Actuary Salary in Livonia, MI: $123,168 (2026)
Quick Answer:A full-time actuary in Livonia, MI earns a median $123,168/year (≈ $59.22/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Livonia's price level (7% below national, BEA RPP 93.2), that paycheck buys what $132,155 would nationally. Nominal pay sits 1.5% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Livonia, MI, are projected to earn a median annual salary of $123,168, which reflects an approximate 8.19% lower rate compared to the national figure of $134,160. Salary ranges are notably broad, with the bottom 10% earning around $78,327, while the top 10% command as much as $190,911. Local estimates derived from BLS state-level data and regional price parities indicate that these figures provide a valuable snapshot of the actuary salary in Livonia. With a population of just 21 practicing actuaries in the area, job competition tends to be moderate, creating opportunities for those who are progressing through examination milestones and developing essential skills in predictive analytics and data science.
About the Livonia Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $78,327 | $37.66 |
| Lower Range (P25) | $94,917 | $45.64 |
| Median (P50)(typical) | $123,168 | $59.22 |
| Upper Range (P75) | $157,656 | $75.80 |
| Top Earners (P90) | $190,911 | $91.79 |
Median Salary Position
8.19% below the national average
2026 Salary Percentile Distribution in Livonia
In Livonia, MI, the actuary salary spread from the 10th to 90th percentile is $112,584 (2026 est.). At $123,168, the local median is 8.19% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Livonia: You'd be in the lower-middle range
How Livonia Actuary Pay Compares
Livonia median: $123,168/year (2026)
| Compared To | Median Salary | Livonia Pays |
|---|---|---|
| Michigan Average | $125,044 | -1.50% less |
| National Average | $134,160 | -8.19% less |
Actuarys in Livonia, MI earn a median of $123,168 per year (2026 est.), which is 8.19% lower than the national median of $134,160 and 1.50% below the Michigan state average of $125,044.
Cost-of-Living Adjusted Salary
Livonia 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.
Livonia, MI has a cost-of-living index of 93.2 (below the national average of 100). A actuary earning $123,168 nominally has purchasing power equivalent to $132,155 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$99,473
2025 BLS Actual
$119,349
2026 Current Est.
$123,168
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Livonia (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,473 | Actual |
| 2020 | $101,933 | Actual |
| 2021 | $97,224 | Actual |
| 2022 | $104,651 | Actual |
| 2023 | $110,168 | Actual |
| 2024 | $110,168 | Actual |
| 2025 | $119,349 | Actual |
| 2026(current) | $123,168 | Estimated |
| 2027 | $127,110 | Projected |
Based on 7 years of BLS OEWS data for the Livonia metropolitan area, the median actuary salary grew 20.0% from $99,473 (2019) to $119,349 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $127,110 by 2027 — a total increase of $27,637 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Livonia 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) | $78,327 – $94,917 |
| 3-5 years (Mid Career) | $94,917 – $123,168 |
| 5+ years (Experienced) | $123,168 – $157,656 |
| 10+ years (Top Earner) | $157,656 – $190,911 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Livonia
The local job market for actuaries in Livonia remains steady, although the cost of living index stands at 93.2, suggesting that take-home purchasing power can be more favorable in this region compared to higher-cost areas. The highest compensation packages are often found within the life and health insurance sectors, with companies like Prudential and UnitedHealth typically offering top salaries. Significant pay disparities are driven by various factors such as exam progression, with each completed examination potentially adding $3,000 to $8,000 to an actuary's salary. Credential level also plays a role, as those holding Fellowship designations from CAS or SOA can expect markedly higher pay, particularly in consulting firms like Mercer or Aon. Aspiring actuaries in Livonia should focus on passing exams efficiently and seeking out companies that recognize and reward advanced credentials and specialty skills to maximize their earning potential.
More salary data for Livonia, 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 $119,349 for actuariesin the Livonia 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 Livonia 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