$688,234 / year
Salary Range: $526,811 - $867,310
Executive
$75,238 / year
Salary Range: $65,855 - $89,917
Insurance
$75,238 / year
Salary Range: $65,855 - $89,917
Insurance
$74,299 / year
Salary Range: $60,156 - $83,451
Management
$62,388 / year
Salary Range: $57,773 - $69,650
Home Care
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Dennis Insurance Agency | $88,023 |
-1.0%
|
Indicates identical technical requirements and experience levels between the two firms. |
| Hershey Insurance Group Inc | $92,569 |
+4.1%
|
Supported by Hershey Insurance Group Inc's high-margin contracts allowing higher overhead. |
| Future Insurance Agency Inc | $85,702 |
-3.6%
|
Future Insurance Agency Inc operates with a leaner overhead structure, impacting base wage offers. |
| Chelsea Rhone LLC | $94,974 |
+6.8%
|
Driven by niche technical certifications required for Chelsea Rhone LLC's specialized projects. |
| Insurance Industry | $123,858 |
+39.3%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$88,023 / year
Salary Range: $77,441 - $99,527
Lutz, FL
$92,569 / year
Salary Range: $81,445 - $104,672
Troy, MI
$85,702 / year
Salary Range: $75,407 - $96,905
Saginaw, MI
$94,974 / year
Salary Range: $83,562 - $107,380
Ann Arbor, MI
$91,683 / year
Salary Range: $80,667 - $103,660
Bingham Farms, MI
$87,253 / year
Salary Range: $76,772 - $98,649
Grand Rapids, MI
$83,614 / year
Salary Range: $73,565 - $94,539
Cape Coral, FL
$96,345 / year
Salary Range: $84,772 - $108,940
Philadelphia, PA
$85,312 / year
Salary Range: $75,058 - $96,454
Decatur, IL
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) | $800 - $1,200+ | A significant portion of MDA Insurance 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. |
MDA Insurance pays its employees an average of $88,909 per year. The average salary at MDA Insurance range from $78,220 to $100,527 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 MDA Insurance is higher than the similar company. The average annual salary at MDA Insurance is $88,909, or an hourly wage of $43, in comparison to Dennis Insurance Agency which pays $88,023 per year or $42 per hour.
A President at MDA Insurance typically earns an average annual base salary of around $688,234, with a general range of $526,811 to $867,310.
In many roles at MDA 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.
Lansing's Cost of Living Index is approximately 83.1 (16.9% less expensive than US average; 8.0% less than MI average). This significantly impacts the purchasing power of a salary from MDA Insurance based there. Our "Cost of Living Insights for Lansing" module details this impact, helping you assess the 'real feel' value of your compensation.
MDA 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 MDA Insurance" section on this page.
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