The average salary for an actuary in Michigan is around $80,350 per year.
Avg Salary
Actuaries earn an average yearly salary of $80,350.
Wages typically start from $55,630 and go up to $149,990.
47% above national average Updated in 2018
Actuary earnings by seniority
90th percentile
Top-level actuary earnings begin at:
$72.11 per hour
$149,990 per year
75th percentile
Senior-level actuary earnings begin at:
$56.09 per hour
$116,670 per year
50th percentile
Mid-level actuary earnings begin at:
$38.63 per hour
$80,350 per year
25th percentile
Junior-level actuary earnings begin at:
$30.65 per hour
$63,750 per year
10th percentile
Starting level actuary earnings begin at:
$26.75 per hour
$55,630 per year
Approximate values based on highest and lowest earning segments.
Actuary salary by state
| State Name | Average Salary |
|---|---|
| Iowa | $98,180 |
| Wisconsin | $97,180 |
| Ohio | $94,000 |
| Texas | $93,670 |
| Tennessee | $93,500 |
| Indiana | $93,010 |
| Maryland | $92,820 |
| Rhode Island | $92,730 |
| Oregon | $91,940 |
| Nevada | $91,040 |
| Idaho | $90,270 |
| Nebraska | $87,890 |
| Missouri | $84,500 |
| Arkansas | $81,110 |
| Michigan | $80,350 |
| Alabama | $80,346 |
| Vermont | $78,200 |
| Oklahoma | $76,140 |
| New Mexico | $70,120 |
| Puerto Rico | $53,490 |
| Utah | $52,830 |
| New York | $131,510 |
| District of Columbia | $126,060 |
| Washington | $124,610 |
| Pennsylvania | $117,252 |
| New Hampshire | $116,790 |
| Connecticut | $115,130 |
| Colorado | $114,660 |
| California | $114,290 |
| North Carolina | $110,510 |
| Mississippi | $109,140 |
| Illinois | $108,196 |
| Maine | $107,180 |
| Delaware | $107,100 |
| Georgia | $106,020 |
| New Jersey | $101,280 |
| Minnesota | $101,190 |
| Kansas | $101,120 |
| Massachusetts | $100,970 |
| Florida | $100,450 |
How do actuary salaries compare to similar careers?
Actuaries earn 7% less than similar careers in Michigan. On average, they make less than financial managers but more than statisticians.
| Career | Median Salary |
|---|---|
| Financial manager salary | $116K |
| Treasurer salary | $116K |
| Fundraising manager salary | $109K |
| Financial advisor salary | $73K |
| Investment fund manager salary | $95K |
| Actuary salary | $80K |
| Business analyst salary | $79K |
| Operations research analyst salary | $88K |
| Financial analyst salary | $78K |
| Statistician salary | $78K |
Source: CareerExplorer (Aggregated)