Michigan Mutual Inc Salary

As of September 2026, the average annual salary for employees at Michigan Mutual Inc in the United States is $105,744. This translates to an approximate hourly wage of $51. Salaries at Michigan Mutual Inc typically range from $92,652 to $120,012 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Michigan Mutual Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Michigan Mutual Inc. Based on our data, the highest paying job is the Chief Executive Officer, with an annual salary of $818,549. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Michigan Mutual Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Michigan Mutual Inc'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
Lendxfinancial LLC $113,570
+7.4%
Data suggests Lendxfinancial LLC's workforce skews heavily towards veteran, high-tenure roles.
The Independent Bankers Bank $102,136
-3.4%
Reflects market rates for standard general contracting, differing from specialized roles.
UNITED HOLDING Corp $124,382
+17.6%
Adjusted for higher cost-of-living indices in UNITED HOLDING Corp's primary metro hubs.
Southern Trust Mortgage LLC $97,579
-7.7%
Southern Trust Mortgage LLC may offer non-monetary perks in lieu of competitive base salaries.
Financial Services Industry $121,514
+14.9%
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 Michigan Mutual Inc

Considering a career at Michigan Mutual Inc? 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.
Flexible hours and remote work options enhance work-life balance. This investment in growth is remarkable. Great training, well-defined roles, and a helpful team made onboarding seamless. Compensation is standard, with modest perks. Great company with a mission-driven culture.
Colleagues are dependable and collaborative. There’s a healthy culture of respect, learning, and accountability. The company provides reliable employment with comprehensive benefits, but the work environment can feel bureaucratic. Training programs are provided but can be generic and infrequent. There’s a genuine effort to match people’s roles with their long-term strengths and interests. Training...
Benefits are competitive, but work can feel monotonous. The work environment is dynamic, with cutting-edge tools and technologies that streamline processes. Job roles are clearly defined, but cross-training is rare. Promotions happen infrequently.

Michigan Mutual Inc Overview

Website
www.mimutual.com
Founded In
1992
Employees
200 - 500 employees
Industry
Financial Services
Headquarter Address
911 Military St Port Huron Michigan MI 48060
Revenue
$50 Million - $200 Million
Phone Number
+1 8109829948
Social Media
About Michigan Mutual Inc
Michigan Mutual is the wholesale division of Michigan Mutual, Inc., which started in 1992. The company offers a full range of loan products, including FHA and conventional.

What Benefits Does Michigan Mutual Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Michigan Mutual Inc 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 Detroit?

Understanding the cost of living near Detroit is key to truly evaluating a salary offer or your current compensation at Michigan Mutual Inc.
Detroit's Cost of Living Index is approximately 97.6 (2.4% less expensive than US average; 6.9% more than MI average). Housing varies extremely by neighborhood (very cheap to expensive gentrified), overall costs can be low. DDOT/SMART bus, QLine. When planning your budget based on a salary from Michigan Mutual Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $800 - $1,500+ (Highly variable) A significant portion of Michigan Mutual Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $250 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (DDOT/SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,130 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Michigan Mutual Inc

1. How much does Michigan Mutual Inc in the United States pay?

Michigan Mutual Inc pays its employees an average of $105,744 per year. The average salary at Michigan Mutual Inc range from $92,652 to $120,012 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.

2. Do Michigan Mutual Inc employees get a higher salary than its peer company?

The salary at Michigan Mutual Inc is lesser than its peer company. The average annual salary at Michigan Mutual Inc is $105,744, or an hourly wage of $51, in comparison to Lendxfinancial LLC which pays $113,570 per year or $55 per hour.

3. What are the highest paying jobs at Michigan Mutual Inc?

The higher-paying job at Michigan Mutual Inc, according to our data, include Chief Executive Officer (avg. $818,549 per year), Chief Operations Officer (avg. $477,509 per year), and Executive Vice President & Chief Information Officer (avg. $320,383 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at Michigan Mutual Inc?

Salary progression with years of experience at Michigan Mutual Inc is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at Michigan Mutual Inc vary by office location?

Yes, it's very likely that salaries at Michigan Mutual Inc vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Detroit section provides more context.

6. Does Michigan Mutual Inc offer good benefits?

Michigan Mutual Inc typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at Michigan Mutual Inc" section on this page.