Actuary Salary in Ann Arbor, MI: $128,101 (2026)
Quick Answer:A full-time actuary in Ann Arbor, MI earns a median $128,101/year (≈ $61.59/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Ann Arbor's price level (7% below national, BEA RPP 93.2), that paycheck buys what $137,447 would nationally. Nominal pay sits 2.5% above the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, the average actuary salary in Ann Arbor, Michigan, is projected to reach $128,101, which reflects a slight decrease of 4.52% when compared to the national median of $134,160. The salary range for actuaries in the region spans from $74,299 at the 10th percentile to $198,557 at the 90th percentile, indicating a diverse compensation landscape that accommodates both entry-level professionals and seasoned experts. These figures are derived from 2025 BLS state-level data, adjusted for local economic conditions, particularly relevant in a city like Ann Arbor, where job openings for actuaries may present unique opportunities for advancement and specialization in various sectors.
About the Ann Arbor Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $74,299 | $35.72 |
| Lower Range (P25) | $93,082 | $44.75 |
| Median (P50)(typical) | $128,101 | $61.59 |
| Upper Range (P75) | $163,969 | $78.83 |
| Top Earners (P90) | $198,557 | $95.46 |
Median Salary Position
4.52% below the national average
2026 Salary Percentile Distribution in Ann Arbor
In Ann Arbor, MI, the actuary salary spread from the 10th to 90th percentile is $124,258 (2026 est.). At $128,101, the local median is 4.52% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Ann Arbor: You'd be in the lower-middle range
How Ann Arbor Actuary Pay Compares
Ann Arbor median: $128,101/year (2026)
| Compared To | Median Salary | Ann Arbor Pays |
|---|---|---|
| Michigan Average | $124,977 | +2.50% more |
| National Average | $134,160 | -4.52% less |
Actuarys in Ann Arbor, MI earn a median of $128,101 per year (2026 est.), which is 4.52% lower than the national median of $134,160 and 2.50% above the Michigan state average of $124,977.
Cost-of-Living Adjusted Salary
Ann Arbor has a cost of living 6.80% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Ann Arbor, MI has a cost-of-living index of 93.2 (below the national average of 100). A actuary earning $128,101 nominally has purchasing power equivalent to $137,447 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$103,457
2025 BLS Actual
$124,129
2026 Current Est.
$128,101
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Ann Arbor (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $103,457 | Actual |
| 2020 | $106,016 | Actual |
| 2021 | $101,117 | Actual |
| 2022 | $108,842 | Actual |
| 2023 | $114,581 | Actual |
| 2024 | $114,580 | Actual |
| 2025 | $124,129 | Actual |
| 2026(current) | $128,101 | Estimated |
| 2027 | $132,200 | Projected |
Based on 7 years of BLS OEWS data for the Ann Arbor metropolitan area, the median actuary salary grew 20.0% from $103,457 (2019) to $124,129 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $132,200 by 2027 — a total increase of $28,743 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Ann Arbor 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $74,299 – $93,082 |
| 3-5 years (Mid Career) | $93,082 – $128,101 |
| 5+ years (Experienced) | $128,101 – $163,969 |
| 10+ years (Top Earner) | $163,969 – $198,557 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Ann Arbor
With only 24 actuaries employed in Ann Arbor, the job market for this profession is relatively niche, yet it remains robust enough to support competitive salaries. The local cost of living index stands at 93.2, suggesting that while salaries may be lower than the national average, residents experience a lower cost of living, enhancing their purchasing power. Among local employers, consulting firms like Mercer and Aon tend to offer the highest pay, especially for those with advanced credentials like the FSA or FCAS. The variance in salaries is influenced by factors such as exam progression, where each passed exam generally results in a $3,000 to $8,000 salary increment, and the market's specialty focus; property & casualty and consulting roles typically command higher wages compared to life or health sectors. To maximize earning potential in this environment, it's advisable for actuaries in Ann Arbor to pursue additional qualifications, hone predictive analytics skills, and actively seek roles in high-paying firms or specialized areas of the industry.
More salary data for Ann Arbor, 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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $124,129 for actuariesin the Ann Arbor metropolitan area. A 3.20% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Ann Arbor 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