Lower Salary

Lower Salary

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As of August 2026, the average hourly salary for employees at Lower in the United States is $54. This translates to an approximate annual wage of $112,336. Salaries at Lower typically range from $47 to $61 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Lower

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Is Lower’s Pay Competitive? Salary Benchmarking Analysis

How does Lower'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
BHG Financial $53
-1.5%
Indicates identical technical requirements and experience levels between the two firms.
Lennar Mortgage LLC $54
-0.3%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Carrington Mortgage Services LLC $63
+16.0%
Driven by niche technical certifications required for Carrington Mortgage Services LLC's specialized projects.
Guaranteed Rate Affinity LLC $59
+9.1%
Reflects a supply-demand imbalance for the specific talent Guaranteed Rate Affinity LLC targets.
Financial Services Industry $59
+8.2%
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 Lower and Their Hourly Pay Rates

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

Employee Reviews: Working at Lower

Considering a career at Lower? 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.
Team leads are open to suggestions, and cross-team collaboration is encouraged. It's fulfilling to be part of an organization that genuinely cares about its reputation and client satisfaction. Workload can be demanding during peak periods. Despite having team members, IT support is responsive and systems are user-friendly. A routine-driven environment with predictable outcomes.
Commented in February 27, 2025
50
1
Most coworkers are friendly but focused on their own tasks. Leadership is generally supportive but cautious with change. Overall, this organization offers a fulfilling career path in financial services with opportunities to grow and develop professionally. Focus on compliance sometimes no innovation. From AI-driven analytics to seamless digital platforms, we have the tools to excel in our roles. I...
Commented in February 25, 2025
18
1
Integration between systems works smoothly. The workload is stable, and support is available when needed. Career growth is possible but based on tenure rather than merit.
Commented in January 17, 2024
33
1

Lower Overview

Website
www.lower.com
Founded In
2019
Employees
1,000 - 3,000 employees
Industry
Financial Services
Headquarter Address
7775 Walton Pkwy New Albany Ohio OH 43054
Revenue
$500 Million - $1B
Phone Number
+1 8339202273
Social Media
About Lower
Lower is on a mission to help people build wealth through homeownership. The fintech company, based in Columbus, Ohio, offers a home finance platform that allows customers to deposit money and save for a home, get a mortgage to buy a home, refinance an existing mortgage, and obtain insurance to protect their home. This digital one-stop shop lowers the barriers to homeownership by helping customers

What Benefits Does Lower Offer Beyond Salary?

A competitive compensation package is more than just a salary. Lower 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)
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What Is the Cost of Living Near Columbus?

Understanding the cost of living near Columbus is key to truly evaluating a salary offer or your current compensation at Lower.
Columbus' Cost of Living Index is approximately 86.8 (13.2% less expensive than US average; 4.4% less than OH average). State capital (Ohio State Univ.), growing, affordable. COTA bus. When planning your budget based on a salary from Lower, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Lower salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $62 (COTA 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 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $670+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,282 - $3,602+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Lower

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

The typical salary range for most roles at Lower is approximately from $47 to $61 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 Lower pay compared to BHG Financial?

The average annual salary at Lower is $112,336, or an hourly wage of $54, in comparison to BHG Financial which pays $110,627 per year or $53 per hour.

3. Do salaries differ significantly between departments at Lower?

Yes, salaries often differ between departments at Lower 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 Lower?

Experience level is a significant factor in determining salary at Lower, 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 Lower in Columbus is fair given the local cost of living?

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

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

All salary figures displayed for Lower, 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.

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