Monroe and Associates Inc Salary

Monroe and Associates Inc Salary

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As of August 2026, the average annual salary for employees at Monroe and Associates Inc in the United States is $90,628. This translates to an approximate hourly wage of $44. Salaries at Monroe and Associates Inc typically range from $79,741 to $102,478 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Monroe and Associates Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Monroe and Associates Inc. Based on our data, the highest paying job is the Office Manager, with an annual salary of $70,298. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Current Job Openings at Monroe and Associates Inc

Ready for your next career move? Explore current job openings at Monroe and Associates Inc. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Monroe and Associates Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Monroe and Associates 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
Pacific Interstate Insurance Brokers $95,923
+5.8%
Influenced by prevailing union wage agreements specific to Pacific Interstate Insurance Brokers's sector.
Mosse & Mosse Insurance Associates LLC $98,487
+8.7%
Reflects a supply-demand imbalance for the specific talent Mosse & Mosse Insurance Associates LLC targets.
Tacy Insurance Agency $87,517
-3.4%
Tacy Insurance Agency likely leverages performance bonuses over the high base salary shown here.
CareComp $80,639
-11.0%
Reflects market rates for standard general contracting, differing from specialized roles.
Insurance Industry $123,858
+36.7%
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.

How Monroe and Associates Inc's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Monroe and Associates Inc. Click a company name to learn more.

Employee Reviews: Working at Monroe and Associates Inc

Considering a career at Monroe and Associates 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.
Additionally, the company hosts occasional social events, which help build strong relationships among staff. A solid choice for insurance professionals. The team is competent, though cross-department communication could improve. The office culture is collaborative, and management is approachable.
Commented in March 28, 2025
26
1
The company provides clear expectations, making it easy to perform tasks efficiently. The culture is collaborative, and leadership genuinely cares about employee growth. Community involvement is another highlight, with volunteer days and charity drives. Colleagues are competent, and communication is clear.
Commented in January 04, 2025
23
1
Management listens to feedback. Management is supportive, and the team works well together. The workload is fair, and overtime is rarely expected. The team is motivated, and leadership is visionary. The company provides ample opportunities for skill development and career growth. Colleagues are respectful, and the office environment is comfortable. The insurance products are innovative, keeping wo...
Commented in May 05, 2024
27
0

Monroe and Associates Inc Overview

Website
www.monroeassoc.com
Founded In
1971
Employees
<25 employees
Industry
Insurance
Headquarter Address
25901 W 10 Mile Rd Southfield Michigan MI 48033
Revenue
<$5 Million
Phone Number
+1 2483546220
Social Media
About Monroe and Associates Inc
Monroe and Associates, Inc. is an actuarial and employee benefits consulting firm located in Southeast Michigan since 1971, and currently providing services to professionals throughout Michigan. We are employee benefit plan specialists using advanced systems, known for clear and brief yet comprehensive reports and for professional advice in design, implementation, communication, and administration

What Benefits Does Monroe and Associates Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Monroe and Associates 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 Southfield?

Understanding the cost of living near Southfield is key to truly evaluating a salary offer or your current compensation at Monroe and Associates Inc.
Southfield's Cost of Living Index is approximately 96.9 (3.1% less expensive than US average; 6.1% more than MI average). Detroit suburb (Oakland Co.), major business center, housing near US avg. SMART bus. When planning your budget based on a salary from Monroe and Associates Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Monroe and Associates Inc salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (SMART monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $580 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) $2,330 - $3,660+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Monroe and Associates Inc

1. What is the typical salary range (low to high) for most roles at Monroe and Associates Inc?

The typical annual salary range for most roles at Monroe and Associates Inc is approximately from $79,741 to $102,478. 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. How much does Monroe and Associates Inc pay compared to Pacific Interstate Insurance Brokers?

The average annual salary at Monroe and Associates Inc is $90,628, or an hourly wage of $44, in comparison to Pacific Interstate Insurance Brokers which pays $95,923 per year or $46 per hour.

3. How does experience level affect salary at Monroe and Associates Inc?

Experience level is a significant factor in determining salary at Monroe and Associates Inc, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Monroe and Associates Inc in Southfield is fair given the local cost of living?

To determine if a salary offer from Monroe and Associates Inc in Southfield is fair, first compare the gross salary to our data for similar roles at Monroe and Associates Inc and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Southfield" to understand its purchasing power.

5. What are the key factors that influence salary levels at Monroe and Associates Inc?

Several key factors influence salary levels at Monroe and Associates Inc. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Monroe and Associates Inc likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.

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