Actuary Hourly Pay in Inkster, MI: $57.80 (2026)
Quick Answer:Hourly pay for a actuary working in Inkster, MI runs $57.80 at the median for 2026 — annualizing to $120,238 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Inkster's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $62.02 nationally would. A 24-hour part-time schedule grosses $72,137 per year.
Based on BLS state-level estimates · View source
In Inkster, Michigan, the actuary hourly pay stands at a median of $57.80, which is noticeably lower than the national median of $64.50. For part-time actuaries working three days a week, typically totaling around 24 hours, this translates to an annual income of approximately $45,158, albeit without the benefits that full-time positions offer. The per diem actuary pay in Inkster can range based on experience and complexity of work, with entry-level roles starting around $37.13 per hour while seasoned professionals may command as much as $89.60 per hour. Many actuaries in Inkster hold positions in insurance companies, consulting firms, and reinsurance sectors, where hourly rates reflect the diversity of expertise and the complexity of the tasks at hand.
About the Inkster 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) | $37.13 | $297.05 |
| Lower Range (P25) | $44.39 | $355.09 |
| Median (P50) | $57.80 | $462.42 |
| Upper Range (P75) | $73.99 | $591.96 |
| Top Earners (P90) | $89.60 | $716.79 |
Estimated Annual Income by Work Schedule in Inkster
Based on $57.80/hr median hourly rate · 2026 est.
At $57.80/hr, a actuary working full-time (40 hr/wk) in Inkster, MI can expect to earn approximately $120,229 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $69,363. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Inkster.
Hourly Rate Calculator
Schedule Comparison in Inkster
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,312.09 | $10,019 | $120,229 |
| Part-Time (24 hrs) | $1,387.26 | $6,011 | $72,137 |
| Per Diem (16 hrs) | $924.84 | $4,008 | $48,092 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Inkster) | $57.80 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Inkster, MI earn a median of $120,238 per year (2026 est.), which is 10.38% lower than the national median of $134,160 and 3.80% below the Michigan state average of $124,988.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $57.80/hr = $72,137/year (purchasing power: $77,401).
Working 40h/week (full-time) = $120,229/year (purchasing power: $129,001).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$46.68/hr
2025 BLS Actual
$56.01/hr
2026 Current Est.
$57.80/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Inkster (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $46.68/hr | Actual |
| 2020 | $47.84/hr | Actual |
| 2021 | $45.63/hr | Actual |
| 2022 | $49.11/hr | Actual |
| 2023 | $51.70/hr | Actual |
| 2024 | $51.71/hr | Actual |
| 2025 | $56.01/hr | Actual |
| 2026(current) | $57.80/hr | Estimated |
| 2027 | $59.65/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Inkster grew 20.0% from $46.68/hr (2019) to $56.01/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $59.65/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 Inkster 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 Inkster
The potential for different earnings structures exists within the actuary profession, particularly concerning part-time and per-diem work arrangements. For those considering a 3-day work week, the estimate of $45,158 annually signals a significant trade-off compared to full-time earnings. In contrast, seasoned consultants with FSA or FCAS credentials can charge $250 to $500 per hour for advisory services, with expert witness engagements reaching between $400 and $800 per hour, highlighting how specialization and credentials significantly impact pay rates. Employers in Inkster span various sectors—ranging from life and health insurance firms to consulting powerhouses—each with their unique pay scales, often influenced by whether they offer health benefits that may justify lower hourly rates. Negotiating hourly rates effectively in this region may involve illustrating not just your experience but also the value you bring to the firm, especially in a competitive market like MI where actuarial talent is in demand.
More salary data for Inkster, MI:
Frequently Asked Questions
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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 Inkster. 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 Inkster 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