Where is 551 Second Corp located?

551 Second Corp is headquartered in New York City, New York, but may have operations in other locations within the Business Services sector.

What does 551 Second Corp do?

According to the company's overview, 551 Second Corp is a company that operates in the Real Estate industry.

What industry is 551 Second Corp in?

551 Second Corp operates in the Business Services industry.

551 Second Corp Average Salary, Pay Ranges & Benefits

551 Second Corp Salary

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Salary at 551 Second Corp

Current Job Openings at 551 Second Corp

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Is 551 Second Corp’s Pay Competitive? Salary Benchmarking Analysis

How does 551 Second Corp's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
New Hfg Inc	$111,819	+0.8%	Suggests New Hfg Inc utilizes a highly similar base-plus-benefits compensation model.
Jsj Methods LLC	$89,426	-19.4%	Jsj Methods LLC likely leverages performance bonuses over the high base salary shown here.
Rugs4Decor Ltd	$92,010	-17.1%	Typical compensation structure for smaller regional agencies like Rugs4Decor Ltd.
Taitem Engineering	$89,542	-19.3%	Normalized for lower cost-of-living zones where Taitem Engineering primarily operates.
Business Services Industry	$120,931	+9.0%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How 551 Second Corp's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at 551 Second Corp. Click a company name to learn more.

New Hfg Inc

$111,819 / year

Salary Range: $98,251 - $126,548

New York City, NY

Jsj Methods LLC

$89,426 / year

Salary Range: $78,577 - $101,209

Lake Worth, FL

Rugs4Decor Ltd

$92,010 / year

Salary Range: $80,850 - $104,136

Bradford, VT

Taitem Engineering

$89,542 / year

Salary Range: $78,678 - $101,331

Ithaca, NY

Winston Salem

$87,200 / year

Salary Range: $76,616 - $98,685

Pfafftown, NC

Cities Patrol Security Solutions LLC

$90,533 / year

Salary Range: $79,549 - $102,453

Bedford, TX

Impact Information Group Inc

$93,719 / year

Salary Range: $82,325 - $106,099

Rochester, NY

Robelan Display Inc

$96,662 / year

Salary Range: $84,955 - $109,367

Hempstead, NY

Aronow Law PC

$101,292 / year

Salary Range: $89,024 - $114,586

Woodbury, NY

Employee Reviews: Working at 551 Second Corp

Considering a career at 551 Second Corp? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

While that’s a plus for reliability, it sometimes feels uninspired. The leadership team is accessible and genuinely inspiring. Encouraging leadership and inclusive space. I’ve grown both professionally and personally here and truly feel like part of a community committed to shared success.

Commented in May 21, 2025

33

1

With competitive compensation and a strong focus on development, it’s an organization that truly values its people. My manager takes a genuine interest in my career goals. I never feel guilty about taking time off when needed, and the culture actively discourages burnout. It's the kind of place where you feel respected and valued. Leadership communicates well and invests in employee success.

Commented in April 06, 2025

31

1

The benefits and compensation are very fair. It's clear this isn't just lip service - real progress is being made. Employees are respected and treated fairly, but recognition is infrequent. Management encourages feedback and continuous improvement. Expectations are high, but so is support — it’s a place where doing your best is noticed.

Commented in November 11, 2024

9

0

This company promotes a high-performance culture without compromising employee well-being. Trusted leadership and fair expectations. There’s a clear hierarchy, which can be limiting in decision-making. Cross-functional collaboration is a norm, which helps build a strong network and mutual trust. It’s a fair and motivating system that drives us all to do our best. The company culture here is truly ...

Commented in August 24, 2024

21

2

Every decision and strategy is geared towards achieving the best possible outcomes for those we serve. It’s a good job for those who prefer predictability over excitement. The company offers strategic projects. The company culture prioritizes collaboration and respects work-life balance.

Commented in January 09, 2024

23

1

What Benefits Does 551 Second Corp Offer Beyond Salary?

A competitive compensation package is more than just a salary. 551 Second Corp offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

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How Much Should You Be Earning?

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What Is the Cost of Living Near New York?

Understanding the cost of living near New York is key to truly evaluating a salary offer or your current compensation at 551 Second Corp.

New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). Extremely expensive globally, driven by exorbitant housing. Extensive MTA subway/bus. When planning your budget based on a salary from 551 Second Corp, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$3,500 - $5,000+ (Highly variable by borough)	A significant portion of 551 Second Corp salary. Location choices impact this heavily.
Utilities (Basic)	$150 - $250	Electricity, Heating, Cooling, Water etc.
Public Transportation	$127 (MTA 30-day MetroCard)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$450 - $700	Can be higher with more dining out or specialty stores.
Personal & Leisure	$500 - $1,000+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$450 - $800+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$5,177 - $7,877+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of 551 Second Corp

1. How much does a 551 Second Corp employee make?

551 Second Corp pays its employees an average of $110,975 per year. The average salary at 551 Second Corp range from $97,509 to $125,585 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than 551 Second Corp?

The salary at 551 Second Corp is lesser than the similar company. The average annual salary at 551 Second Corp is $110,975, or an hourly wage of $53, in comparison to New Hfg Inc which pays $111,819 per year or $54 per hour.

3. Do employees with advanced degrees (Master's, PhD) earn more at 551 Second Corp?

In many roles at 551 Second Corp, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

4. How does the cost of living near New York affect the perceived value of a 551 Second Corp salary?

New York City's Cost of Living Index is approximately 204.5 (104.5% more than US average; 63.5% more than NY average). This significantly impacts the purchasing power of a salary from 551 Second Corp based there. Our "Cost of Living Insights for New York" module details this impact, helping you assess the 'real feel' value of your compensation.

5. What kind of benefits does 551 Second Corp typically offer employees?

551 Second Corp generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at 551 Second Corp" section on this page.