Karrot Salary

Karrot Salary

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As of April 2026, the average annual salary for employees at Karrot in the United States is $93,360. This translates to an approximate hourly wage of $45. Salaries at Karrot typically range from $82,059 to $105,624 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Karrot Pay for Different Roles?

Explore detailed salary information for specific jobs at Karrot. Based on our data, the highest paying job is the Product Manager, with an annual salary of $131,168. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Karrot

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

Is Karrot’s Pay Competitive? Salary Benchmarking Analysis

How does Karrot'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
Lilly & Brown LLP $82,338
-11.8%
Lilly & Brown LLP may offer non-monetary perks in lieu of competitive base salaries.
The Event Source Solutions $83,150
-10.9%
Reflects market rates for standard general contracting, differing from specialized roles.
Genier Security Services $87,569
-6.2%
Genier Security Services operates with a leaner overhead structure, impacting base wage offers.
Gaccione Pomaco PC $100,512
+7.7%
Influenced by prevailing union wage agreements specific to Gaccione Pomaco PC's sector.
Business Services Industry $120,931
+29.5%
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.

How Karrot's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Karrot

Considering a career at Karrot? 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.
The leadership at this company sets a strong example. Leaders make time for team engagement and encourage creative thinking. This understanding culture makes it easier to manage personal and professional responsibilities, reducing stress and increasing loyalty among the staff and their families. The social committee does an amazing job of keeping things fun and engaging. The onboarding process was...
Commented in March 17, 2025
46
1
Leadership understands the importance of rest and recharging. Their large size means requests sometimes go through multiple channels. The company culture here is truly supportive. The company rewards initiative and values every team member’s input. Innovation is supported in theory and it is in practice. It creates a sense of trust and unity across the entire organization.
Commented in September 28, 2024
26
1
The focus on people makes the culture thrive. Encouraging feedback from management. The company offers solid professional development.
Commented in January 19, 2024
41
3

Karrot Overview

Website
www.thekarrot.com
Founded In
2006
Employees
<25 employees
Industry
Business Services
Headquarter Address
35 E Wacker Dr Chicago Illinois IL 60601
Revenue
<$5 Million
Phone Number
+1 3128096121
Social Media
About Karrot
Karrot is an experienced group with a deep understanding of channel incentive programs which works within budgets to provide a premium service and quality solutions. We understand what motivates people and business. Our insights help build and inspire programs that engage and drive an audience to a desired behavior and impact bottom line success. We believe in developing a partnership with our cli

What Benefits Does Karrot Offer Beyond Salary?

A competitive compensation package is more than just a salary. Karrot 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 Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Karrot.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Karrot, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Karrot salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Karrot

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

The typical annual salary range for most roles at Karrot is approximately from $82,059 to $105,624. 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 Karrot pay compared to Lilly & Brown LLP?

The average annual salary at Karrot is $93,360, or an hourly wage of $45, in comparison to Lilly & Brown LLP which pays $82,338 per year or $40 per hour.

3. Do salaries differ significantly between departments at Karrot?

Yes, salaries often differ between departments at Karrot 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 Karrot?

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

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

6. What are the key factors that influence salary levels at Karrot?

Several key factors influence salary levels at Karrot. 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: Karrot likely benchmarks its salaries against other companies in the Business Services sector. You can explore how these factors play out in our detailed salary data.

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