Actuary Salary in West Bloomfield, MI: $126,366 (2026)
Quick Answer:A full-time actuary in West Bloomfield, MI earns a median $126,366/year (≈ $60.75/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 15-2011). Once you factor in West Bloomfield's price level (7% below national, BEA RPP 93.2), that paycheck buys what $135,586 would nationally. Nominal pay sits 1.1% above the Michigan state average.
Based on BLS state-level estimates · View source
In 2026, actuaries in West Bloomfield, Michigan, can expect to earn a median annual salary of $126,366. This figure, while below the national median of $134,160, reflects the unique dynamics of the local job market where salary ranges from $75,864 at the 10th percentile to $195,867 at the 90th percentile. Actuary pay in West Bloomfield MI varies significantly, illustrating the consulting versus insurer pay gradient that is evident in many areas. The estimates are derived from 2025 BLS data adjusted for regional cost factors, demonstrating the competitive nature of the local market and the diverse opportunities available to skilled professionals in the field.
About the West Bloomfield Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $75,864 | $36.47 |
| Lower Range (P25) | $93,718 | $45.06 |
| Median (P50)(typical) | $126,366 | $60.75 |
| Upper Range (P75) | $161,748 | $77.76 |
| Top Earners (P90) | $195,867 | $94.17 |
Median Salary Position
5.81% below the national average
2026 Salary Percentile Distribution in West Bloomfield
In West Bloomfield, MI, the actuary salary spread from the 10th to 90th percentile is $120,003 (2026 est.). At $126,366, the local median is 5.81% below the national median of $134,160.
Salary Calculator
At 40 hours/week in West Bloomfield: You'd be in the lower-middle range
How West Bloomfield Actuary Pay Compares
West Bloomfield median: $126,366/year (2026)
| Compared To | Median Salary | West Bloomfield Pays |
|---|---|---|
| Michigan Average | $124,991 | +1.10% more |
| National Average | $134,160 | -5.81% less |
Actuarys in West Bloomfield, MI earn a median of $126,366 per year (2026 est.), which is 5.81% lower than the national median of $134,160 and 1.10% above the Michigan state average of $124,991.
Cost-of-Living Adjusted Salary
West Bloomfield 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.
West Bloomfield, MI has a cost-of-living index of 93.2 (below the national average of 100). A actuary earning $126,366 nominally has purchasing power equivalent to $135,586 in an average-cost city — an effective 7.3% boost.
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2019 BLS Actual
$102,056
2025 BLS Actual
$122,448
2026 Current Est.
$126,366
2019–2027 Growth
+27.8%
Salary Trajectory for Actuaries in West Bloomfield (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $102,056 | Actual |
| 2020 | $104,580 | Actual |
| 2021 | $99,748 | Actual |
| 2022 | $107,368 | Actual |
| 2023 | $113,029 | Actual |
| 2024 | $113,029 | Actual |
| 2025 | $122,448 | Actual |
| 2026(current) | $126,366 | Estimated |
| 2027 | $130,410 | Projected |
Based on 7 years of BLS OEWS data for the West Bloomfield metropolitan area, the median actuary salary grew 20.0% from $102,056 (2019) to $122,448 (2025). At a 3.20% compound annual growth rate, salaries are projected to reach $130,410 by 2027 — a total increase of $28,354 (27.78%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the West Bloomfield 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) | $75,864 – $93,718 |
| 3-5 years (Mid Career) | $93,718 – $126,366 |
| 5+ years (Experienced) | $126,366 – $161,748 |
| 10+ years (Top Earner) | $161,748 – $195,867 |
ASA, FSA salary ranges estimated from BLS percentile data. Individual actuary compensation varies by employer, certifications, and specialization.
Actuary Job Market in West Bloomfield
Analyzing the employment context, West Bloomfield currently has a workforce of 15 actuaries, indicative of a niche market but still providing value for those entering the industry. The cost of living index stands at 93.2, suggesting favorable purchasing power for those earning in this bracket, especially as housing and local expenses remain relatively lower than the national average. Among local employers, consulting firms like Milliman and Mercer tend to offer higher compensation compared to traditional insurance companies, reflecting the premium placed on credentials like FSA or FCAS. The wide pay disparity largely stems from exam progression, as each passed exam can yield a significant salary increase. For actuaries in West Bloomfield, maximizing potential income may hinge on pursuing these exam milestones, leveraging industry certifications, and being strategic about aligning with high-paying sectors such as property & casualty or consulting, which currently holds greater demand for advanced analytics and predictive modeling skills.
More salary data for West Bloomfield, 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 $122,448 for actuariesin the West Bloomfield 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 West Bloomfield 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