| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Professional Insurance Advisors | $82,781 |
-5.5%
|
Typical compensation structure for smaller regional agencies like Professional Insurance Advisors. |
| Monte Johnson Insurance Services Inc | $86,114 |
-1.7%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| ALLConnecticut Insurance Brokers LLC | $97,369 |
+11.1%
|
Reflects structural premiums typical of ALLConnecticut Insurance Brokers LLC's large-cap national operations. |
| Mills Environmental Insurance Services LLC | $87,728 |
+0.1%
|
Suggests Mills Environmental Insurance Services LLC utilizes a highly similar base-plus-benefits compensation model. |
| Insurance Industry | $123,858 |
+41.4%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$82,781 / year
Salary Range: $72,841 - $93,600
Vero Beach, FL
$86,114 / year
Salary Range: $75,773 - $97,368
Klamath Falls, OR
$97,369 / year
Salary Range: $85,670 - $110,099
West Hartford, CT
$87,728 / year
Salary Range: $77,194 - $99,197
Suwanee, GA
$91,768 / year
Salary Range: $80,740 - $103,758
Manchester, NH
$84,975 / year
Salary Range: $74,765 - $96,076
Nashville, TN
$82,032 / year
Salary Range: $72,181 - $92,747
San Angelo, TX
$98,951 / year
Salary Range: $87,063 - $111,879
Woodland Hills, CA
$83,076 / year
Salary Range: $73,097 - $93,930
Clinton, SC
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) | $750 - $1,100+ | A significant portion of McFerrin Insurance salary. Location choices impact this heavily. |
| Utilities (Basic) | $160 - $260 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | Limited local transit | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $360 - $540 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $300 - $580+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $350 - $640+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $1,950 - $3,120+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
McFerrin Insurance pays its employees an average of $87,612 per year. The average salary at McFerrin Insurance range from $77,084 to $99,051 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 McFerrin Insurance is higher than the similar company. The average annual salary at McFerrin Insurance is $87,612, or an hourly wage of $42, in comparison to Professional Insurance Advisors which pays $82,781 per year or $40 per hour.
A President at McFerrin Insurance typically earns an average annual base salary of around $678,191, with a general range of $519,158 to $854,580.
In many roles at McFerrin Insurance, 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.
Beaumont's Cost of Living Index is approximately 80.7 (19.3% less expensive than US average; 13.2% less than TX average). This significantly impacts the purchasing power of a salary from McFerrin Insurance based there. Our "Cost of Living Insights for Beaumont" module details this impact, helping you assess the 'real feel' value of your compensation.
McFerrin Insurance 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 McFerrin Insurance" section on this page.
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