Actuary Salary in Lincoln Park, MI: $123,416 (2026)
Quick Answer:A full-time actuary in Lincoln Park, MI earns a median $123,416/year (≈ $59.33/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Lincoln Park's price level (7% below national, BEA RPP 93.2), that paycheck buys what $132,421 would nationally. Nominal pay sits 1.3% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, the actuary salary in Lincoln Park, Michigan, is projected to reach a median of $123,416. This figure reflects a market context that leans towards consulting firms like Mercer and WTW for higher compensation, contrasting with insurers in the region. Salaries within Lincoln Park show a broad range from $75,847 at the 10th percentile to $191,295 at the 90th percentile, indicating significant disparities based on experience, credentials, and the nature of employment. These estimates are based on 2025 BLS data, adjusted for regional price parities, illustrating that Lincoln Park's actuaries earn slightly less than the national median of $134,160. Understanding this pay gradient is vital for aspiring actuaries considering career pathways in consulting versus insurance.
About the Lincoln Park Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,847 | $36.46 |
| Lower Range (P25) | $92,441 | $44.44 |
| Median (P50)(typical) | $123,416 | $59.33 |
| Upper Range (P75) | $157,312 | $75.64 |
| Top Earners (P90) | $191,295 | $91.97 |
Median Salary Position
8.01% below the national average
2026 Salary Percentile Distribution in Lincoln Park
In Lincoln Park, MI, the actuary salary spread from the 10th to 90th percentile is $115,448 (2026 est.). At $123,416, the local median is 8.01% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Lincoln Park: You'd be in the lower-middle range
How Lincoln Park Actuary Pay Compares
Lincoln Park median: $123,416/year (2026)
| Compared To | Median Salary | Lincoln Park Pays |
|---|---|---|
| Michigan Average | $125,041 | -1.30% less |
| National Average | $134,160 | -8.01% less |
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.
Cost-of-Living Adjusted Salary
Lincoln Park 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.
Lincoln Park, MI has a cost-of-living index of 93.2 (below the national average of 100). A actuary earning $123,416 nominally has purchasing power equivalent to $132,421 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$99,673
2025 BLS Actual
$119,589
2026 Current Est.
$123,416
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Lincoln Park (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,673 | Actual |
| 2020 | $102,138 | Actual |
| 2021 | $97,419 | Actual |
| 2022 | $104,861 | Actual |
| 2023 | $110,390 | Actual |
| 2024 | $110,390 | Actual |
| 2025 | $119,589 | Actual |
| 2026(current) | $123,416 | Estimated |
| 2027 | $127,365 | Projected |
Based on 7 years of BLS OEWS data for the Lincoln Park metropolitan area, the median actuary salary grew 20.0% from $99,673 (2019) to $119,589 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $127,365 by 2027 — a total increase of $27,692 (27.78%) from 2019.
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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $75,847 – $92,441 |
| 3-5 years (Mid Career) | $92,441 – $123,416 |
| 5+ years (Experienced) | $123,416 – $157,312 |
| 10+ years (Top Earner) | $157,312 – $191,295 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Lincoln Park
The job market for actuaries in Lincoln Park remains relatively small, with only eight professionals currently employed in the area. Despite this limited size, the local cost of living index sits at 93.2, suggesting that actuaries may enjoy a reasonable purchasing power compared to national norms. Among local employers, consulting firms tend to offer the most competitive salaries, especially for those with advanced FSA/FCAS certifications or specialized skill sets in predictive analytics and data science. The varying pay levels are influenced by factors such as exam progression, with each exam passed typically adding $3,000 to $8,000 to base salary. For candidates aiming to maximize their earnings, pursuing higher-level credentials and aligning themselves with industries that value actuarial expertise will be key strategies in the Lincoln Park market.
More salary data for Lincoln Park, MI:
Frequently Asked Questions
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Can actuaries make $100K in Lincoln Park?
What is the cost-of-living adjusted actuary salary in Lincoln Park?
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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 $119,589 for actuariesin the Lincoln Park 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 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