The annual salary statistics of actuaries in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage data of actuaries in Detroit-Warren-Livonia 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 | $64,360 |
| 25th Percentile Wage | $79,570 |
| 50th Percentile Wage | $96,400 |
| 75th Percentile Wage | $123,650 |
| 90th Percentile Wage | $140,970 |
Table 1 shows the average annual salary for actuaries in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $140,970. The median (50th percentile) annual salary is $96,400. The average annual salary for the bottom 10 percent earners is $64,360.
The table and chart below show the trend of the median salary of actuaries from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $96,400 | 16.30% | 19.22% |
| 2021 | $80,690 | -6.78% | - |
| 2020 | $86,160 | -6.82% | - |
| 2019 | $92,040 | 8.34% | - |
| 2018 | $84,360 | -13.73% | - |
| 2017 | $95,940 | -1.97% | - |
| 2016 | $97,830 | 7.54% | - |
| 2015 | $90,450 | -10.26% | - |
| 2014 | $99,730 | 5.70% | - |
| 2013 | $94,050 | 17.20% | - |
| 2012 | $77,870 | - | - |
From Table 3 we note that with a median annual salary of $96,400, Detroit-Warren-Livonia is the second highest paying city for actuaries in state of Michigan, following the highest paying city Warren-Troy-Farmington Hills (median annual salary of $107,620). Compared with Warren-Troy-Farmington Hills, the median annual salary of actuaries in Detroit-Warren-Livonia is 10.4 percent (10.4%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Warren-Troy-Farmington Hills | |
| Detroit-Warren-Livonia | |
| Lansing-East Lansing | |
| Detroit-Livonia-Dearborn | |
| Grand Rapids-Wyoming |