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

Ann Arbor, MI
$119,690
Pop. 123,851
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 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.

Find Actuary Jobs in Grand Rapids

Browse open actuary positions in Grand Rapids, MI:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Grand Rapids

How much does a Actuary make in Grand Rapids, MI? ▼
The median actuary salary in Grand Rapids, Michigan is $102,591 per year, which is 10% below the national median of $113,990. Salaries range from $61,560 (10th percentile) to $176,409 (90th percentile).
How much does a Actuary make per hour in Grand Rapids? ▼
Based on the median annual salary of $102,591, a actuary in Grand Rapids earns approximately $49 per hour assuming a standard 2,080-hour work year.
How does Grand Rapids compare to the Michigan state average for actuary pay? ▼
Grand Rapids's median actuary salary of $102,591 is 0.0% above the Michigan state average of $102,591. The local cost of living index is 90% of the national average.
What is the cost of living in Grand Rapids, MI? ▼
Grand Rapids has a cost of living index of 90% compared to the national average. This means a actuary salary of $102,591 in Grand Rapids has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Grand Rapids? ▼
Most actuary positions in Grand Rapids 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.