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Murphy Insurance Agency LLC Salary

Murphy Insurance Agency LLC Salary

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As of October 2026, the average annual salary for employees at Murphy Insurance Agency LLC in the United States is $107,073. This translates to an approximate hourly wage of $51. Salaries at Murphy Insurance Agency LLC typically range from $94,137 to $121,183 annually, reflecting the diverse roles and experience levels within the company.
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Is Murphy Insurance Agency LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Murphy Insurance Agency LLC'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
Reliable Trading Inc Retirement Plan $99,309
-7.3%
Typical compensation structure for smaller regional agencies like Reliable Trading Inc Retirement Plan.
American Bankers Insurance Company of Florida $118,908
+11.1%
Reflects a supply-demand imbalance for the specific talent American Bankers Insurance Company of Florida targets.
Selective Insurance Company of America Use $112,621
+5.2%
Adjusted for higher cost-of-living indices in Selective Insurance Company of America Use's primary metro hubs.
State of Department of Insurance $97,685
-8.8%
Normalized for lower cost-of-living zones where State of Department of Insurance primarily operates.
Insurance Industry $123,858
+15.7%
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 Murphy Insurance Agency LLC's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Murphy Insurance Agency LLC. Click a company name to learn more.

Employee Reviews: Working at Murphy Insurance Agency LLC

Considering a career at Murphy Insurance Agency LLC? 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.
The insurance industry can be demanding, but the team is resilient and supportive. The insurance industry knowledge gained is invaluable. Employees are treated well, and management is transparent about company goals. It’s not the most exciting job, but it’s reliable and provides good job security, which is important in this industry. Managers are supportive, and teamwork is emphasized.
Commented in April 13, 2025
21
1
Company invests in employee development. I appreciate the opportunities for growth here. The insurance field can be complex, but training is thorough. Training opportunities are abundant, helping employees stay updated on industry trends. It’s a rewarding place to grow your career. A top choice for insurance industry professionals.
Commented in August 23, 2024
14
3
The benefits, including health and retirement plans, are strong. Company events foster camaraderie, making it a pleasant workplace. While there aren’t many standout perks, the basics like healthcare and 401(k) are solid. There’s a real sense of community, and leadership is transparent about company direction. I appreciate the company’s commitment to employee development.
Commented in July 04, 2024
29
2
The insurance industry can be complex, but the training provided helps immensely. Compensation aligns with industry standards, and benefits are satisfactory. A fantastic place to grow in the insurance industry.
Commented in February 05, 2024
10
1

Murphy Insurance Agency LLC Overview

Website
www.dfmurphy.com
Founded In
1937
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
133 Milford St Medway Massachusetts MA 02053
Revenue
$50 Million - $200 Million
Phone Number
+1 5084229277
Social Media
About Murphy Insurance Agency LLC
Founded in 1937, Murphy Insurance Agency is an independent, family-owned insurance agency headquartered in Hudson, Massachusetts.

What Benefits Does Murphy Insurance Agency LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Murphy Insurance Agency LLC 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 Framingham?

Understanding the cost of living near Framingham is key to truly evaluating a salary offer or your current compensation at Murphy Insurance Agency LLC.
Framingham's Cost of Living Index is approximately 125.7 (25.7% more expensive than US average; 5.2% less than MA average). MetroWest hub, housing costs above US avg. MWRTA bus, Commuter Rail. When planning your budget based on a salary from Murphy Insurance Agency LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,800 - $2,600+ A significant portion of Murphy Insurance Agency LLC salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (MWRTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $460 - $680 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $410 - $760+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,330 - $5,080+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Murphy Insurance Agency LLC

1. What is the typical salary range (low to high) for most roles at Murphy Insurance Agency LLC?

The typical annual salary range for most roles at Murphy Insurance Agency LLC is approximately from $94,137 to $121,183. 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 Murphy Insurance Agency LLC pay compared to Reliable Trading Inc Retirement Plan?

The average annual salary at Murphy Insurance Agency LLC is $107,073, or an hourly wage of $51, in comparison to Reliable Trading Inc Retirement Plan which pays $99,309 per year or $48 per hour.

3. Do salaries differ significantly between departments at Murphy Insurance Agency LLC?

Yes, salaries often differ between departments at Murphy Insurance Agency LLC due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Murphy Insurance Agency LLC?

Experience level is a significant factor in determining salary at Murphy Insurance Agency LLC, 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.

5. How can I determine if a salary offer from Murphy Insurance Agency LLC in Framingham is fair given the local cost of living?

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

6. Why might an individual's actual salary at Murphy Insurance Agency LLC differ from the ranges shown here?

An individual's actual salary at Murphy Insurance Agency LLC can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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