Actuary Hourly Pay in Lincoln Park, MI: $59.33 (2026)
Quick Answer:Hourly pay for a actuary working in Lincoln Park, MI runs $59.33 at the median for 2026 — annualizing to $123,416 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Lincoln Park's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $63.66 nationally would. A 24-hour part-time schedule grosses $74,043 per year.
Based on BLS state-level estimates · View source
In Lincoln Park, Michigan, the actuary hourly pay stands at a median of $59.33, which is notably lower than the national hourly median of $64.50. This rate presents both opportunities and challenges for part-time actuaries, especially those seeking work in actuarial pricing departments, consulting firms, or client-focused roles within reinsurance and pension plans. For example, part-time work at three days a week, roughly amounting to 24 hours, allows for flexible scheduling without committing to a full-time position. The hourly range for actuaries in the area spans from $36.46 for entry-level positions to $91.97 for seasoned professionals, indicating that a diverse range of roles exists within the market, albeit reflective of the overall regional compensation metrics compared to the broader national averages.
About the Lincoln Park 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) | $36.46 | $291.68 |
| Lower Range (P25) | $44.44 | $355.50 |
| Median (P50) | $59.33 | $474.64 |
| Upper Range (P75) | $75.64 | $605.08 |
| Top Earners (P90) | $91.97 | $735.77 |
Estimated Annual Income by Work Schedule in Lincoln Park
Based on $59.33/hr median hourly rate · 2026 est.
At $59.33/hr, a actuary working full-time (40 hr/wk) in Lincoln Park, MI can expect to earn approximately $123,406 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $71,196. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Lincoln Park.
Hourly Rate Calculator
Schedule Comparison in Lincoln Park
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,373.19 | $10,284 | $123,406 |
| Part-Time (24 hrs) | $1,423.91 | $6,170 | $74,043 |
| Per Diem (16 hrs) | $949.27 | $4,114 | $49,362 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Lincoln Park) | $59.33 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Lincoln Park, MI earn a median of $123,416 per year (2026 est.), which is 8.01% lower than the national median of $134,160 and 1.30% below the Michigan state average of $125,041.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $59.33/hr = $74,043/year (purchasing power: $79,446).
Working 40h/week (full-time) = $123,406/year (purchasing power: $132,410).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.92/hr
2025 BLS Actual
$57.49/hr
2026 Current Est.
$59.33/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Lincoln Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.92/hr | Actual |
| 2020 | $49.10/hr | Actual |
| 2021 | $46.83/hr | Actual |
| 2022 | $50.41/hr | Actual |
| 2023 | $53.07/hr | Actual |
| 2024 | $53.07/hr | Actual |
| 2025 | $57.49/hr | Actual |
| 2026(current) | $59.33/hr | Estimated |
| 2027 | $61.23/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Lincoln Park grew 20.0% from $47.92/hr (2019) to $57.49/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $61.23/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 Lincoln Park 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 Lincoln Park
Part-time actuaries earning $59.33 per hour would take home approximately $46,354 annually, which is substantially lower than full-time counterparts with higher earning potential. Engaging in per-diem or agency-based roles in Lincoln Park provides different dynamics, as full-time employment often offers vital benefits that may be absent in higher-paying consulting gigs or contract work. Senior actuaries, particularly those with Fellowship credentials (FSA/FCAS), could command between $250 and $500 per hour for specialized consulting or expert testimony, attracting them to such per-diem roles despite their rarity at junior levels. Additionally, actuaries employed by various sectors—life insurance, health managed care, and property and casualty—experience different compensation structures, which involve weighing immediate hourly rates against long-term benefits like health insurance. For those considering part-time positions, negotiation strategies become key, and understanding the employer's needs can help shape discussions around pay and benefits that meet both parties' expectations effectively.
More salary data for Lincoln Park, 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 Lincoln Park. 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 Lincoln Park 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