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Garrett State Bank Salary

Garrett State Bank Salary

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As of September 2026, the average hourly salary for employees at Garrett State Bank in the United States is $42. This translates to an approximate annual wage of $86,504. Salaries at Garrett State Bank typically range from $36 to $47 hourly, reflecting the diverse roles and experience levels within the company.
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Is Garrett State Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Garrett State Bank'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
Old Capital $42
+0.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Great Oaks Bank $42
+0.5%
Suggests Great Oaks Bank utilizes a highly similar base-plus-benefits compensation model.
First National Bank of Layton $41
-1.3%
Indicates identical technical requirements and experience levels between the two firms.
Valley Central Bank $43
+3.4%
Influenced by prevailing union wage agreements specific to Valley Central Bank's sector.
Financial Services Industry $59
+40.5%
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.

Companies Similar to Garrett State Bank and Their Hourly Pay Rates

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

Employee Reviews: Working at Garrett State Bank

Considering a career at Garrett State Bank? 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.
This hands-on guidance and the sharing of invaluable industry experience are instrumental in personal and professional growth. Third-party tools are carefully vetted. Training is provided but sometimes lacks relevance or follow-through. Priorities are clearly communicated.
Commented in May 18, 2025
28
0
Leaders are open-minded, coworkers are motivated, and the goals are ambitious but attainable. Work tends to be routine, with limited opportunities for creativity or rapid advancement. There's genuine interest in employee well-being, and performance is fairly rewarded. Pay and benefits are competitive and it is somehow outstanding. The transition to hybrid work was seamless thanks to thoughtful pla...
Commented in October 15, 2024
25
2
The leadership team is experienced, though not always accessible. Recognition is specific and meaningful. Professional development is a priority, offering everything from workshops to global rotations.
Commented in August 01, 2024
44
0
It’s fulfilling to contribute to impactful financial solutions in such a supportive environment. There's a genuine commitment to ethical financial advice. Flexible schedules and great benefits.
Commented in July 18, 2024
45
2
Processes are clear but inflexible. I feel like I’m building a long-term career, not just doing a job. Recognition programs motivate and reward employee achievements. Management is transparent and actively works to improve employee satisfaction. A strong emphasis on client service drives excellence.
Commented in February 05, 2024
22
0

Garrett State Bank Overview

Website
www.garrettstatebank.com
Founded In
1893
Employees
25 - 50 employees
Industry
Financial Services
Headquarter Address
120 W King St Garrett Indiana IN 46738
Revenue
$5 Million - $10 Million
Phone Number
+1 2603573133
Social Media
About Garrett State Bank
The Garrett State Bank and the City of Garrett were named after John Work Garrett. John's father Robert Garrett had become a successful merchant and shipper in Baltimore and had extensive interests throughout the East. He stepped in to assist the financially embarrassed Baltimore and Ohio Railroad in several ways. Bonds were sold to finance the extension to Wheeling WV and his firm assisted in mak

What Benefits Does Garrett State Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. Garrett State Bank 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 Garrett State Bank?
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What Is the Cost of Living Near Gary?

Understanding the cost of living near Gary is key to truly evaluating a salary offer or your current compensation at Garrett State Bank.
Gary's Cost of Living Index is approximately 73.5 (26.5% less expensive than US average; 18.9% less than IN average). NW IN city, facing economic challenges, extremely affordable housing. GPTC, South Shore Line rail. When planning your budget based on a salary from Garrett State Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $600 - $950+ A significant portion of Garrett State Bank salary. Location choices impact this heavily.
Utilities (Basic) $170 - $270 Electricity, Heating, Cooling, Water etc.
Public Transportation GPTC/South Shore (varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $350 - $520 Can be higher with more dining out or specialty stores.
Personal & Leisure $250 - $500+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $330 - $620+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $1,750 - $2,860+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Garrett State Bank

1. What is the typical salary range (low to high) for most roles at Garrett State Bank?

The typical salary range for most roles at Garrett State Bank is approximately from $36 to $47 per hour. 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 Garrett State Bank pay compared to Old Capital?

The average annual salary at Garrett State Bank is $86,504, or an hourly wage of $42, in comparison to Old Capital which pays $86,715 per year or $42 per hour.

3. Do salaries differ significantly between departments at Garrett State Bank?

Yes, salaries often differ between departments at Garrett State Bank 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 Garrett State Bank?

Experience level is a significant factor in determining salary at Garrett State Bank, 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 Garrett State Bank in Gary is fair given the local cost of living?

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

6. What are the key factors that influence salary levels at Garrett State Bank?

Several key factors influence salary levels at Garrett State Bank. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Garrett State Bank likely benchmarks its salaries against other companies in the Financial Services sector. You can explore how these factors play out in our detailed salary data.

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