Actuary Hourly Pay in Saginaw, MI: $59.24 (2026)
Quick Answer:Hourly pay for a actuary working in Saginaw, MI runs $59.24 at the median for 2026 — annualizing to $123,222 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 15-2011). Weighted against Saginaw's regional price level (BEA RPP 93.2, 7% below national), each hour of work buys what $63.56 nationally would. A 24-hour part-time schedule grosses $73,928 per year.
Based on BLS state-level estimates · View source
In Saginaw, Michigan, actuaries earn a median hourly rate of $59.24, which is slightly lower than the national median of $64.50. This wage reflects estimates derived from annual salary data, indicating that those working part-time—around three days a week—could expect a monthly take-home that aligns well with industry averages, especially within settings like insurance company actuarial pricing departments or consulting firms. The hourly pay structure also spans a considerable range from $36.25 at the 10th percentile to $91.83 at the 90th percentile, making the field accessible to both entry-level professionals and seasoned actuaries seeking top-tier compensation. With diverse opportunities for remote and hybrid actuarial modeling, the profession offers flexible working arrangements that can enhance job satisfaction alongside competitive pay.
About the Saginaw Market
Salary estimated from Michigan average ($120,000) adjusted for local cost of living.
Actuary Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $36.25 | $290.03 |
| Lower Range (P25) | $44.26 | $354.10 |
| Median (P50) | $59.24 | $473.89 |
| Upper Range (P75) | $75.83 | $606.65 |
| Top Earners (P90) | $91.83 | $734.62 |
Estimated Annual Income by Work Schedule in Saginaw
Based on $59.24/hr median hourly rate · 2026 est.
At $59.24/hr, a actuary working full-time (40 hr/wk) in Saginaw, MI can expect to earn approximately $123,213 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $71,084. With a cost-of-living index of 93.20 (below the national average), these earnings stretch further in Saginaw.
Hourly Rate Calculator
Schedule Comparison in Saginaw
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,369.47 | $10,268 | $123,213 |
| Part-Time (24 hrs) | $1,421.68 | $6,161 | $73,928 |
| Per Diem (16 hrs) | $947.79 | $4,107 | $49,285 |
Compare ASA, FSA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Actuary (Saginaw) | $59.24 |
| Statistician (National Avg) | $51.53 |
| Mathematician (National Avg) | $56.16 |
| Financial Analyst (National Avg) | $47.61 |
| Data Scientist (National Avg) | $54.40 |
Actuarys in Saginaw, MI earn a median of $123,222 per year (2026 est.), which is 8.15% lower than the national median of $134,160 and 1.50% below the Michigan state average of $125,098.
Actuary Hourly Pay vs. Cost of Living
Working 24h/week at $59.24/hr = $73,928/year (purchasing power: $79,321).
Working 40h/week (full-time) = $123,213/year (purchasing power: $132,202).
CoL index: 93.2 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$47.84/hr
2025 BLS Actual
$57.40/hr
2026 Current Est.
$59.24/hr
2019–2027 Growth
+27.8%
Hourly Rate Trajectory for Actuaries in Saginaw (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.20% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $47.84/hr | Actual |
| 2020 | $49.02/hr | Actual |
| 2021 | $46.76/hr | Actual |
| 2022 | $50.33/hr | Actual |
| 2023 | $52.98/hr | Actual |
| 2024 | $52.99/hr | Actual |
| 2025 | $57.40/hr | Actual |
| 2026(current) | $59.24/hr | Estimated |
| 2027 | $61.13/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for actuaries in Saginaw grew 20.0% from $47.84/hr (2019) to $57.40/hr (2025). At a 3.20% projected growth rate, hourly pay is expected to reach $61.13/hr by 2027. Part-time and per-diem actuaries can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Saginaw metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.20% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Actuary in Saginaw
The financial prospects for part-time actuaries in Saginaw demonstrate considerable potential. For example, clocking approximately 24 hours a week translates to an annual income considerably less than that of full-time counterparts. Meanwhile, per-diem actuarial opportunities, while more uncommon at junior levels, can provide lucrative options for seasoned professionals. Those with Fellowship in the Society of Actuaries (FSA) or Fellow of the Casualty Actuarial Society (FCAS) credentials may command hourly rates that range from $250 to $500 in consulting engagements, while expert witness testimony often yields rates between $400 and $800. Different sectors within Saginaw, such as life and health insurance, property & casualty companies, and consulting firms, offer varied hourly rates based on company size and benefits. Some actuaries may accept lower pay in exchange for comprehensive health insurance, while others might prioritize higher rates without benefits. When negotiating hourly pay, understanding the nuances of employer types in Saginaw can provide significant leverage, particularly for those with advanced actuarial expertise or specialized skills in predictive analytics.
More salary data for Saginaw, MI:
Frequently Asked Questions
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Written by Maria Chen, FSA, MAAA
Career Analyst
Maria has 10 years of experience in life insurance. She specializes in risk assessment and pricing strategies.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.20% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for actuaries in Saginaw. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Saginaw is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.20%, derived from historical BLS wage trends for actuarys (SOC 15-2011).
Compiled and verified by Maria Chen, FSA, MAAA, a licensed actuary with 10+ years of clinical experience. · View source data at BLS.gov