| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Willcox Mortgage Group | $89,711 |
-3.3%
|
Reflects market rates for standard general contracting, differing from specialized roles. |
| Expert Mortgage Group | $96,198 |
+3.6%
|
Supported by Expert Mortgage Group's high-margin contracts allowing higher overhead. |
| NW Morgage Group | $98,276 |
+5.9%
|
Reflects a supply-demand imbalance for the specific talent NW Morgage Group targets. |
| PCI Special Interest Group | $97,548 |
+5.1%
|
Influenced by prevailing union wage agreements specific to PCI Special Interest Group's sector. |
| Financial Services Industry | $121,514 |
+30.9%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$89,711 / year
Salary Range: $78,651 - $101,746
Albany, OR
$96,198 / year
Salary Range: $84,341 - $109,099
Oregon City, OR
$98,276 / year
Salary Range: $86,156 - $111,452
Beaverton, OR
$97,548 / year
Salary Range: $85,514 - $110,623
Portland, OR
$92,538 / year
Salary Range: $81,125 - $104,941
Salem, OR
$95,744 / year
Salary Range: $83,938 - $108,575
Portland, OR
$90,882 / year
Salary Range: $79,668 - $103,063
Salem, OR
$98,001 / year
Salary Range: $85,917 - $111,135
Beaverton, OR
$95,744 / year
Salary Range: $83,938 - $108,587
Houston, TX
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) | $1,100 - $1,600+ | A significant portion of Magellan Mortgage Group Inc salary. Location choices impact this heavily. |
| Utilities (Basic) | $110 - $200 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $45 (Cherriots monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $410 - $600 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $350 - $650+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $370 - $680+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,385 - $3,735+ | 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 Magellan Mortgage Group Inc, which can include base salary, potential bonuses, and benefits, is around $92,812 annually . Total compensation provides a more holistic view of an employee's earnings.
The average annual salary at Magellan Mortgage Group Inc is $92,812, or an hourly wage of $45, in comparison to Willcox Mortgage Group which pays $89,711 per year or $43 per hour.
Salary progression from an entry-level to a senior role at Magellan Mortgage Group Inc 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 Magellan Mortgage Group Inc in Salem is fair, first compare the gross salary to our data for similar roles at Magellan Mortgage Group Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Salem" to understand its purchasing power.
Yes, promotions at Magellan Mortgage Group Inc 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.
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