Actuary Hourly Pay in Dearborn Heights, MI: $60.06 (2026)
Quick Answer:Hourly pay for a actuary working in Dearborn Heights, MI runs $60.06 at the median for 2026 — annualizing to $124,940 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Dearborn Heights's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $64.44 nationally would. A 24-hour part-time schedule grosses $74,958 per year.
Based on BLS state-level estimates · View source
In Dearborn Heights, the projected hourly pay for actuaries stands at $60.06, which is noticeably lower than the national median of $64.50. This figure translates into a potential income of approximately $75,000 annually for part-time actuaries working three days a week. Hourly rates for actuaries in this region range from $35.02 for entry-level professionals up to $93.11 for top earners. Typical work environments include insurance company actuarial pricing departments and consulting firms, where actuaries engage in critical client interactions or tackle remote modeling tasks. For professionals considering contract work, the hourly compensation can provide flexibility while allowing them to tailor their work-life balance.
About the Dearborn Heights 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) | $35.02 | $280.13 |
| Lower Range (P25) | $43.72 | $349.72 |
| Median (P50) | $60.06 | $480.50 |
| Upper Range (P75) | $76.88 | $615.07 |
| Top Earners (P90) | $93.11 | $744.86 |
Estimated Annual Income by Work Schedule in Dearborn Heights
Based on $60.06/hr median hourly rate · 2026 est.
At $60.06/hr, a actuary working full-time (40 hr/wk) in Dearborn Heights, MI can expect to earn approximately $124,930 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,075. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Dearborn Heights.
Hourly Rate Calculator
Schedule Comparison in Dearborn Heights
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,402.50 | $10,411 | $124,930 |
| Part-Time (24 hrs) | $1,441.50 | $6,246 | $74,958 |
| Per Diem (16 hrs) | $961.00 | $4,164 | $49,972 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Dearborn Heights) | $60.06 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Dearborn Heights, MI earn a median of $124,940 per year (2026 est.), which is 6.87% lower than the national median of $134,160 and 0.10% below the Michigan state average of $125,065.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $60.06/hr = $74,958/year (purchasing power: $80,427).
Working 40h/week (full-time) = $124,930/year (purchasing power: $134,045).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$48.51/hr
2025 BLS Actual
$58.20/hr
2026 Current Est.
$60.06/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Dearborn Heights (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.51/hr | Actual |
| 2020 | $49.71/hr | Actual |
| 2021 | $47.41/hr | Actual |
| 2022 | $51.03/hr | Actual |
| 2023 | $53.72/hr | Actual |
| 2024 | $53.73/hr | Actual |
| 2025 | $58.20/hr | Actual |
| 2026(current) | $60.06/hr | Estimated |
| 2027 | $61.98/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Dearborn Heights grew 20.0% from $48.51/hr (2019) to $58.20/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $61.98/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 Dearborn Heights 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 Dearborn Heights
For those contemplating part-time arrangements in Dearborn Heights, a 24-hour workweek would yield an estimated annual income of around $72,000, a significant difference from full-time earnings. While junior actuaries may find per-diem opportunities rare, seasoned professionals can command impressive rates, particularly in consulting roles, where billing may range from $250 to $500 an hour. Actuaries involved in expert testimony can expect to earn even more, ranging from $400 to $800 per hour. Different employer types in the city also influence compensation, as life insurance companies and health insurers may offer distinct benefits. While consulting firms typically provide higher hourly rates, they often come without the perks of full-time employment, such as health insurance. For actuaries looking to negotiate salaries in Dearborn Heights, understanding the specific demands and benefits associated with each employer type is critical for making informed decisions.
More salary data for Dearborn Heights, MI:
Frequently Asked Questions
What is the hourly rate for actuaries in Dearborn Heights in 2026?
How much do part-time actuaries make in Dearborn Heights?
Are actuaries in Dearborn Heights paid hourly or salary?
How much does a full-time actuary make per year in Dearborn Heights?
Do actuaries earn more per hour working part-time in Dearborn Heights?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Michigan
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 Dearborn Heights. 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 Dearborn Heights 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