Penny Finance Inc Salary

As of August 2026, the average annual salary for employees at Penny Finance Inc in the United States is $93,635. This translates to an approximate hourly wage of $45. Salaries at Penny Finance Inc typically range from $82,133 to $106,099 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Penny Finance Inc Pay for Different Roles?

Explore detailed salary information for specific jobs at Penny Finance Inc. Based on our data, the highest paying job is the Manager, Business, with an annual salary of $117,400. The table below outlines the annual salary ranges for most popular roles within the company.
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Current Job Openings at Penny Finance Inc

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

Is Penny Finance Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Penny Finance 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
Financing Alternatives Inc $82,876
-11.5%
Normalized for lower cost-of-living zones where Financing Alternatives Inc primarily operates.
Retirement Concepts Group LLC $86,209
-7.9%
Retirement Concepts Group LLC likely leverages performance bonuses over the high base salary shown here.
Signature Line Inc $99,257
+6.0%
Driven by niche technical certifications required for Signature Line Inc's specialized projects.
Leykar Investments LLC $84,996
-9.2%
Leykar Investments LLC operates with a leaner overhead structure, impacting base wage offers.
Financial Services Industry $121,514
+29.8%
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 Penny Finance Inc

Considering a career at Penny Finance 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.
Overall, it’s a stable and rewarding financial services firm. The company’s stability and growth prospects make it a great place to build a career. A forward-thinking environment with strong financial ethics and a people-first mindset. Flexible arrangements are possible, and there's a genuine understanding of personal commitments outside of work hours. A lot of financial companies feel cold, but t...
The benefits package is comprehensive, including excellent healthcare coverage and retirement options. I feel part of something bigger. This unwavering focus provides a clear sense of purpose and makes the work deeply satisfying, knowing we're making a real difference in their financial well-being. There's a strong ethical foundation, and our financial services truly make a difference. The first m...
It’s a stable environment for those who prefer clear rules and steady routines rather than rapid change or innovation. Priorities are clearly communicated. I feel truly valued as an employee here. The company genuinely cares about its employees' well-being.

Penny Finance Inc Overview

Website
www.penny-finance.com
Founded In
2020
Employees
<25 employees
Industry
Financial Services
Headquarter Address
28 Pier Market Pl Narragansett Rhode Island RI 02882
Revenue
<$5 Million
Phone Number
+1 3474173600
Social Media
About Penny Finance Inc
Get a tailored financial & investing plans, track your money making, learn about personal finances & get new insights, all in the Penny Finance investing app for women.

What Benefits Does Penny Finance Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Penny Finance 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 Narragansett?

Understanding the cost of living near Narragansett is key to truly evaluating a salary offer or your current compensation at Penny Finance Inc.
Narragansett's Cost of Living Index is approximately 128.3 (28.3% more expensive than US average; 18.2% more than RI average). Coastal beach town (URI nearby), high seasonal housing. RIPTA bus. When planning your budget based on a salary from Penny Finance Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ (Year-round varies) A significant portion of Penny Finance Inc salary. Location choices impact this heavily.
Utilities (Basic) $180 - $300 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (RIPTA monthly pass) 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 $450 - $850+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $420 - $780+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,290 - $5,230+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Penny Finance Inc

1. What is the average salary for employees at Penny Finance Inc?

The average annual total compensation for employees at Penny Finance Inc is approximately $93,635. However, this is an aggregate figure, actual salaries can range significantly, typically from $82,133 to $106,099, depending on factors like job role, experience, and location.

2. How much does Penny Finance Inc pay compared to Financing Alternatives Inc?

The average annual salary at Penny Finance Inc is $93,635, or an hourly wage of $45, in comparison to Financing Alternatives Inc which pays $82,876 per year or $40 per hour.

3. What is the lowest salary at Penny Finance Inc?

The lowest-paying job at Penny Finance Inc is a Marketing Intern with a salary of $41,052 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Penny Finance Inc?

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 Penny Finance Inc for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Penny Finance Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Narragansett?

While some companies offer formal COLA, many, including potentially Penny Finance Inc, 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.

6. What's the typical process for salary reviews and raises at Penny Finance Inc?

Most companies, likely including Penny Finance Inc, 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.