MDA Insurance & Financial Group Salary

As of August 2026, the average annual salary for employees at MDA Insurance & Financial Group in the United States is $91,620. This translates to an approximate hourly wage of $44. Salaries at MDA Insurance & Financial Group typically range from $80,593 to $103,624 annually, reflecting the diverse roles and experience levels within the company.
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Is MDA Insurance & Financial Group’s Pay Competitive? Salary Benchmarking Analysis

How does MDA Insurance & Financial Group'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
Optimum Insurance Group $95,723
+4.5%
Reflects a supply-demand imbalance for the specific talent Optimum Insurance Group targets.
Shaffer Insurance Services Inc $107,009
+16.8%
Adjusted for higher cost-of-living indices in Shaffer Insurance Services Inc's primary metro hubs.
Knowlton Benefit Consultants Inc $85,091
-7.1%
Knowlton Benefit Consultants Inc operates with a leaner overhead structure, impacting base wage offers.
Ray Financial & Insurance Services Inc $102,906
+12.3%
Data suggests Ray Financial & Insurance Services Inc's workforce skews heavily towards veteran, high-tenure roles.
Insurance Industry $123,858
+35.2%
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.

Employee Reviews: Working at MDA Insurance & Financial Group

Considering a career at MDA Insurance & Financial Group? 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.
I’ve had a very positive experience working here. A reliable employer for steady career growth. The company provides a dynamic and inclusive workplace. Management maintains a professional tone, and policies are clearly communicated. It’s a great place for those looking to grow their career while maintaining a healthy work-life balance.
The insurance industry can be complex, but the training provided helps immensely. The hybrid work policy is a major perk, allowing flexibility. The office culture is inclusive, and there’s a strong focus on employee well-being. Compensation is competitive, and there are opportunities for advancement. Workloads are balanced, and colleagues are helpful. Rewarding work with a focus on professional de...
Consistent workflow, no major complaints. Benefits are on par with industry standards, though more wellness initiatives would be appreciated. The insurance processes are streamlined, reducing unnecessary hurdles. Friendly colleagues and positive office environment.

MDA Insurance & Financial Group Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
3657 Road 3657 Rd Okemos Michigan MI 48864
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About MDA Insurance & Financial Group
MDA Insurance & Financial Group is a company that operates in the Insurance industry. It employs 21-50 people and has $5M-$10M of revenue. The company is headquartered in Okemos, Michigan.

What Benefits Does MDA Insurance & Financial Group Offer Beyond Salary?

A competitive compensation package is more than just a salary. MDA Insurance & Financial Group 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 Lansing?

Understanding the cost of living near Lansing is key to truly evaluating a salary offer or your current compensation at MDA Insurance & Financial Group.
Lansing's Cost of Living Index is approximately 83.1 (16.9% less expensive than US average; 8.0% less than MI average). State capital (Michigan State Univ. nearby), affordable housing. CATA bus. When planning your budget based on a salary from MDA Insurance & Financial Group, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,200+ A significant portion of MDA Insurance & Financial Group salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (CATA monthly pass, free for MSU) 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 $300 - $580+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $350 - $640+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,010 - $3,200+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MDA Insurance & Financial Group

1. What is the average salary for employees at MDA Insurance & Financial Group?

The average annual total compensation for employees at MDA Insurance & Financial Group is approximately $91,620. However, this is an aggregate figure, actual salaries can range significantly, typically from $80,593 to $103,624, depending on factors like job role, experience, and location.

2. How much does MDA Insurance & Financial Group pay compared to Optimum Insurance Group?

The average annual salary at MDA Insurance & Financial Group is $91,620, or an hourly wage of $44, in comparison to Optimum Insurance Group which pays $95,723 per year or $46 per hour.

3. How does having a professional certification impact salary for relevant roles at MDA Insurance & Financial Group?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at MDA Insurance & Financial Group for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does MDA Insurance & Financial Group offer cost-of-living adjustments (COLA) for employees in high-cost areas like Lansing?

While some companies offer formal COLA, many, including potentially MDA Insurance & Financial Group, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at MDA Insurance & Financial Group?

Most companies, likely including MDA Insurance & Financial Group, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.