Business & Finance Grand Rapids, MI
Pop. 198,917
Actuary Salary in Grand Rapids, Michigan
The median actuary salary in Grand Rapids, MI is $102,591 per year, which is 10% below the national median and 0.0% above the Michigan state average.
City Median
$102,591
vs State Avg
+$0
vs National
$-11,399
Cost of Living
90%
Actuary Salary in Grand Rapids by Experience
In Grand Rapids, an entry-level actuary earns around $63,000, while experienced professionals earn up to $157,500 per year. The local cost of living index is 90% of the national average.
Entry Level (0-2 yrs)
$63,000
$-7,000 vs national
Mid Level (3-7 yrs)
$103,500
$-11,500 vs national
Senior Level (8+ yrs)
$157,500
$-17,500 vs national
Salary Percentiles in Grand Rapids, MI
| Percentile | Grand Rapids |
|---|---|
| 10th Percentile | $61,560 |
| 25th Percentile | $78,480 |
| Median (50th) | $102,591 |
| 75th Percentile | $135,900 |
| 90th Percentile | $176,409 |
Actuary Salary in Other Michigan Cities
How to Become a Actuary in Grand Rapids
Education
Most actuary positions require a bachelor's degree. Grand Rapids 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 Grand Rapids may vary based on local industry and population growth.