Actuary Salary in Taylor, MI: $123,881 (2026)
Quick Answer:A full-time actuary in Taylor, MI earns a median $123,881/year (≈ $59.56/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in Taylor's price level (7% below national, BEA RPP 93.2), that paycheck buys what $132,920 would nationally. Nominal pay sits 0.9% below the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, the median annual salary for an actuary in Taylor, Michigan, is projected to be $123,881. This figure, while competitive within the region, is slightly below the national median of $134,160, indicating that actuaries in Taylor experience a pay gradient that often favors consulting firms, such as Milliman and Mercer, over traditional insurance companies. The salary range for this role varies significantly: from $71,851 at the 10th percentile to $192,016 at the 90th percentile. These estimates reflect local adjustments based on 2025 BLS data and account for the cost of living in the area, which is lower than the national average. The job market for actuaries in Taylor remains stable, providing ample opportunities for those holding key credentials.
About the Taylor Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $71,851 | $34.54 |
| Lower Range (P25) | $96,323 | $46.31 |
| Median (P50)(typical) | $123,881 | $59.56 |
| Upper Range (P75) | $158,568 | $76.23 |
| Top Earners (P90) | $192,016 | $92.31 |
Median Salary Position
7.66% below the national average
2026 Salary Percentile Distribution in Taylor
In Taylor, MI, the actuary salary spread from the 10th to 90th percentile is $120,165 (2026 est.). At $123,881, the local median is 7.66% below the national median of $134,160.
Salary Calculator
At 40 hours/week in Taylor: You'd be in the lower-middle range
How Taylor Actuary Pay Compares
Taylor median: $123,881/year (2026)
| Compared To | Median Salary | Taylor Pays |
|---|---|---|
| Michigan Average | $125,006 | -0.90% less |
| National Average | $134,160 | -7.66% less |
Actuarys in Taylor, MI earn a median of $123,881 per year (2026 est.), which is 7.66% lower than the national median of $134,160 and 0.90% below the Michigan state average of $125,006.
Cost-of-Living Adjusted Salary
Taylor 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.
Taylor, MI has a cost-of-living index of 93.2 (below the national average of 100). A actuary earning $123,881 nominally has purchasing power equivalent to $132,920 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$100,049
2025 BLS Actual
$120,040
2026 Current Est.
$123,881
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in Taylor (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $100,049 | Actual |
| 2020 | $102,523 | Actual |
| 2021 | $97,786 | Actual |
| 2022 | $105,257 | Actual |
| 2023 | $110,806 | Actual |
| 2024 | $110,806 | Actual |
| 2025 | $120,040 | Actual |
| 2026(current) | $123,881 | Estimated |
| 2027 | $127,845 | Projected |
Based on 7 years of BLS OEWS data for the Taylor metropolitan area, the median actuary salary grew 20.0% from $100,049 (2019) to $120,040 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $127,845 by 2027 — a total increase of $27,796 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Taylor 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) | $71,851 – $96,323 |
| 3-5 years (Mid Career) | $96,323 – $123,881 |
| 5+ years (Experienced) | $123,881 – $158,568 |
| 10+ years (Top Earner) | $158,568 – $192,016 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in Taylor
With 16 actuaries currently employed in the Taylor area, the local market demonstrates its strength amid a modest cost of living index of 93.2, which suggests that take-home pay can stretch further here than in many other regions. While some life and health insurance companies, such as UnitedHealth and Prudential, offer competitive salaries, the highest compensation is often found in consulting firms and specialty markets like property & casualty reinsurance. Factors such as exam progression, where each passed exam leads to a notable salary increase, substantially impact overall earnings. An FSA or FCAS designation frequently opens the door to significant pay raises due to the specialized expertise they represent. Those aiming for top salaries in Taylor should focus on continuous professional development, obtaining advanced actuarial licenses, and exploring roles within consulting, which typically provide higher compensation compared to other sectors.
More salary data for Taylor, 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 $120,040 for actuariesin the Taylor 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 Taylor 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