Graves Insurance Group Salary
How Much Does Graves Insurance Group Pay for Different Roles?
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Is Graves Insurance Group’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| HR Insurance Services | $99,953 |
+11.5%
|
Adjusted for higher cost-of-living indices in HR Insurance Services's primary metro hubs. |
| Burns & Eustice Insurance Agency Inc | $84,152 |
-6.1%
|
Burns & Eustice Insurance Agency Inc focuses strategically on recruiting and training entry-level apprentices. |
| Star Insurance Group LLC | $87,591 |
-2.3%
|
Reflects stabilized pricing equilibrium for commercial construction roles in this region. |
| Encompass Title & Escrow - LLC | $85,544 |
-4.6%
|
Reflects market rates for standard general contracting, differing from specialized roles. |
| Insurance Industry | $123,858 |
+38.1%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Graves Insurance Group's Salaries Compare to Similar Companies?
HR Insurance Services
$99,953 / year
Salary Range: $87,942 - $113,013
San Pedro, CA
Burns & Eustice Insurance Agency Inc
$84,152 / year
Salary Range: $74,041 - $95,149
Onaway, MI
Star Insurance Group LLC
$87,591 / year
Salary Range: $77,065 - $99,039
Appleton, WI
Encompass Title & Escrow - LLC
$85,544 / year
Salary Range: $75,269 - $96,734
Omaha, NE
The Weiser Agency
$98,318 / year
Salary Range: $86,504 - $111,172
Santa Barbara, CA
Armor Insurance Group
$87,411 / year
Salary Range: $76,910 - $98,832
Virginia Beach, VA
AgentMethods LLC
$95,997 / year
Salary Range: $84,460 - $108,538
Chicago, IL
Rj Blanchard Benefit Services LLC
$89,036 / year
Salary Range: $78,339 - $100,661
Marrero, LA
Instaquote LLC
$89,236 / year
Salary Range: $78,522 - $100,905
Atlanta, GA
Employee Reviews: Working at Graves Insurance Group
Graves Insurance Group Overview
What Benefits Does Graves Insurance Group Offer Beyond Salary?
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What Is the Cost of Living Near Saint Louis?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $900 - $1,400+ | A significant portion of Graves Insurance Group salary. Location choices impact this heavily. |
| Utilities (Basic) | $140 - $230 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $78 (Metro monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $380 - $560 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $350 - $680+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $360 - $670+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,208 - $3,548+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Graves Insurance Group
1. How much does a Graves Insurance Group employee make?
Graves Insurance Group pays its employees an average of $89,658 per year. The average salary at Graves Insurance Group range from $78,880 to $101,368 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 Graves Insurance Group?
The salary at Graves Insurance Group is lesser than the similar company. The average annual salary at Graves Insurance Group is $89,658, or an hourly wage of $43, in comparison to HR Insurance Services which pays $99,953 per year or $48 per hour.
3. How much does a Principal Broker typically earn at Graves Insurance Group?
A Principal Broker at Graves Insurance Group typically earns an average annual base salary of around $211,790, with a general range of $177,192 to $254,012.
4. Do employees with advanced degrees (Master's, PhD) earn more at Graves Insurance Group?
In many roles at Graves Insurance Group, 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.
5. How does the cost of living near Saint Louis affect the perceived value of a Graves Insurance Group salary?
Saint Louis' Cost of Living Index is approximately 83.8 (16.2% less expensive than US average; 5.8% less than MO average). This significantly impacts the purchasing power of a salary from Graves Insurance Group based there. Our "Cost of Living Insights for Saint Louis" module details this impact, helping you assess the 'real feel' value of your compensation.
6. What kind of benefits does Graves Insurance Group typically offer employees?
Graves Insurance Group 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 Graves Insurance Group" section on this page.
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