Business & Finance Lansing, MI Pop. 112,644

Actuary Salary in Lansing, Michigan

The median actuary salary in Lansing, MI is $98,031 per year, which is 14% below the national median and 4.4% below the Michigan state average.

City Median
$98,031
vs State Avg
$-4,560
vs National
$-15,959
Cost of Living
86%

Actuary Salary in Lansing by Experience

In Lansing, an entry-level actuary earns around $60,200, while experienced professionals earn up to $150,500 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$60,200
$-9,800 vs national
Mid Level (3-7 yrs)
$98,900
$-16,100 vs national
Senior Level (8+ yrs)
$150,500
$-24,500 vs national

Salary Percentiles in Lansing, MI

Percentile Lansing
10th Percentile $58,824
25th Percentile $74,992
Median (50th) $98,031
75th Percentile $129,860
90th Percentile $168,569

Actuary Salary in Other Michigan Cities

Ann Arbor, MI
$119,690
Pop. 123,851
Grand Rapids, MI
$102,591
Pop. 198,917
Detroit, MI
$100,311
Pop. 639,111
Warren, MI
$100,311
Pop. 139,387

How to Become a Actuary in Lansing

Education

Most actuary positions require a bachelor's degree. Lansing 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 Lansing may vary based on local industry and population growth.

Find Actuary Jobs in Lansing

Browse open actuary positions in Lansing, MI:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Actuary Salary in Lansing

How much does a Actuary make in Lansing, MI? ▼
The median actuary salary in Lansing, Michigan is $98,031 per year, which is 14% below the national median of $113,990. Salaries range from $58,824 (10th percentile) to $168,569 (90th percentile).
How much does a Actuary make per hour in Lansing? ▼
Based on the median annual salary of $98,031, a actuary in Lansing earns approximately $47 per hour assuming a standard 2,080-hour work year.
How does Lansing compare to the Michigan state average for actuary pay? ▼
Lansing's median actuary salary of $98,031 is 4.4% below the Michigan state average of $102,591. The local cost of living index is 86% of the national average.
What is the cost of living in Lansing, MI? ▼
Lansing has a cost of living index of 86% compared to the national average. This means a actuary salary of $98,031 in Lansing has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a actuary in Lansing? ▼
Most actuary positions in Lansing 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.