| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| National Insurance Brokerage LLC | $87,042 |
+7.1%
|
Influenced by prevailing union wage agreements specific to National Insurance Brokerage LLC's sector. |
| Bayside Insurance Brokerage Inc | $108,106 |
+33.0%
|
Data suggests Bayside Insurance Brokerage Inc's workforce skews heavily towards veteran, high-tenure roles. |
| Charisse Hunter - State Farm Insurance Agent | $89,120 |
+9.7%
|
Driven by niche technical certifications required for Charisse Hunter - State Farm Insurance Agent's specialized projects. |
| Scarborough Insurance Agency | $113,855 |
+40.1%
|
Supported by Scarborough Insurance Agency's high-margin contracts allowing higher overhead. |
| Insurance Industry | $123,858 |
+52.4%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$87,042 / year
Salary Range: $76,589 - $98,417
Orlando, FL
$108,106 / year
Salary Range: $95,117 - $122,232
Bayside, NY
$89,120 / year
Salary Range: $78,412 - $100,770
Snellville, GA
$113,855 / year
Salary Range: $100,176 - $128,731
San Francisco, CA
$93,772 / year
Salary Range: $82,508 - $106,026
Northville, MI
$101,092 / year
Salary Range: $88,941 - $114,293
Seal Beach, CA
$94,426 / year
Salary Range: $83,086 - $106,770
Honolulu, HI
$83,530 / year
Salary Range: $73,492 - $94,442
Saint Cloud, FL
$81,663 / year
Salary Range: $71,851 - $92,332
Myrtle Beach, SC
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $800 - $1,200+ | A significant portion of Ed Smith Insurance Agency salary. Location choices impact this heavily. |
| Utilities (Basic) | $160 - $260 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | Limited local transit | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $370 - $550 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $300 - $580+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $350 - $640+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,030 - $3,230+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
The average annual total compensation for employees at Ed Smith Insurance Agency is approximately $81,262. However, this is an aggregate figure, actual salaries can range significantly, typically from $71,494 to $91,881, depending on factors like job role, experience, and location.
The average annual salary at Ed Smith Insurance Agency is $81,262, or an hourly wage of $39, in comparison to National Insurance Brokerage LLC which pays $87,042 per year or $42 per hour.
Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Ed Smith Insurance Agency for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
While some companies offer formal COLA, many, including potentially Ed Smith Insurance Agency, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.
Most companies, likely including Ed Smith Insurance Agency, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.
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