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Actuaries in Michigan

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Actuaries in Michigan

Is Michigan a good place for you to work as an Actuary?

27.3% Jobs Projection
$80,350 Median Salary
40 Job Openings

You’re in luck! Jobs for Actuaries in Michigan are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Actuaries in Michigan is growing faster than average.

  • Actuaries in Michigan earn higher salaries than the typical U.S. wage earner.

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%.

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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.

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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

More about our data sources and methodologies.

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