| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Forest Financial Group Inc | $109,256 |
-0.3%
|
Suggests Forest Financial Group Inc utilizes a highly similar base-plus-benefits compensation model. |
| Navadisha Financial Group | $108,412 |
-1.1%
|
Reflects stabilized pricing equilibrium for commercial construction roles in this region. |
| Woodstock Financial Group Inc | $105,512 |
-3.7%
|
Typical compensation structure for smaller regional agencies like Woodstock Financial Group Inc. |
| Pdk Financial Group Inc | $106,398 |
-2.9%
|
Indicates identical technical requirements and experience levels between the two firms. |
| Financial Services Industry | $121,514 |
+10.9%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
$109,256 / year
Salary Range: $95,777 - $123,902
Paramus, NJ
$108,412 / year
Salary Range: $95,044 - $122,939
North Brunswick, NJ
$105,512 / year
Salary Range: $92,497 - $119,647
Madison, NJ
$106,398 / year
Salary Range: $93,276 - $120,646
Somerset, NJ
$106,693 / year
Salary Range: $93,532 - $120,988
Summit, NJ
$100,216 / year
Salary Range: $87,860 - $113,647
Ocean View, NJ
$101,345 / year
Salary Range: $88,850 - $114,928
Delran, NJ
$108,212 / year
Salary Range: $94,861 - $122,707
Ramsey, NJ
$108,887 / year
Salary Range: $95,457 - $123,475
Little Ferry, NJ
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) | $2,500 - $3,800+ | A significant portion of Nj/ Principal Financial Group salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $220 | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $121 (PATH 30-day unlimited) / NJ Transit varies | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $470 - $700 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $500 - $900+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $420 - $780+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $4,041 - $6,401+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
Nj/ Principal Financial Group pays its employees an average of $109,604 per year. The average salary at Nj/ Principal Financial Group range from $96,080 to $124,292 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 Nj/ Principal Financial Group is higher than the similar company. The average annual salary at Nj/ Principal Financial Group is $109,604, or an hourly wage of $53, in comparison to Forest Financial Group Inc which pays $109,256 per year or $53 per hour.
In many roles at Nj/ Principal Financial Group, 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.
Jersey City's Cost of Living Index is approximately 132.5 (32.5% more expensive than US average; 16.1% more than NJ average). This significantly impacts the purchasing power of a salary from Nj/ Principal Financial Group based there. Our "Cost of Living Insights for Jersey City" module details this impact, helping you assess the 'real feel' value of your compensation.
Nj/ Principal Financial Group 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 Nj/ Principal Financial Group" section on this page.
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