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Salem Five Bank Salary

Salem Five Bank Salary

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As of October 2026, the average hourly salary for employees at Salem Five Bank in the United States is $50. This translates to an approximate annual wage of $104,824. Salaries at Salem Five Bank typically range from $44 to $57 hourly, reflecting the diverse roles and experience levels within the company.

How Much Does Salem Five Bank Pay for Different Roles?

Explore detailed salary information for specific jobs at Salem Five Bank. Based on our data, the highest paying job is the Business Anaylst, with an hourly wage of $66. The table below outlines the hourly wage ranges for most popular roles within the company.

Digital Services Specialist

$17 / hour

Salary Range: $15 - $19

Security Services

Contact Center Agent

$42 / hour

Salary Range: $36 - $48

Sales

Fraud and Security Specialist

$44 / hour

Salary Range: $38 - $51

Security Services

Digital Support Agent

$34 / hour

Salary Range: $30 - $38

Construction

Business Anaylst

$66 / hour

Salary Range: $55 - $75

Library

Digital Banking Agent

$34 / hour

Salary Range: $30 - $38

Construction

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Salem Five Bank.
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About Salem Five Bank: Company Profile

Website
www.salemfive.com
Founded In
1855
Employees
500 - 1,000 employees
Industry
Financial Services
Headquarter Location
LOWELL
Revenue
$200 Million - $500 Million
Phone Number
-
Social Media
About SALEM FIVE BANK
*Reminder: Never include personal account information when posting on LinkedIn.* Salem Five Bancorp is the parent company of Salem Five (www.salemfive.com), a mutual institution founded in 1855 which designs and delivers sophisticated retail and commercial banking products and services coupled with smart technology. Salem Five's products and services all originate from its belief that, with the ri

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Salem Five Bank's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Career growth is possible but based on tenure rather than merit. Regular training programs enhance skills and knowledge. There are occasional team-building events, but mostly it’s a quiet, task-focused environment. This is a place where performance and effort are truly acknowledged. The ethical culture is palpable - compliance and transparency aren't just checkboxes but core values.
Commented in April 05, 2025
11
0
Inclusive and respectful workplace. Meetings are functional, rarely creative. Supportive management and consistent feedback have made a difference in my growth. Our compliance culture is robust yet practical. Cross-departmental projects are common, and employees are encouraged to share insights. What I appreciate most is how this diversity enhances our problem-solving and client service capabiliti...
Commented in March 11, 2025
23
1
The first month is well-structured without being overwhelming. Time limits are enforced. Strong emphasis on process and accuracy. The benefits are generous, and the team culture promotes collaboration and respect, making it easy to stay motivated and engaged. There’s a lot of attention to detail, and people care about doing things right.
Commented in January 27, 2024
37
2

How Salem Five Bank's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Salem Five Bank’s pay competitiveness. Click on a company for a deeper dive.

Is Salem Five Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Salem Five 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
SEACOAST BUSINESS SERVICES $45
-10.2%
Normalized for lower cost-of-living zones where SEACOAST BUSINESS SERVICES primarily operates.
SOUTHVIEW BANK $49
-2.2%
Suggests SOUTHVIEW BANK utilizes a highly similar base-plus-benefits compensation model.
SOUTHSIDE BANCSHARES, INC. $42
-16.7%
Reflects market rates for standard general contracting, differing from specialized roles.
SEACOAST BANKING CORPORATION OF FLORIDA $45
-10.6%
SEACOAST BANKING CORPORATION OF FLORIDA may offer non-monetary perks in lieu of competitive base salaries.
Financial Services Industry $59
+15.9%
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.

What Is the Cost of Living Near Lowell?

Understanding the cost of living near Lowell is key to truly evaluating a salary offer or your current compensation at Salem Five Bank.
Lowell's Cost of Living Index is approximately 115.8 (15.8% more expensive than US average; 12.7% less than MA average). Merrimack Valley city, historic mills, housing more affordable than Boston. LRTA bus, Commuter Rail. When planning your budget based on a salary from Salem Five Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,300+ A significant portion of Salem Five Bank salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (LRTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,070 - $4,720+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Salem Five Bank

FAQ 1: What is the typical salary range (low to high) for most roles at Salem Five Bank?
The typical salary range for most roles at Salem Five Bank is approximately from $44 to $57 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.
FAQ 2: How much does Salem Five Bank pay compared to SEACOAST BUSINESS SERVICES?
The average annual salary at Salem Five Bank is $104,824, or an hourly wage of $50, in comparison to SEACOAST BUSINESS SERVICES which pays $94,139 per year or $45 per hour.
FAQ 3: How does experience level affect salary at Salem Five Bank?
Experience level is a significant factor in determining salary at Salem Five 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.
FAQ 4: How can I determine if a salary offer from Salem Five Bank in Lowell is fair given the local cost of living?
To determine if a salary offer from Salem Five Bank in Lowell is fair, first compare the gross salary to our data for similar roles at Salem Five Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Lowell" to understand its purchasing power.
FAQ 5: What factors influence salary increases at Salem Five Bank?
Salary increases at Salem Five Bank are likely influenced by a combination of factors, including: individual employee performance against set goals, overall company performance and profitability, budget availability, changes in the market rate for similar roles (market adjustments), and sometimes cost-of-living increases.

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