Actuary Hourly Pay in Troy, MI: $60.49 (2026)
Quick Answer:Hourly pay for a actuary working in Troy, MI runs $60.49 at the median for 2026 — annualizing to $125,812 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Troy's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $64.90 nationally would. A 24-hour part-time schedule grosses $75,486 per year.
Based on BLS state-level estimates · View source
In Troy, Michigan, actuaries earn a median hourly rate of $60.49, which is slightly below the national median hourly figure of $64.50. This pay reflects the considerable expertise required in this profession and is indicative of the opportunities available in insurance companies, consulting firms, and reinsurance groups. For those working part-time, averaging three days a week, this hourly rate translates to a decent income, making it viable for many professionals who may also balance other commitments. Entry-level actuaries in this city might start with an hourly rate around $35.94, while experienced actuaries can see their pay soar to $93.76 an hour at the upper ranges of the market. All hourly rates are derived from annual salary estimates, painting a clear picture of earning potential across different experience levels.
About the Troy 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) | $35.94 | $287.56 |
| Lower Range (P25) | $44.53 | $356.25 |
| Median (P50) | $60.49 | $483.88 |
| Upper Range (P75) | $77.42 | $619.37 |
| Top Earners (P90) | $93.76 | $750.06 |
Estimated Annual Income by Work Schedule in Troy
Based on $60.49/hr median hourly rate · 2026 est.
At $60.49/hr, a actuary working full-time (40 hr/wk) in Troy, MI can expect to earn approximately $125,810 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,583. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Troy.
Hourly Rate Calculator
Schedule Comparison in Troy
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,419.42 | $10,484 | $125,810 |
| Part-Time (24 hrs) | $1,451.65 | $6,290 | $75,486 |
| Per Diem (16 hrs) | $967.77 | $4,194 | $50,324 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Troy) | $60.49 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Troy, MI earn a median of $125,812 per year (2026 est.), which is 6.22% lower than the national median of $134,160 and 0.60% above the Michigan state average of $125,062.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $60.49/hr = $75,486/year (purchasing power: $80,993).
Working 40h/week (full-time) = $125,810/year (purchasing power: $134,989).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$48.85/hr
2025 BLS Actual
$58.61/hr
2026 Current Est.
$60.49/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Troy (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $48.85/hr | Actual |
| 2020 | $50.06/hr | Actual |
| 2021 | $47.74/hr | Actual |
| 2022 | $51.39/hr | Actual |
| 2023 | $54.10/hr | Actual |
| 2024 | $54.10/hr | Actual |
| 2025 | $58.61/hr | Actual |
| 2026(current) | $60.49/hr | Estimated |
| 2027 | $62.42/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Troy grew 20.0% from $48.85/hr (2019) to $58.61/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $62.42/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 Troy 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 Troy
Beyond the general hourly statistics, the earning potential for part-time actuaries in Troy becomes more compelling upon analysis. A professional working three days a week, totaling around 24 hours, could still net over $75,000 annually—substantially higher than many local occupations. For those engaged in per diem work, expert-level consultations frequently command rates between $250 and $500 per hour, with specialized roles in litigation yielding even higher hourly fees ranging from $400 to $800. Understanding how hourly compensation varies across employer types is crucial; life insurance companies and healthcare providers may offer steadier hourly pay but typically come with benefits, while consulting firms pay higher rates with fewer perks. This trade-off resonates with many actuaries, influencing their job choices based on personal financial goals. For negotiating pay in Troy, it's beneficial to benchmark against these figures while also highlighting unique skills—such as proficiency in emerging analytical tools—to secure the best compensation packages possible.
More salary data for Troy, 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 Troy. 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 Troy 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