Krause Benefits Inc Salary

Krause Benefits Inc Salary

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As of August 2026, the average annual salary for employees at Krause Benefits Inc in the United States is $92,116. This translates to an approximate hourly wage of $44. Salaries at Krause Benefits Inc typically range from $81,051 to $104,148 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Krause Benefits Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Krause Benefits Inc. Based on our data, the highest paying job is the President, with an annual salary of $713,056. 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 Krause Benefits Inc

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

Is Krause Benefits Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Krause Benefits Inc'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
Eberle Insurance Agency $83,213
-9.7%
Typical compensation structure for smaller regional agencies like Eberle Insurance Agency.
Certified Workers Compensation Executive $84,310
-8.5%
Certified Workers Compensation Executive likely leverages performance bonuses over the high base salary shown here.
Warburton Insurance Services Inc $89,837
-2.5%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Leto Financial & Insurance Services Inc $103,476
+12.3%
Data suggests Leto Financial & Insurance Services Inc's workforce skews heavily towards veteran, high-tenure roles.
Insurance Industry $123,858
+34.5%
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 Krause Benefits Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Krause Benefits Inc

Considering a career at Krause Benefits Inc? 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 compensation is fair, with performance-based bonuses that motivate us to excel. I’ve built strong professional relationships here and feel motivated to contribute long-term. I’ve enjoyed my time here and would recommend it to others seeking a fulfilling insurance career. There’s a good mix of challenging projects and routine work, keeping the role dynamic.
Commented in March 16, 2025
25
2
The hybrid work model is a huge plus. The collaborative atmosphere makes teamwork seamless, and managers are supportive of new ideas. Workload distribution is fair, and managers are understanding of personal commitments. Colleagues are professional, though social interactions are limited.
Commented in March 02, 2025
44
0
My experience here has been stable and reliable. The office spaces are modern, and flexible scheduling is a big plus. Team collaboration is strong, making problem-solving efficient. This insurance company has exceeded my expectations in terms of workplace culture and growth opportunities. While not the most dynamic, it’s a dependable workplace.
Commented in February 15, 2025
40
2

Krause Benefits Inc Overview

Website
www.krausebenefits.com
Founded In
1989
Employees
<25 employees
Industry
Insurance
Headquarter Address
30411 W 12 Mile Rd Farmington Michigan MI 48334
Revenue
<$5 Million
Phone Number
+1 2484765778
Social Media
About Krause Benefits Inc
Krause Benefits, Inc. is a true independent insurance agency specializing in Employee Benefits solutions. We also offer other traditional products such as ACA Health Plans, Medicare, Voluntary Benefits, Life Insurance and Property and Casualty Products. We specialize in helping businesses grow and become more efficent by offering Compliance, HR Solutions, Payroll Services, plus much more! As an in

What Benefits Does Krause Benefits Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Krause Benefits Inc 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)
Work at Krause Benefits Inc?
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What Is the Cost of Living Near Farmington?

Understanding the cost of living near Farmington is key to truly evaluating a salary offer or your current compensation at Krause Benefits Inc.
Farmington/Farmington Hills (Oakland Co.) Cost of Living Index is approx. 102-105. Affluent Detroit suburbs, good schools, housing near/above US avg. SMART bus. When planning your budget based on a salary from Krause Benefits Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,700+ A significant portion of Krause Benefits Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $590 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $680+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,580 - $3,910+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Krause Benefits Inc

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

The typical annual salary range for most roles at Krause Benefits Inc is approximately from $81,051 to $104,148. 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 Krause Benefits Inc pay compared to Eberle Insurance Agency?

The average annual salary at Krause Benefits Inc is $92,116, or an hourly wage of $44, in comparison to Eberle Insurance Agency which pays $83,213 per year or $40 per hour.

3. How does experience level affect salary at Krause Benefits Inc?

Experience level is a significant factor in determining salary at Krause Benefits Inc, 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.

4. How can I determine if a salary offer from Krause Benefits Inc in Farmington is fair given the local cost of living?

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

5. What factors influence salary increases at Krause Benefits Inc?

Salary increases at Krause Benefits Inc 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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