Memic Salary

Memic Salary

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As of April 2026, the average annual salary for employees at Memic in the United States is $75,956. This translates to an approximate hourly wage of $37. Salaries at Memic typically range from $66,804 to $84,049 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Memic Pay for Different Roles?

Explore detailed salary information for specific jobs at Memic. Based on our data, the highest paying job is the Application Developer, with an annual salary of $131,150. The table below outlines the annual salary ranges for most popular roles within the company.

Actuarial Analyst I

$83,053 / year

Salary Range: $74,368 - $91,587

Actuarial

Actuarial Internship

$114,400 / year

Salary Range: $103,044 - $126,263

Actuarial

Agency Services Analyst

$98,474 / year

Salary Range: $86,976 - $111,259

Property and Casualty Insurance Underwriting

Application Developer

$131,150 / year

Salary Range: $118,394 - $145,075

Software Development

Application Developer (.Net)

$124,343 / year

Salary Range: $111,919 - $137,855

Software Development

Application Developer (SQL & .Net)

$124,343 / year

Salary Range: $111,919 - $137,855

Software Development

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Memic.
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About Memic: Company Profile

Website
www.memic.com
Founded In
1993
Employees
200 - 500 employees
Industry
Insurance
Headquarter Location
PORTLAND
Revenue
$50 Million - $200 Million
Phone Number
-
Social Media
About MEMIC
A super-regional workers' compensation specialty insurer rated "A" (Excellent) by A.M. Best, The MEMIC Group insures more than 20,000 employers and their estimated 300,000 employees. Licensed across the country with more than $1.4 billion in assets, The MEMIC Group is a leading carrier in the Northeast with a growing profile down the Eastern Seaboard. Offices are located in New Hampshire, Connecti

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Memic's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
The organization operates smoothly with well-established procedures. The insurance products are well-regarded, aiding client trust. The collaborative culture makes problem-solving efficient, and cross-department communication is smooth. Performance reviews are constructive, and there’s a clear path for advancement.
Commented in April 25, 2025
43
1
The insurance products are solid, and client interactions are straightforward. The insurance industry is competitive, but the company provides the tools for success. I’d recommend it to anyone looking for growth in this field. The company maintains a professional atmosphere with structured workflows. The onboarding process was smooth, and ongoing training keeps skills sharp.
Commented in January 10, 2025
44
3
Colleagues are competent, though interactions are minimal. This company values its employees and fosters a positive work environment. Stable environment, decent workload. The corporate social responsibility initiatives are commendable, adding purpose to daily work. The compensation package is fair, and there are opportunities for bonuses. Management is fair and provides regular updates on company ...
Commented in May 27, 2024
50
2
This company offers a stable work environment in the insurance sector. The office is well-maintained, and hybrid work options are available. The team is collaborative, and management is open to new ideas. A solid choice.
Commented in February 08, 2024
47
1

How Memic's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Memic’s pay competitiveness. Click on a company for a deeper dive.

Is Memic’s Pay Competitive? Salary Benchmarking Analysis

How does Memic'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
M B A AGENCY, INC. $94,066
+23.8%
Reflects structural premiums typical of M B A AGENCY, INC.'s large-cap national operations.
M BENNETT INSURANCE AGENCY $77,298
+1.8%
Indicates identical technical requirements and experience levels between the two firms.
M C MORTGAGE $50,657
-33.3%
Normalized for lower cost-of-living zones where M C MORTGAGE primarily operates.
M D MANOUEL INSURANCE AGENCY $88,655
+16.7%
Reflects a supply-demand imbalance for the specific talent M D MANOUEL INSURANCE AGENCY targets.
Insurance Industry $123,858
+63.1%
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.

What Is the Cost of Living Near Portland?

Understanding the cost of living near Portland is key to truly evaluating a salary offer or your current compensation at Memic.
Portland's Cost of Living Index is approximately 110.8 (10.8% more expensive than US average; 9.2% more than ME average). Largest ME city, popular, foodie scene, housing costs significantly above ME avg. METRO bus, ferry. When planning your budget based on a salary from Memic, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,400+ A significant portion of Memic salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $45 (METRO monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $440 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,085 - $4,855+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Memic

FAQ 1: What is the average salary for employees at Memic?
The average annual total compensation for employees at Memic is approximately $75,956. However, this is an aggregate figure, actual salaries can range significantly, typically from $66,804 to $84,049, depending on factors like job role, experience, and location.
FAQ 2: How much does Memic pay compared to M B A AGENCY, INC.?
The average annual salary at Memic is $75,956, or an hourly wage of $37, in comparison to M B A AGENCY, INC. which pays $94,065 per year or $45 per hour.
FAQ 3: How does having a professional certification impact salary for relevant roles at Memic?
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 Memic for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.
FAQ 4: Does Memic offer cost-of-living adjustments (COLA) for employees in high-cost areas like Portland?
While some companies offer formal COLA, many, including potentially Memic, 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.
FAQ 5: What's the typical process for salary reviews and raises at Memic?
Most companies, likely including Memic, 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.

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