Optimum Insurance Group Salary
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Current Job Openings at Optimum Insurance Group
Is Optimum Insurance Group’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| MDA Insurance & Financial Group | $44 |
-4.3%
|
MDA Insurance & Financial Group focuses strategically on recruiting and training entry-level apprentices. |
| Shaffer Insurance Services Inc | $51 |
+11.8%
|
Influenced by prevailing union wage agreements specific to Shaffer Insurance Services Inc's sector. |
| Knowlton Benefit Consultants Inc | $41 |
-11.1%
|
Knowlton Benefit Consultants Inc likely leverages performance bonuses over the high base salary shown here. |
| Ray Financial & Insurance Services Inc | $49 |
+7.5%
|
Adjusted for higher cost-of-living indices in Ray Financial & Insurance Services Inc's primary metro hubs. |
| Insurance Industry | $60 |
+29.4%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
Companies Similar to Optimum Insurance Group and Their Hourly Pay Rates
MDA Insurance & Financial Group
$44 / hour
Salary Range: $39 - $50
Okemos, MI
Shaffer Insurance Services Inc
$51 / hour
Salary Range: $45 - $58
Palmdale, CA
Knowlton Benefit Consultants Inc
$41 / hour
Salary Range: $36 - $46
Memphis, TN
Ray Financial & Insurance Services Inc
$49 / hour
Salary Range: $44 - $56
Burbank, CA
Companies Insurance Specialists Inc
$45 / hour
Salary Range: $39 - $51
Atlanta, GA
Quality Assurance Associates
$56 / hour
Salary Range: $50 - $64
Pacifica, CA
SMT Insurance Fund Group LLC
$45 / hour
Salary Range: $39 - $51
Sherman, TX
Arab Orient Takaful Insurance Co
$45 / hour
Salary Range: $40 - $51
Cairo,
dynamic insurance group LLC
$47 / hour
Salary Range: $41 - $53
Sugar Land, TX
Employee Reviews: Working at Optimum Insurance Group
Optimum Insurance Group Overview
What Benefits Does Optimum Insurance Group Offer Beyond Salary?
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What Is the Cost of Living Near Farmington?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,200 - $1,700+ | A significant portion of Optimum Insurance Group salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $240 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $70 (SMART monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $400 - $590 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $380 - $680+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $380 - $700+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,580 - $3,910+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Optimum Insurance Group
1. What is the typical salary range (low to high) for most roles at Optimum Insurance Group?
The typical salary range for most roles at Optimum Insurance Group is approximately from $40 to $52 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 Optimum Insurance Group pay compared to MDA Insurance & Financial Group?
The average annual salary at Optimum Insurance Group is $95,723, or an hourly wage of $46, in comparison to MDA Insurance & Financial Group which pays $91,620 per year or $44 per hour.
3. How does experience level affect salary at Optimum Insurance Group?
Experience level is a significant factor in determining salary at Optimum Insurance Group, 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.
4. How can I determine if a salary offer from Optimum Insurance Group in Farmington is fair given the local cost of living?
To determine if a salary offer from Optimum Insurance Group in Farmington is fair, first compare the gross salary to our data for similar roles at Optimum Insurance Group and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Farmington" to understand its purchasing power.
5. What are the key factors that influence salary levels at Optimum Insurance Group?
Several key factors influence salary levels at Optimum Insurance Group. 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: Optimum Insurance Group likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.
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