As of March 01, 2025, the average annual salary for an Insurance Actuary V in Michigan is $137,083. Salary.com reports that pay typically ranges from $128,893 to $152,603, with most professionals earning between $121,436 and $166,733.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $154,592 | $12,883 | $2,973 | $74 |
| Average | $138,871 | $11,573 | $2,671 | $67 |
| 25th Percentile | $130,573 | $10,881 | $2,511 | $63 |
An entry-level Insurance Actuary V with under 1 year experience makes about $133,806. With less than 2 years of experience, a mid-level Insurance Actuary V makes around $134,417. After 2-4 years, the Insurance Actuary V pay rises to about $134,662. Those senior Insurance Actuary V with 5-8 years of experience earn roughly $135,884, and those Insurance Actuary V having 8 years or more experience are expected to earn about $142,202 on average.
| Levels | Salary |
|---|---|
| Entry Level Insurance Actuary V | $133,806 |
| Intermediate Level Insurance Actuary V | $134,417 |
| Senior Level Insurance Actuary V | $134,662 |
| Specialist Level Insurance Actuary V | $135,884 |
| Expert Level Insurance Actuary V | $142,202 |
| Entry Level | 4% |
| Mid Level | 3% |
| Senior Level | 3% |
| Top Level | 2% |
| Experienced | 2% |
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Insurance Actuary V salary varies from city to city. Compared with national average salary of Insurance Actuary V, the highest Insurance Actuary V salary is in San Francisco, CA, where the Insurance Actuary V salary is 25.0% above. The lowest Insurance Actuary V salary is in Miami, FL, where the Insurance Actuary V salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $173,603 |
25.0%
|
| Washington, DC | $154,583 |
11.3%
|
| Miami, FL | $134,033 |
|
| Chicago, IL | $145,693 |
4.9%
|
| Boston, MA | $155,693 |
12.1%
|
| New York, NY | $162,223 |
16.8%
|
