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

Ann Arbor, MI
$119,690
Pop. 123,851
Grand Rapids, MI
$102,591
Pop. 198,917
Warren, MI
$100,311
Pop. 139,387
Lansing, MI
$98,031
Pop. 112,644

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.

Find Actuary Jobs in Detroit

Browse open actuary positions in Detroit, MI:

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Frequently Asked Questions: Actuary Salary in Detroit

How much does a Actuary make in Detroit, MI? ▼
The median actuary salary in Detroit, Michigan is $100,311 per year, which is 12% below the national median of $113,990. Salaries range from $60,192 (10th percentile) to $172,489 (90th percentile).
How much does a Actuary make per hour in Detroit? ▼
Based on the median annual salary of $100,311, a actuary in Detroit earns approximately $48 per hour assuming a standard 2,080-hour work year.
How does Detroit compare to the Michigan state average for actuary pay? ▼
Detroit's median actuary salary of $100,311 is 2.2% below the Michigan state average of $102,591. The local cost of living index is 88% of the national average.
What is the cost of living in Detroit, MI? ▼
Detroit has a cost of living index of 88% compared to the national average. This means a actuary salary of $100,311 in Detroit has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Detroit? ▼
Most actuary positions in Detroit 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.