Actuaries in Michigan
Is Michigan a good place for you to work as an Actuary?
You’re in luck! Jobs for Actuaries in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Actuaries in Michigan is growing faster than average.
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Actuaries in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Actuaries Work in Michigan?
There were 550 Actuaries employed in this state in 2017.
Job Projections for Michigan
Jobs for Actuaries in this state are growing at a rate of 27.3% which is faster than the nationwide estimated projection of 22.5%.
Michigan Annual Job Openings
The BLS estimates there will be 40 annual job openings, and 560 total jobs in 2026 for Actuaries in this state.
Nationwide, the prediction is 2,100 annual jobs and 28,900 total jobs in 2026.
What do Actuaries Make in Michigan?
In 2018 wages for Actuaries ranged from $55,630 to $149,990 with $80,350 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $26.75 to $72.11. The median hourly rate was $38.63.
Workers in this field were paid a median of $37.16 an hour in 2017.
The hourly rate grew by $1.47.
The median salary in Michigan is higher than the nationwide median salary.
Top Michigan Metros for Actuaries
The table below shows some of the metros in this state with the most Actuaries.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Grand Rapids-Wyoming, MI | 110 | $78,550 |
Top States for Actuaries Employment
View the list below to see where most Actuaries work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| New York | 2,320 | $131,510 |
| Illinois | 1,950 | $98,810 |
| Pennsylvania | 1,610 | $103,870 |
| Ohio | 1,560 | $94,000 |
| California | 1,410 | $114,290 |
| Massachusetts | 1,260 | $100,970 |
| Texas | 1,000 | $93,670 |
| Connecticut | 980 | $115,130 |
| Wisconsin | 690 | $97,180 |
| Florida | 600 | $100,450 |
| New Jersey | 540 | $101,280 |
| Iowa | 530 | $98,180 |
| Minnesota | 520 | $101,190 |
| Maryland | 470 | $92,820 |
| Nebraska | 390 | $87,890 |
| Missouri | 380 | $84,500 |
| Washington | 360 | $124,610 |
| Kansas | 330 | $101,120 |
| North Carolina | 230 | $110,510 |
| Indiana | 210 | $93,010 |
Below are the states where Actuaries get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $131,510 |
| District of Columbia | $126,060 |
| Washington | $124,610 |
| New Hampshire | $116,790 |
| Connecticut | $115,130 |
| Colorado | $114,660 |
| California | $114,290 |
| North Carolina | $110,510 |
| Mississippi | $109,140 |
| Maine | $107,180 |
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By QWFP under License
More about our data sources and methodologies.
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