Actuary Hourly Pay in Bay City, MI: $59.67 (2026)
Quick Answer:Hourly pay for a actuary working in Bay City, MI runs $59.67 at the median for 2026 — annualizing to $124,124 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Bay City's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $64.02 nationally would. A 24-hour part-time schedule grosses $74,468 per year.
Based on BLS state-level estimates · View source
In Bay City, Michigan, the projected hourly pay for actuaries in 2026 stands at $59.67, which is notably lower than the national median of $64.50. This hourly rate indicates that actuaries working part-time, such as those drawing a paycheck for three days a week, can expect a competitive compensation even in a reduced schedule. For professionals engaged in per-diem work or remote projects for consulting firms or insurance companies, the hourly rate offers flexibility while still remaining attractive. The hourly range for entry-level actuaries in Bay City starts at $37.24, with top earners reaching up to $92.50, reflecting the diverse opportunities in areas such as actuarial pricing departments, pension plan consultations, and hybrid remote modeling roles. Such figures are derived from annual salary estimates, providing a useful frame of reference for understanding hourly compensation dynamics.
About the Bay City Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $37.24 | $297.96 |
| Lower Range (P25) | $45.12 | $360.95 |
| Median (P50) | $59.67 | $477.36 |
| Upper Range (P75) | $76.39 | $611.11 |
| Top Earners (P90) | $92.50 | $739.99 |
Estimated Annual Income by Work Schedule in Bay City
Based on $59.67/hr median hourly rate · 2026 est.
At $59.67/hr, a actuary working full-time (40 hr/wk) in Bay City, MI can expect to earn approximately $124,114 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $71,604. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Bay City.
Hourly Rate Calculator
Schedule Comparison in Bay City
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,386.81 | $10,343 | $124,114 |
| Part-Time (24 hrs) | $1,432.09 | $6,206 | $74,468 |
| Per Diem (16 hrs) | $954.72 | $4,137 | $49,646 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Bay City) | $59.67 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Bay City, MI earn a median of $124,124 per year (2026 est.), which is 7.48% lower than the national median of $134,160 and 0.70% below the Michigan state average of $124,999.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $59.67/hr = $74,468/year (purchasing power: $79,902).
Working 40h/week (full-time) = $124,114/year (purchasing power: $133,170).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$48.19/hr
2025 BLS Actual
$57.82/hr
2026 Current Est.
$59.67/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Bay City (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.19/hr | Actual |
| 2020 | $49.38/hr | Actual |
| 2021 | $47.10/hr | Actual |
| 2022 | $50.70/hr | Actual |
| 2023 | $53.37/hr | Actual |
| 2024 | $53.38/hr | Actual |
| 2025 | $57.82/hr | Actual |
| 2026(current) | $59.67/hr | Estimated |
| 2027 | $61.58/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Bay City grew 20.0% from $48.19/hr (2019) to $57.82/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $61.58/hr by 2027. Part-time and per-diem actuaries can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bay City metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Actuary in Bay City
Considering the earnings potential, a part-time actuary in Bay City, working 24 hours a week, could realistically bring in around $74,244 annually, showing that even on a reduced schedule, the profession offers significant earning power. In contrast, full-time actuaries typically earn considerably more due to increased hours, painting a vivid picture of how the industry operates. Per-diem actuarial opportunities are particularly valuable for experienced professionals, especially those with Fellowship credentials, as consulting and expert witness work can garner rates between $250 and $800 an hour, depending on the engagement type. Various employer types significantly influence hourly compensation; while life insurance firms may offer a stable hourly rate, consulting firms often pay a premium for skilled FSAs and FCAS. This balance between hourly pay and benefits leads some in the field to favor lower hourly wages at firms with health insurance over higher remuneration without additional perks. For those in Bay City negotiating their hourly rate, showcasing relevant skills such as advanced analytics can enhance leverage in discussions with potential employers.
More salary data for Bay City, MI:
Frequently Asked Questions
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Related Pages
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for actuaries in Bay City. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Bay City is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov