Actuarial Science Degree in Detroit, MI — Salary & ROI 2026
Actuarial Science degree analysis for Detroit, MI. COL-adjusted salary data, local tuition costs, ROI calculator, and job market outlook.
Starting Salary
$44K
COL-adjusted
Mid-Career
$104K
COL-adjusted
ROI Payback
8.2 yrs
in Detroit
Cost of Living
87
index (100 = avg)
Actuarial Science in Detroit, MI Overview
Detroit is one of Michigan's top college towns, with 43 institutions and a student population of 57,362. Public tuition averages $14,568/year here — near the national average for public universities. Actuarial Science enrollment is stable nationwide, with steady demand for graduates skilled in Probability and Risk Assessment. The adjusted starting salary in Detroit is approximately $43,500, growing to $104,400 by mid-career.
Category
STEM
Local Colleges
43
Public Tuition
$14,568/yr
Private Tuition
$33,980/yr
Room & Board
$12,083/yr
Avg Fin. Aid
$15,401/yr
Unemployment
6.4%
Graduation Rate
57%
Actuarial Science Salary in Detroit (COL-Adjusted)
Salaries adjusted for Detroit's cost of living index of 87 (national average = 100).
Note: National average Actuarial Science salary: $50,000 starting, $120,000 mid-career, $155,000 senior level.Detroit adjustment factor: 0.87x based on the local cost of living index.
Actuarial Science ROI Calculator for Detroit
Estimate your return on investment for a Actuarial Science degree using local Detroit tuition and cost of living data.
Public avg: $14,568 | Private avg: $33,980
Detroit avg aid: $15,401/yr
Federal avg: 6.5% | Private: 4-14%
Total Education Cost
$106,604
tuition + room & board - aid
Annual Earnings Premium
$13,050
vs HS diploma in Detroit
ROI Payback Period
8.2 years
to break even
Lifetime Return in Detroit
$806,896
Lifetime earnings premium ($913,500) minus total education cost ($106,604)
Student Loan Payoff for Actuarial Science in Detroit
Standard Plan (10 years)
Aggressive Plan (5 years)
Colleges in Detroit for Actuarial Science
Wayne State University
public
$14,568/yr
$58,272 total
University of Detroit Mercy
private
$33,980/yr
$135,920 total
Community Colleges (2-Year Transfer)
Wayne County Community College
$4,296/yr
Top Employers for Actuarial Science in Detroit
Detroit offers opportunities in Tech companies, Research labs, Government agencies for Actuarial Science graduates. National top employers in this field include:
Key Detroit Hiring Sectors for STEM
Tech companies
Research labs
Government agencies
Startups
Consulting firms
Common Actuarial Science Job Titles
Actuarial Science in Nearby Michigan Cities
Grand Rapids, MI
$44K starting · COL 88
10 colleges
Warren, MI
$44K starting · COL 88.5
6 colleges
Sterling Heights, MI
$46K starting · COL 92.8
5 colleges
Ann Arbor, MI
$43K starting · COL 85
14 colleges
Lansing, MI
$43K starting · COL 85
6 colleges
Dearborn, MI
$45K starting · COL 90.5
5 colleges
Clinton Township, MI
$48K starting · COL 96.2
4 colleges
Canton Township, MI
$47K starting · COL 93.5
4 colleges
Other STEM Majors in Detroit
Prompt Engineering
$44K starting · 1.5 yr ROI
Computational Linguistics
$83K starting · 2 yr ROI
Computer Science
$74K starting · 2.8 yr ROI
Software Engineering
$77K starting · 2.7 yr ROI
Data Science
$71K starting · 3 yr ROI
Cybersecurity
$70K starting · 3 yr ROI
Robotics Engineering
$44K starting · 3 yr ROI
Applied Mathematics
$44K starting · 3.5 yr ROI
Actuarial Science Degree in Detroit — FAQ
Data Sources: Salary data from BLS Occupational Outlook Handbook. Cost of living from BLS Regional Data. College data from NCES/IPEDS. Updated March 2026.
Explore More
Compare Actuarial Science ROI in other cities, or explore other majors in Detroit.