Ann Arbor? ▼
Based on the median annual salary of $119,690, a actuary in Ann Arbor earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Ann Arbor compare to the Michigan state average for actuary pay? ▼
Ann Arbor's median actuary salary of $119,690 is 16.7% above the Michigan state average of $102,591. The local cost of living index is 105% of the national average.
What is the cost of living in Ann Arbor, MI? ▼
Ann Arbor has a cost of living index of 105% compared to the national average. This means a actuary salary of $119,690 in Ann Arbor has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Ann Arbor? ▼
Most actuary positions in Ann Arbor require a bachelor's degree. Key skills include Statistical Modeling, Risk Assessment, Financial Mathematics, Excel/VBA. The job market is projected to grow 21% nationally over the next decade.