| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Goosehead Insurance franchise | $91,567 |
+0.5%
|
Reflects stabilized pricing equilibrium for commercial construction roles in this region. |
| Litchfield Special Risks Inc | $78,973 |
-13.3%
|
Typical compensation structure for smaller regional agencies like Litchfield Special Risks Inc. |
| US Benefits Alliance | $91,282 |
+0.2%
|
Suggests US Benefits Alliance utilizes a highly similar base-plus-benefits compensation model. |
| Building Insurance Group | $95,649 |
+5.0%
|
Data suggests Building Insurance Group's workforce skews heavily towards veteran, high-tenure roles. |
| Insurance Industry | $123,858 |
+36.0%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$91,567 / year
Salary Range: $80,547 - $103,563
Mc Kinney, TX
$78,973 / year
Salary Range: $69,478 - $89,284
El Paso, TX
$91,282 / year
Salary Range: $80,291 - $103,258
Grand Rapids, MI
$95,649 / year
Salary Range: $84,130 - $108,172
Troy, MI
$97,875 / year
Salary Range: $86,091 - $110,721
Rochester Hills, MI
$96,250 / year
Salary Range: $84,671 - $108,855
Farmington, MI
$97,801 / year
Salary Range: $86,027 - $110,635
Plymouth, MI
$94,942 / year
Salary Range: $83,498 - $107,416
East Lansing, MI
$98,086 / year
Salary Range: $86,284 - $110,965
Plymouth, MI
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) | $1,000 - $1,500+ | A significant portion of Hcfa Claims Electronic salary. Location choices impact this heavily. |
| Utilities (Basic) | $140 - $230 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $40 (The Rapid 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 | $330 - $630+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $360 - $660+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,210 - $3,580+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
Hcfa Claims Electronic pays its employees an average of $91,082 per year. The average salary at Hcfa Claims Electronic range from $80,117 to $103,014 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.
The salary at Hcfa Claims Electronic is lesser than the similar company. The average annual salary at Hcfa Claims Electronic is $91,082, or an hourly wage of $44, in comparison to Goosehead Insurance franchise which pays $91,567 per year or $44 per hour.
In many roles at Hcfa Claims Electronic, 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.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). This significantly impacts the purchasing power of a salary from Hcfa Claims Electronic based there. Our "Cost of Living Insights for Grand Rapids" module details this impact, helping you assess the 'real feel' value of your compensation.
Hcfa Claims Electronic 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 Hcfa Claims Electronic" section on this page.
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