Salem Five Salary

Salem Five Salary

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As of August 2026, the average hourly salary for employees at Salem Five in the United States is $59. This translates to an approximate annual wage of $123,158. Salaries at Salem Five typically range from $52 to $67 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Salem Five

Ready for your next career move? Explore current job openings at Salem Five. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Salem Five’s Pay Competitive? Salary Benchmarking Analysis

How does Salem Five'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
Boston Private Financial Holdings Inc $60
+1.4%
Confirms Boston Private Financial Holdings Inc is a direct competitor vying for the exact same talent pool.
Hanmi Financial Corp $59
+0.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
LegacyTexas Group Inc $53
-10.5%
Normalized for lower cost-of-living zones where LegacyTexas Group Inc primarily operates.
Homestreet Inc $58
-2.4%
Indicates identical technical requirements and experience levels between the two firms.
Financial Services Industry $59
-1.3%
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 Salem Five and Their Hourly Pay Rates

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

Employee Reviews: Working at Salem Five

Considering a career at Salem Five? 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.
It’s a high-performance, high-integrity workplace. Cross-departmental projects are common, and employees are encouraged to share insights. Employees are encouraged to upskill and explore cross-functional roles. Professional development opportunities exceed expectations.
Commented in April 02, 2025
33
0
From operations to compliance, people collaborate openly and share information freely. This company offers outstanding opportunities for professional growth. I’ve improved my skills significantly in a short time, and I see a long-term future here. Tools and resources are modern and effective. Benefits are standard, not industry-leading. This diligence builds trust with all stakeholders. Feedback l...
Commented in December 02, 2024
34
2
The leadership is strategic and open to employee feedback, which fosters a positive atmosphere. Job roles are clearly defined, but cross-training is rare. Mentorship programs connect generations of employees.
Commented in May 20, 2024
49
0
It's a great place to build a rewarding career in financial services with a future-focused mindset. Colleagues are helpful and knowledgeable. Workload is steady, and systems are reliable. These unsung heroes make daily operations seamless.
Commented in February 22, 2024
30
1

Salem Five Overview

Website
www.salemfive.com
Founded In
1855
Employees
500 - 1,000 employees
Industry
Financial Services
Headquarter Address
210 Essex St Salem Massachusetts MA 01970
Revenue
$200 Million - $500 Million
Phone Number
+1 8008505000
Social Media
About Salem Five
Salem Five was founded in 1855. This company provides banking and investment services. Their headquarters are located in Salem, MA.

What Benefits Does Salem Five Offer Beyond Salary?

A competitive compensation package is more than just a salary. Salem Five 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 Salem?

Understanding the cost of living near Salem is key to truly evaluating a salary offer or your current compensation at Salem Five.
Salem's Cost of Living Index is approximately 130.5 (30.5% more expensive than US average; 1.6% less than MA average). Historic North Shore city, tourism, housing costs high. MBTA bus/Commuter Rail, Ferry. When planning your budget based on a salary from Salem Five, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,900 - $2,800+ A significant portion of Salem Five salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA pass varies) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $470 - $700 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,510 - $5,370+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Salem Five

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

The typical salary range for most roles at Salem Five is approximately from $52 to $67 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 Salem Five pay compared to Boston Private Financial Holdings Inc?

The average annual salary at Salem Five is $123,158, or an hourly wage of $59, in comparison to Boston Private Financial Holdings Inc which pays $124,857 per year or $60 per hour.

3. Do salaries differ significantly between departments at Salem Five?

Yes, salaries often differ between departments at Salem Five 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 Salem Five?

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

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

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

All salary figures displayed for Salem Five, 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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