How to Become a Actuaries in Michigan
Actuaries in Michigan earn a median salary of $105,750/year, which is 16% below the national average. Michigan has a state income tax of ~4.2%. After taxes and rent, a actuaries takes home approximately $5,112/month. Most positions require Bachelor's degree.
What a actuaries can afford in Michigan
Becoming a actuaries in Michigan
Meet education requirements
Actuaries positions in Michigan typically require Bachelor's degree. Programs are available at colleges and training institutions across Michigan. Research accredited programs in your area.
Gain required experience
Many actuaries positions in Michigan require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Michigan licensure or certification
Michigan may require specific licensing or professional certification for actuariess. Requirements vary by state — contact the Michigan Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Michigan
Michigan employs 360 actuaries. The highest concentrations are in Detroit-Warren-Dearborn and Grand Rapids-Wyoming-Kentwood.
Actuaries salary by metro area in Michigan
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Detroit-Warren-Dearborn | $140K | $67.29/hr | 100 |
| Grand Rapids-Wyoming-Kentwood | $134K | $64.29/hr | 30 |
| Lansing-East Lansing | $89K | $42.88/hr | 160 |
Actuaries salary range in Michigan
Actuaries careers in other states
Frequently asked questions
How much does a actuaries make in Michigan?▼
The median actuaries salary in Michigan is $105,750 per year ($50.84/hr). This is 16% below the national median of $125,770. Salaries range from $63,320 to $169,350.
What are the requirements to become a actuaries in Michigan?▼
Actuaries positions in Michigan typically require Bachelor's degree. Michigan may have specific licensing or certification requirements. Check with the Michigan licensing board or department of labor for current requirements.
Can a actuaries afford to live in Michigan?▼
At the median salary of $105,750, a actuaries in Michigan would take home approximately $6,524/month after taxes. With median 2-bedroom rent at $1,412/month, that's 21.6% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for actuaries in Michigan?▼
The highest paying metro areas for actuaries in Michigan are Detroit-Warren-Dearborn ($139,950), Grand Rapids-Wyoming-Kentwood ($133,710), Lansing-East Lansing ($89,190). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Michigan have state income tax for actuaries?▼
Yes, Michigan has a state income tax rate of approximately 4.2%. On a $105,750 salary, this means roughly $4,494/year in state income tax. Use our take-home pay calculator for a detailed breakdown.