Actuary Hourly Pay in Jackson, MI: $59.29 (2026)
Quick Answer:Hourly pay for a actuary working in Jackson, MI runs $59.29 at the median for 2026 — annualizing to $123,310 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Jackson's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $63.61 nationally would. A 24-hour part-time schedule grosses $73,992 per year.
Based on BLS state-level estimates · View source
In Jackson, Michigan, the estimated hourly pay for actuaries in 2026 is projected to reach $59.29. This figure is slightly below the national median of $64.50 per hour, signaling a unique market condition in this regional hub. For part-time actuaries working three days a week, the median hourly rate translates to an annual income higher than what might be expected in other fields; this flexible schedule allows professionals in roles such as actuarial pricing at insurance companies or consulting firms to balance work and personal commitments effectively. Entry-level positions may start around $36.10 per hour, while seasoned professionals can command up to $91.89 per hour, reflecting a significant divergence in pay as experience and expertise grow in the field.
About the Jackson 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) | $36.10 | $288.79 |
| Lower Range (P25) | $44.35 | $354.76 |
| Median (P50) | $59.29 | $474.31 |
| Upper Range (P75) | $75.50 | $604.01 |
| Top Earners (P90) | $91.89 | $735.11 |
Estimated Annual Income by Work Schedule in Jackson
Based on $59.29/hr median hourly rate · 2026 est.
At $59.29/hr, a actuary working full-time (40 hr/wk) in Jackson, MI can expect to earn approximately $123,320 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $71,146. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Jackson.
Hourly Rate Calculator
Schedule Comparison in Jackson
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,371.54 | $10,277 | $123,320 |
| Part-Time (24 hrs) | $1,422.92 | $6,166 | $73,992 |
| Per Diem (16 hrs) | $948.61 | $4,111 | $49,328 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Jackson) | $59.29 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Jackson, MI earn a median of $123,310 per year (2026 est.), which is 8.09% lower than the national median of $134,160 and 1.40% below the Michigan state average of $125,060.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $59.29/hr = $73,992/year (purchasing power: $79,390).
Working 40h/week (full-time) = $123,320/year (purchasing power: $132,317).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.88/hr
2025 BLS Actual
$57.45/hr
2026 Current Est.
$59.29/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Jackson (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.88/hr | Actual |
| 2020 | $49.07/hr | Actual |
| 2021 | $46.80/hr | Actual |
| 2022 | $50.37/hr | Actual |
| 2023 | $53.03/hr | Actual |
| 2024 | $53.03/hr | Actual |
| 2025 | $57.45/hr | Actual |
| 2026(current) | $59.29/hr | Estimated |
| 2027 | $61.19/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Jackson grew 20.0% from $47.88/hr (2019) to $57.45/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $61.19/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 Jackson 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 Jackson
Considering the dynamics of part-time and per-diem work, a three-day workweek for an actuary might yield roughly $74,043 annually, substantially less than a full-time income but sufficient for many. Per-diem roles are less common at the junior level, as more experienced actuaries—such as Fellows of the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS)—can often bill at rates ranging from $250 to $500 per hour for consulting engagements. Additionally, those engaged in expert witness testimony can secure rates from $400 to $800 per hour. Hourly compensation varies by employer type—life insurance firms like Prudential and MetLife tend to offer competitive packages, while property and casualty insurers like State Farm may have different pay scales. While some actuaries may opt for lower hourly rates with the benefit of health insurance, others prioritize higher pay, choosing positions that lack additional benefits. For those navigating employment contracts in Jackson, it’s advisable to evaluate total compensation versus hourly rate and negotiate terms accordingly.
More salary data for Jackson, 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 Jackson. 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 Jackson 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