The annual salary statistics of actuaries in Lansing-East Lansing, Michigan is shown in Table 1. The wage information of actuaries in Lansing-East Lansing 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 | $64,860 |
| 25th Percentile Wage | $64,860 |
| 50th Percentile Wage | $82,250 |
| 75th Percentile Wage | $104,540 |
| 90th Percentile Wage | $135,920 |
Table 1 shows the average annual salary for actuaries in Lansing-East Lansing, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $135,920. The median (50th percentile) annual salary is $82,250. The average annual salary for the bottom 10 percent earners is $64,860.
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 | $82,250 | 5.03% | 2.55% |
| 2021 | $78,110 | 10.51% | - |
| 2020 | $69,900 | 9.90% | - |
| 2017 | $62,980 | -12.86% | - |
| 2015 | $71,080 | -4.22% | - |
| 2014 | $74,080 | -45.55% | - |
| 2013 | $107,820 | 25.66% | - |
| 2012 | $80,150 | - | - |
From Table 3 we note that the median annual salary of $82,250 in Lansing-East Lansing is in the middle of salary range for actuaries in state of Michigan. In comparison, the annual salary of actuaries in Lansing-East Lansing is 23.6 percent (23.6%) lower than that in the highest paying Warren-Troy-Farmington Hills and 4.9 percent (4.9%) 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 |