The average salary for an actuary in Michigan is around $100,640 per year.
Avg Salary
Actuaries earn an average yearly salary of $100,640.
Wages typically start from $65,240 and go up to $170,450.
58% above national average Updated in 2025
Actuary earnings by seniority
90th percentile
Top-level actuary earnings begin at:
$81.95 per hour
$170,450 per year
75th percentile
Senior-level actuary earnings begin at:
$64.64 per hour
$134,460 per year
50th percentile
Mid-level actuary earnings begin at:
$48.38 per hour
$100,640 per year
25th percentile
Junior-level actuary earnings begin at:
$37.75 per hour
$78,510 per year
10th percentile
Starting level actuary earnings begin at:
$31.37 per hour
$65,240 per year
Approximate values based on highest and lowest earning segments.
Actuary salary by state
| State Name | Average Salary |
|---|---|
| Idaho | $90,270 |
| Arkansas | $81,110 |
| Louisiana | $80,860 |
| Vermont | $78,200 |
| New Mexico | $70,120 |
| Puerto Rico | $53,490 |
| Connecticut | $166,800 |
| District of Columbia | $166,230 |
| New York | $156,480 |
| New Jersey | $142,800 |
| Alabama | $136,950 |
| Arizona | $135,870 |
| Washington | $134,720 |
| Utah | $132,720 |
| Nevada | $132,370 |
| Florida | $132,110 |
| Virginia | $131,900 |
| Wisconsin | $131,640 |
| California | $130,510 |
| Oregon | $130,380 |
| Missouri | $129,220 |
| North Carolina | $128,730 |
| Iowa | $128,690 |
| Minnesota | $128,100 |
| Maryland | $126,950 |
| Massachusetts | $126,040 |
| Pennsylvania | $125,040 |
| Kansas | $125,010 |
| Colorado | $120,440 |
| Kentucky | $120,400 |
| Maine | $119,620 |
| New Hampshire | $116,790 |
| Illinois | $115,430 |
| Rhode Island | $111,090 |
| Ohio | $110,980 |
| Oklahoma | $109,760 |
| Tennessee | $108,930 |
| Delaware | $107,100 |
| Mississippi | $106,210 |
| Georgia | $106,020 |
| Texas | $105,020 |
| Nebraska | $102,790 |
| Indiana | $100,690 |
| Michigan | $100,640 |
How do actuary salaries compare to similar careers?
Actuaries earn 8% less than similar careers in Michigan. On average, they make less than financial managers but more than securities and commodities brokers.
| Career | Median Salary |
|---|---|
| Financial manager salary | $139K |
| Investment fund manager salary | $134K |
| Fundraising manager salary | $113K |
| Financial advisor salary | $78K |
| Statistician salary | $103K |
| Actuary salary | $101K |
| Financial analyst salary | $95K |
| Budget analyst salary | $96K |
| Business analyst salary | $94K |
| Securities and commodities broker salary | $73K |
Source: CareerExplorer (Aggregated)