Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $61,000 | $71,000 | $85,000 | $34.13/hr |
| Mid-Level (3–5 yrs) | $89,000 | $108,000 | $127,000 | $51.92/hr |
| Senior (6+ yrs) | $132,000 | $158,000 | $188,000 | $75.96/hr |
What Your Salary Is Really Worth in Detroit
A mid-level actuary earning $108,000 in Detroit has the same buying power as $114,000 in an average US city, after adjusting for the local cost of living (COL index 95).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Actuary Salaries in Detroit
The median actuary salary in Detroit, MI is $108,000 for mid-level professionals, which is 3% below the national median. With a cost of living index of 95 (national average = 100), Detroit offers an affordable cost of living, making these salaries stretch further.
Entry-level actuarys in Detroit can expect to earn between $61,000 and $85,000 (about $34.13/hour), while senior professionals with 6+ years of experience earn up to $188,000 ($188K annually, or about $90.38/hour).
These figures represent base salary only and do not include bonuses, equity, or benefits, which can add 20–50% to total compensation — especially at technology companies and in competitive markets like Detroit.
Frequently Asked Questions: Actuary Salary in Detroit
What is the average Actuary salary in Detroit?+
The average Actuary salary in Detroit is $108,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $71,000 and senior-level pay reaches $158,000.
How much does an entry-level actuary make in Detroit?+
Entry-level actuarys in Detroit earn between $61,000 and $85,000, with a median of $71,000 per year (about $34.13/hour).
What is the hourly rate for a Actuary in Detroit?+
Based on a 2,080-hour work year, a Actuary in Detroit earns roughly $34.13/hour at entry-level, $51.92/hour at mid-level, and $75.96/hour at senior-level.
Is the Actuary salary in Detroit higher than the US average?+
Actuary salaries in Detroit are about 3% below the US national median. The lower cost of living often makes take-home buying power competitive.
Does this include bonuses or equity?+
No — these figures are base salary only. Total compensation (base + bonus + equity + benefits) is typically 20–50% higher, and can be 2–3x at top technology and finance employers.
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