Business & Finance Detroit, MI
Pop. 639,111
Actuary Salary in Detroit, Michigan
The median actuary salary in Detroit, MI is $100,311 per year, which is 12% below the national median and 2.2% below the Michigan state average.
City Median
$100,311
vs State Avg
$-2,280
vs National
$-13,679
Cost of Living
88%
Actuary Salary in Detroit by Experience
In Detroit, an entry-level actuary earns around $61,600, while experienced professionals earn up to $154,000 per year. The local cost of living index is 88% of the national average.
Entry Level (0-2 yrs)
$61,600
$-8,400 vs national
Mid Level (3-7 yrs)
$101,200
$-13,800 vs national
Senior Level (8+ yrs)
$154,000
$-21,000 vs national
Salary Percentiles in Detroit, MI
| Percentile | Detroit |
|---|---|
| 10th Percentile | $60,192 |
| 25th Percentile | $76,736 |
| Median (50th) | $100,311 |
| 75th Percentile | $132,880 |
| 90th Percentile | $172,489 |
Actuary Salary in Other Michigan Cities
How to Become a Actuary in Detroit
Education
Most actuary positions require a bachelor's degree. Detroit 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 Detroit may vary based on local industry and population growth.