The average salary for an actuary in Michigan is around $80,130 per year.
Avg Salary
Actuaries earn an average yearly salary of $80,130.
Wages typically start from $60,980 and go up to $130,360.
36% above national average Updated in 2021
Actuary earnings by seniority
90th percentile
Top-level actuary earnings begin at:
$62.67 per hour
$130,360 per year
75th percentile
Senior-level actuary earnings begin at:
$49.33 per hour
$102,610 per year
50th percentile
Mid-level actuary earnings begin at:
$38.52 per hour
$80,130 per year
25th percentile
Junior-level actuary earnings begin at:
$30.20 per hour
$62,810 per year
10th percentile
Starting level actuary earnings begin at:
$29.32 per hour
$60,980 per year
Approximate values based on highest and lowest earning segments.
Actuary salary by state
| State Name | Average Salary |
|---|---|
| Kansas | $99,860 |
| Ohio | $99,590 |
| Iowa | $99,340 |
| South Carolina | $99,040 |
| Arkansas | $98,200 |
| Colorado | $95,820 |
| Arizona | $91,620 |
| Nevada | $91,040 |
| Idaho | $80,290 |
| Oklahoma | $80,290 |
| Rhode Island | $80,290 |
| Michigan | $80,130 |
| Tennessee | $76,510 |
| New Mexico | $70,120 |
| Puerto Rico | $62,400 |
| Utah | $53,310 |
| Georgia | $235,310 |
| Vermont | $140,620 |
| District of Columbia | $138,860 |
| New Hampshire | $131,300 |
| New York | $131,250 |
| Connecticut | $129,800 |
| Florida | $129,320 |
| Massachusetts | $127,370 |
| North Carolina | $122,030 |
| New Jersey | $120,710 |
| California | $118,370 |
| Indiana | $116,480 |
| Alabama | $110,940 |
| Minnesota | $110,010 |
| Mississippi | $109,140 |
| Missouri | $108,970 |
| Delaware | $107,100 |
| Washington | $103,100 |
| Maine | $103,010 |
| Wisconsin | $103,010 |
| Nebraska | $102,600 |
| Illinois | $101,510 |
| Maryland | $101,510 |
| Oregon | $101,140 |
| Texas | $101,140 |
| Pennsylvania | $100,610 |
How do actuary salaries compare to similar careers?
Actuaries earn about the same as related careers in Michigan. On average, they make less than investment fund managers but more than consultants.
| Career | Median Salary |
|---|---|
| Investment fund manager salary | $101K |
| Financial advisor salary | $78K |
| Statistician salary | $80K |
| Loan officer salary | $77K |
| Business analyst salary | $80K |
| Actuary salary | $80K |
| Financial analyst salary | $79K |
| Operations research analyst salary | $78K |
| Talent agent salary | $62K |
| Consultant salary | $79K |
Source: CareerExplorer (Aggregated)