Salary AI Book a Demo
First Madison Insurance Salary

First Madison Insurance Salary

Salaries

Job Openings

Similar Company

Reviews

Overview

FAQ

Recommended HR Topics
Global Market Data Hot Insights on Your Competitors' PayNew Compensation Planning Hot Develop a Job Description Pay Equlity Benefits Consulting
As of September 2026, the average annual salary for employees at First Madison Insurance in the United States is $79,258. This translates to an approximate hourly wage of $38. Salaries at First Madison Insurance typically range from $69,744 to $89,625 annually, reflecting the diverse roles and experience levels within the company.

How Much Does First Madison Insurance Pay for Different Roles?

Explore detailed salary information for specific jobs at First Madison Insurance. Based on our data, the highest paying job is the President, with an annual salary of $613,524. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is First Madison Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does First Madison Insurance'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
The Conley Financial Group $87,654
+10.6%
Influenced by prevailing union wage agreements specific to The Conley Financial Group's sector.
Baucham Insurance Group $84,700
+6.9%
Data suggests Baucham Insurance Group's workforce skews heavily towards veteran, high-tenure roles.
Breinholt Insurance Group LLC $90,481
+14.2%
Reflects a supply-demand imbalance for the specific talent Breinholt Insurance Group LLC targets.
Dan DeGarmo $90,175
+13.8%
Reflects structural premiums typical of Dan DeGarmo's large-cap national operations.
Insurance Industry $123,858
+56.3%
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 First Madison Insurance's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at First Madison Insurance

Considering a career at First Madison Insurance? 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.
Workloads are balanced, though more team-building activities would be welcome. New tools and training are regularly introduced. Employees are encouraged to share ideas, and leadership is receptive to feedback. The insurance industry is dynamic, but the team adapts well. Performance recognition is fair, and bonuses are attainable.
Commented in February 20, 2025
24
0
The organization operates smoothly with well-established procedures. Teamwork is encouraged, making it a great place for collaboration. The hybrid work policy adds flexibility. The benefits package is adequate, though not exceptional.
Commented in September 18, 2024
33
0
Colleagues are professional, though social engagement is limited. Coworkers are friendly and management is fair. The office location is convenient, and parking is provided. Career growth is encouraged through mentorship programs. The benefits, including health and retirement plans, are outstanding. The culture here is inclusive and motivating. The company offers competitive benefits, a supportive ...
Commented in August 03, 2024
23
0

First Madison Insurance Overview

Website
www.firstmadisoninsurance.com
Founded In
1987
Employees
<25 employees
Industry
Insurance
Headquarter Address
109 S Egan Ave Madison South Dakota SD 57042
Revenue
<$5 Million
Phone Number
+1 6052566634
Social Media
About First Madison Insurance
First Madison Insurance is an independent insurance agency that is a member of the Independent Insurance Agents of South Dakota, Independent Insurance Agents of America (Big I), and Trusted Choice. First Madison Insurance can write business with more than a dozen insurance companies in 9 different states.

What Benefits Does First Madison Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. First Madison Insurance 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)
Work at First Madison Insurance?
Share your experience
How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

Get estimated pay range See more details
illustration

What Is the Cost of Living Near Sioux Falls?

Understanding the cost of living near Sioux Falls is key to truly evaluating a salary offer or your current compensation at First Madison Insurance.
Sioux Falls' Cost of Living Index is approximately 90.5 (9.5% less expensive than US average; 3.0% less than SD average). Largest SD city, financial/healthcare hub, affordable housing. SAM bus. When planning your budget based on a salary from First Madison Insurance, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $900 - $1,400+ A significant portion of First Madison Insurance salary. Location choices impact this heavily.
Utilities (Basic) $110 - $200 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (SAM monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $680+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,150 - $3,500+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of First Madison Insurance

1. What is the typical salary range (low to high) for most roles at First Madison Insurance?

The typical annual salary range for most roles at First Madison Insurance is approximately from $69,744 to $89,625. 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. How much does First Madison Insurance pay compared to The Conley Financial Group?

The average annual salary at First Madison Insurance is $79,258, or an hourly wage of $38, in comparison to The Conley Financial Group which pays $87,654 per year or $42 per hour.

3. Do salaries differ significantly between departments at First Madison Insurance?

Yes, salaries often differ between departments at First Madison Insurance due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at First Madison Insurance?

Experience level is a significant factor in determining salary at First Madison Insurance, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from First Madison Insurance in Sioux Falls is fair given the local cost of living?

To determine if a salary offer from First Madison Insurance in Sioux Falls is fair, first compare the gross salary to our data for similar roles at First Madison Insurance and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Sioux Falls" to understand its purchasing power.

6. Are the salaries listed for First Madison Insurance on Salary.com pre-tax or after-tax?

All salary figures displayed for First Madison Insurance, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

For Employer

What Should I Pay?

The trusted data and intuitive software your organization needs to get pay right.

Explore CompAnalyst ®
Looking for Accurate Salary Data?

Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.

Surveys & Data Sets
Unlock Intelligence on Your Competitors' Salaries Across 35 Countries

Real-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.

SalaryIQTM
The Only Compensation System That Helps You EXCEL.

If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.

Compensation Planning