The annual salary statistics of actuaries in Detroit-Livonia-Dearborn, Michigan is shown in Table 1. The wage statistics of actuaries in Detroit-Livonia-Dearborn is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $59,410 |
| 25th Percentile Wage | $68,760 |
| 50th Percentile Wage | $82,080 |
| 75th Percentile Wage | $118,390 |
| 90th Percentile Wage | $158,800 |
Table 1 shows the average annual salary for actuaries in Detroit-Livonia-Dearborn, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $158,800. The median (50th percentile) annual salary is $82,080. The average annual salary for the bottom 10 percent earners is $59,410.
The table and chart below show the trend of the median salary of actuaries from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $82,080 | 0.99% | 0.99% |
| 2016 | $81,270 | 3.32% | - |
| 2015 | $78,570 | 2.37% | - |
| 2014 | $76,710 | -5.94% | - |
| 2012 | $81,270 | - | - |
From Table 3 we note that the median annual salary of $82,080 in Detroit-Livonia-Dearborn is in the middle of salary range for actuaries in state of Michigan. In comparison, the annual salary of actuaries in Detroit-Livonia-Dearborn is 23.7 percent (23.7%) lower than that in the highest paying Warren-Troy-Farmington Hills and 4.7 percent (4.7%) higher than that in the lowest paying Grand Rapids-Wyoming.
| Cities/Areas | Median Annual Salary |
|---|---|
| Warren-Troy-Farmington Hills | |
| Detroit-Warren-Livonia | |
| Lansing-East Lansing | |
| Detroit-Livonia-Dearborn | |
| Grand Rapids-Wyoming |