| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Roger Mumford Homes | $101,683 |
+0.4%
|
Confirms Roger Mumford Homes is a direct competitor vying for the exact same talent pool. |
| Trippon Wealth Management Group LLC | $90,048 |
-11.1%
|
Trippon Wealth Management Group LLC may offer non-monetary perks in lieu of competitive base salaries. |
| GlobalShop | $92,822 |
-8.4%
|
GlobalShop focuses strategically on recruiting and training entry-level apprentices. |
| Leili Design Studio | $82,264 |
-18.8%
|
Normalized for lower cost-of-living zones where Leili Design Studio primarily operates. |
| Business Services Industry | $120,931 |
+19.4%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$101,683 / year
Salary Range: $89,372 - $115,037
Matawan, NJ
$90,048 / year
Salary Range: $79,145 - $101,880
Houston, TX
$92,822 / year
Salary Range: $81,583 - $105,014
Chicago, IL
$82,264 / year
Salary Range: $72,300 - $93,076
Bonita Springs, FL
$100,923 / year
Salary Range: $88,703 - $114,184
Ridgewood, NJ
$107,716 / year
Salary Range: $94,678 - $121,866
Jersey City, NJ
$81,895 / year
Salary Range: $71,970 - $92,649
Albuquerque, NM
$93,561 / year
Salary Range: $82,224 - $105,843
Rowley, MA
$106,345 / year
Salary Range: $93,468 - $120,317
New York City, NY
Get an estimated calculation of how much you should be earning and insight into your career options.
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $2,500 - $3,800+ | A significant portion of Innovative Solutions & Technology salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $220 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $121 (PATH 30-day unlimited) / NJ Transit 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 | $500 - $900+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $420 - $780+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $4,041 - $6,401+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
Innovative Solutions & Technology pays its employees an average of $101,324 per year. The average salary at Innovative Solutions & Technology range from $89,060 to $114,635 per year. 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.
The salary at Innovative Solutions & Technology is lesser than the similar company. The average annual salary at Innovative Solutions & Technology is $101,324, or an hourly wage of $49, in comparison to Roger Mumford Homes which pays $101,683 per year or $49 per hour.
In many roles at Innovative Solutions & Technology, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). This significantly impacts the purchasing power of a salary from Innovative Solutions & Technology based there. Our "Cost of Living Insights for Jersey City" module details this impact, helping you assess the 'real feel' value of your compensation.
Innovative Solutions & Technology generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Innovative Solutions & Technology" section on this page.
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