As of March 01, 2025, the average annual salary for an Actuary V in Michigan is $162,236. Salary.com reports that pay typically ranges from $145,351 to $177,669, with most professionals earning between $129,977 and $191,719.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $180,009 | $15,001 | $3,462 | $87 |
| Average | $164,373 | $13,698 | $3,161 | $79 |
| 25th Percentile | $147,265 | $12,272 | $2,832 | $71 |
An entry-level Actuary V with under 1 year experience makes about $153,469. With less than 2 years of experience, a mid-level Actuary V makes around $154,713. After 2-4 years, the Actuary V pay rises to about $155,211. Those senior Actuary V with 5-8 years of experience earn roughly $157,699, and those Actuary V having 8 years or more experience are expected to earn about $165,192 on average.
| Levels | Salary |
|---|---|
| Entry Level Actuary V | $153,469 |
| Intermediate Level Actuary V | $154,713 |
| Senior Level Actuary V | $155,211 |
| Specialist Level Actuary V | $157,699 |
| Expert Level Actuary V | $165,192 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 6% |
| Top Level | 4% |
| Experienced | 0% |
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Actuary V salary varies from city to city. Compared with national average salary of Actuary V, the highest Actuary V salary is in San Francisco, CA, where the Actuary V salary is 25.0% above. The lowest Actuary V salary is in Miami, FL, where the Actuary V salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $205,466 |
25.0%
|
| Washington, DC | $182,947 |
11.3%
|
| Miami, FL | $158,620 |
|
| Chicago, IL | $172,427 |
4.9%
|
| Boston, MA | $184,262 |
12.1%
|
| New York, NY | $191,987 |
16.8%
|
