Actuary Hourly Pay in Romulus, MI: $55.59 (2026)
Quick Answer:Hourly pay for a actuary working in Romulus, MI runs $55.59 at the median for 2026 — annualizing to $115,630 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Romulus's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $59.65 nationally would. A 24-hour part-time schedule grosses $69,381 per year.
Based on BLS state-level estimates · View source
Actuaries in Romulus, MI, are projected to earn a median hourly rate of $55.59 in 2026, which noticeably lags behind the national hourly median of $64.50. This pay level can significantly influence those considering part-time or per-diem actuarial positions, commonly found in various settings such as insurance company actuarial pricing departments and consulting firms. With an hourly range extending from approximately $36.79 at the entry-level to $86.17 for more experienced actuaries, there's a notable disparity that could affect job satisfaction and lifestyle choices. The lower cost of living index in Romulus (93.2) may slightly offset these wage differences, making the regional market more appealing to some professionals looking for flexible work arrangements.
About the Romulus 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) | $36.79 | $294.33 |
| Lower Range (P25) | $43.42 | $347.33 |
| Median (P50) | $55.59 | $444.75 |
| Upper Range (P75) | $70.81 | $566.44 |
| Top Earners (P90) | $86.17 | $689.38 |
Estimated Annual Income by Work Schedule in Romulus
Based on $55.59/hr median hourly rate · 2026 est.
At $55.59/hr, a actuary working full-time (40 hr/wk) in Romulus, MI can expect to earn approximately $115,635 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $66,713. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Romulus.
Hourly Rate Calculator
Schedule Comparison in Romulus
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,223.75 | $9,636 | $115,635 |
| Part-Time (24 hrs) | $1,334.25 | $5,782 | $69,381 |
| Per Diem (16 hrs) | $889.50 | $3,855 | $46,254 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Romulus) | $55.59 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Romulus, MI earn a median of $115,630 per year (2026 est.), which is 13.81% lower than the national median of $134,160 and 7.50% below the Michigan state average of $125,006.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $55.59/hr = $69,381/year (purchasing power: $74,443).
Working 40h/week (full-time) = $115,635/year (purchasing power: $124,072).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$44.90/hr
2025 BLS Actual
$53.87/hr
2026 Current Est.
$55.59/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Romulus (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $44.90/hr | Actual |
| 2020 | $46.01/hr | Actual |
| 2021 | $43.88/hr | Actual |
| 2022 | $47.24/hr | Actual |
| 2023 | $49.73/hr | Actual |
| 2024 | $49.72/hr | Actual |
| 2025 | $53.87/hr | Actual |
| 2026(current) | $55.59/hr | Estimated |
| 2027 | $57.37/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Romulus grew 20.0% from $44.90/hr (2019) to $53.87/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $57.37/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 Romulus 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 Romulus
Evaluating the earning potential further, a part-time actuary putting in three days a week, or 24 hours, can expect an annual take-home pay significantly lower than a full-time counterpart. While part-time roles offer flexibility, they may limit overall earnings in the actuarial field, where consulting engagements for Fellow of the Society of Actuaries (FSA) and Fellow of the Casualty Actuarial Society (FCAS) credentials can command between $250 and $500 per hour. Working as a per-diem actuary in Romulus, while uncommon at junior levels, could present a lucrative opportunity for credentialed professionals who are willing to navigate a 1099 structure. Companies in life insurance, health care, and property & casualty sectors pay varied hourly rates based on skills and experience. The decision between accepting a lower hourly pay for positions with benefits versus higher pay without can hinge on personal circumstances. Actuaries in this area can optimize their negotiations by researching local trends and understanding what particular companies offer in terms of benefits and hourly compensation.
More salary data for Romulus, 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 Romulus. 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 Romulus 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