Actuary Salary in Dearborn, MI: $108,458 (2026)
Quick Answer:A full-time actuary in Dearborn, MI earns a median $108,458/year (≈ $52.15/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Dearborn's price level (7% below national, BEA RPP 93.2), that paycheck buys what $116,371 would nationally. Nominal pay sits 13.3% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Dearborn, Michigan are projected to earn a median annual salary of $108,458, reflecting the competitive nature of the field and the varying pay scales between consultancies and insurance companies. The estimated salary range extends from $68,028 at the 10th percentile to $168,110 at the 90th percentile, highlighting significant income potential tied to experience, specialization, and exam completion. Local estimates derived from BLS state-level data and adjustments for regional cost considerations indicate that while Dearborn's salaries are notably lower than the national median of $134,160, there remains strong demand for skilled professionals. This job market is particularly influenced by a variety of employers, from established consulting firms to major insurers, which bolster opportunities for career development and compensation advancement.
About the Dearborn Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $68,028 | $32.70 |
| Lower Range (P25) | $80,387 | $38.65 |
| Median (P50)(typical) | $108,458 | $52.15 |
| Upper Range (P75) | $138,827 | $66.74 |
| Top Earners (P90) | $168,110 | $80.83 |
Median Salary Position
19.16% below the national average
2026 Salary Percentile Distribution in Dearborn
In Dearborn, MI, the actuary salary spread from the 10th to 90th percentile is $100,082 (2026 est.). At $108,458, the local median is 19.16% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Dearborn: You'd be in the lower-middle range
How Dearborn Actuary Pay Compares
Dearborn median: $108,458/year (2026)
| Compared To | Median Salary | Dearborn Pays |
|---|---|---|
| Michigan Average | $125,096 | -13.30% less |
| National Average | $134,160 | -19.16% less |
Actuarys in Dearborn, MI earn a median of $108,458 per year (2026 est.), which is 19.16% lower than the national median of $134,160 and 13.30% below the Michigan state average of $125,096.
Cost-of-Living Adjusted Salary
Dearborn 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.
Dearborn, MI has a cost-of-living index of 93.2 (below the national average of 100). A actuary earning $108,458 nominally has purchasing power equivalent to $116,371 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$87,593
2025 BLS Actual
$105,095
2026 Current Est.
$108,458
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Dearborn (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $87,593 | Actual |
| 2020 | $89,759 | Actual |
| 2021 | $85,612 | Actual |
| 2022 | $92,152 | Actual |
| 2023 | $97,011 | Actual |
| 2024 | $112,376 | Actual |
| 2025 | $105,095 | Actual |
| 2026(current) | $108,458 | Estimated |
| 2027 | $111,929 | Projected |
Based on 7 years of BLS OEWS data for the Dearborn metropolitan area, the median actuary salary grew 20.0% from $87,593 (2019) to $105,095 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $111,929 by 2027 — a total increase of $24,336 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Dearborn 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) | $68,028 – $80,387 |
| 3-5 years (Mid Career) | $80,387 – $108,458 |
| 5+ years (Experienced) | $108,458 – $138,827 |
| 10+ years (Top Earner) | $138,827 – $168,110 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Dearborn
In terms of employment dynamics, there are currently 19 actuaries working in Dearborn, MI, illustrating a niche market with specialized job offerings. With a cost-of-living index at 93.2, the area presents a more affordable living situation compared to national averages, allowing actuaries to maintain reasonable purchasing power despite lower than average salaries. Notably, life insurance giants like Prudential and health insurers such as UnitedHealth tend to offer higher pay compared to property and casualty firms. Factors influencing salary differentials include the progression of exams—where each passed exam can earn up to $8,000 in pay increases—and credential advancements from ASA to FSA. Actuaries looking to thrive in Dearborn should consider enhancing their skill set with predictive analytics capabilities and pursuing roles in consulting, where compensation is often more competitive, thus maximizing earning potential within this particular market.
More salary data for Dearborn, 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 $105,095 for actuariesin the Dearborn 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 Dearborn 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