Actuary Salary in Midland, MI: $119,534 (2026)
Quick Answer:A full-time actuary in Midland, MI earns a median $119,534/year (≈ $57.47/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Midland's price level (7% below national, BEA RPP 93.2), that paycheck buys what $128,255 would nationally. Nominal pay sits 4.4% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in Midland, Michigan, can expect a median annual salary of $119,534, illustrating a notable difference compared to the national median of $134,160, resulting in a 10.90% lower salary perception locally. Those in this profession will find a broad salary range, with entry-level positions fetching around $76,506 and top earners potentially making $185,278. This pay structure reflects a dynamic consulting versus insurer pay gradient, often favoring those who achieve Fellowship status with firms like Milliman or Mercer, which tend to offer higher wages than traditional insurance companies. These figures, projections derived from the latest BLS state-level data and adjusted for regional price parities, indicate a healthy outlook for actuaries in Midland, particularly in costs managed carefully amidst local economic conditions.
About the Midland Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $76,506 | $36.78 |
| Lower Range (P25) | $92,156 | $44.30 |
| Median (P50)(typical) | $119,534 | $57.47 |
| Upper Range (P75) | $153,004 | $73.56 |
| Top Earners (P90) | $185,278 | $89.07 |
Median Salary Position
10.9% below the national average
2026 Salary Percentile Distribution in Midland
In Midland, MI, the actuary salary spread from the 10th to 90th percentile is $108,772 (2026 est.). At $119,534, the local median is 10.9% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Midland: You'd be in the lower-middle range
How Midland Actuary Pay Compares
Midland median: $119,534/year (2026)
| Compared To | Median Salary | Midland Pays |
|---|---|---|
| Michigan Average | $125,036 | -4.40% less |
| National Average | $134,160 | -10.90% less |
Actuarys in Midland, MI earn a median of $119,534 per year (2026 est.), which is 10.90% lower than the national median of $134,160 and 4.40% below the Michigan state average of $125,036.
Cost-of-Living Adjusted Salary
Midland 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.
Midland, MI has a cost-of-living index of 93.2 (below the national average of 100). A actuary earning $119,534 nominally has purchasing power equivalent to $128,255 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$96,538
2025 BLS Actual
$115,828
2026 Current Est.
$119,534
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Midland (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $96,538 | Actual |
| 2020 | $98,926 | Actual |
| 2021 | $94,355 | Actual |
| 2022 | $101,563 | Actual |
| 2023 | $106,918 | Actual |
| 2024 | $106,918 | Actual |
| 2025 | $115,828 | Actual |
| 2026(current) | $119,534 | Estimated |
| 2027 | $123,360 | Projected |
Based on 7 years of BLS OEWS data for the Midland metropolitan area, the median actuary salary grew 20.0% from $96,538 (2019) to $115,828 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $123,360 by 2027 — a total increase of $26,822 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Midland 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) | $76,506 – $92,156 |
| 3-5 years (Mid Career) | $92,156 – $119,534 |
| 5+ years (Experienced) | $119,534 – $153,004 |
| 10+ years (Top Earner) | $153,004 – $185,278 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Midland
Despite only six actuaries currently employed in Midland, the local job market reveals competitive opportunities for skilled professionals. The cost of living index at 93.2 suggests that living expenses are below the national average, which can enhance take-home pay for those in this field. Employers in Midland include major life and property insurers, such as Prudential and State Farm, which typically offer the most competitive salaries. The range between lower and higher compensation in the region can be attributed to various factors, including credential progression, market specialization, and firm type—those achieving Fellowship status tend to enjoy significantly enhanced compensation. To maximize potential earnings in the Midland market, candidates should focus on passing actuarial exams efficiently and consider pursuing opportunities with consulting firms that provide better pay structures and benefit packages, including signing bonuses for credential completions. The interplay between local salary trends and the broader economic context of Midland shapes a strategically favorable environment for actuaries.
More salary data for Midland, 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 $115,828 for actuariesin the Midland 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 Midland 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