| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| INSocial Risk Advisors | $89,194 |
+4.2%
|
Supported by INSocial Risk Advisors's high-margin contracts allowing higher overhead. |
| First Meridian Title Agency | $87,232 |
+1.9%
|
Suggests First Meridian Title Agency utilizes a highly similar base-plus-benefits compensation model. |
| Barron Insurance & Financial Services Agency | $88,266 |
+3.1%
|
Adjusted for higher cost-of-living indices in Barron Insurance & Financial Services Agency's primary metro hubs. |
| American International Insurance Agencies Inc Inc | $81,568 |
-4.7%
|
American International Insurance Agencies Inc Inc likely leverages performance bonuses over the high base salary shown here. |
| Insurance Industry | $123,858 |
+44.7%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$89,194 / year
Salary Range: $78,476 - $100,844
Westerville, OH
$87,232 / year
Salary Range: $76,745 - $98,624
Mentor, OH
$88,266 / year
Salary Range: $77,661 - $99,795
Temperance, MI
$81,568 / year
Salary Range: $71,769 - $92,222
Springdale, AR
$88,972 / year
Salary Range: $78,284 - $100,600
San Antonio, TX
$112,220 / year
Salary Range: $98,737 - $126,878
Los Gatos, CA
$81,810 / year
Salary Range: $71,989 - $92,503
Lake City, FL
$87,791 / year
Salary Range: $77,249 - $99,271
Mc Sherrystown, PA
$101,029 / year
Salary Range: $88,886 - $114,220
Staten Island, 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) | $850 - $1,300+ | A significant portion of K Palmer Insurance salary. Location choices impact this heavily. |
| Utilities (Basic) | $150 - $240 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $95 (RTA monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $370 - $550 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $330 - $630+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $360 - $660+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,155 - $3,385+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
Salary.com estimates that the average total compensation package at K Palmer Insurance, which can include base salary, potential bonuses, and benefits, is around $85,608 annually . Total compensation provides a more holistic view of an employee's earnings.
The average annual salary at K Palmer Insurance is $85,608, or an hourly wage of $41, in comparison to INSocial Risk Advisors which pays $89,194 per year or $43 per hour.
Salary progression from an entry-level to a senior role at K Palmer Insurance can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.
To determine if a salary offer from K Palmer Insurance in Cleveland is fair, first compare the gross salary to our data for similar roles at K Palmer Insurance and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Cleveland" to understand its purchasing power.
Yes, promotions at K Palmer Insurance are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.
The trusted data and intuitive software your organization needs to get pay right.
Explore CompAnalyst ®Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data SetsReal-time global intelligence that empowers you to make competitive pay decisions and align offers with global trends.
SalaryIQTMIf your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning